Ukraine (UKR) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Ukraine-South Korea Trade: In 2022, Ukraine exported $284M to South Korea. The main products that Ukraine exported to South Korea were Corn ($175M), Electric Heaters ($26M), and Hydrogen ($25.1M). Over the past 5 years the exports of Ukraine to South Korea have decreased at an annualized rate of 2.52%, from $322M in 2017 to $284M in 2022.

In 2022, Ukraine did not export any services to South Korea.

South Korea-Ukraine Trade: In 2022, South Korea exported $328M to Ukraine. The main products that South Korea exported to Ukraine were Cars ($54.9M), Delivery Trucks ($31.3M), and Beauty Products ($23.5M). Over the past 5 years the exports of South Korea to Ukraine have increased at an annualized rate of 0.6%, from $311M in 2017 to $328M in 2022.

In 2022, South Korea did not export any services to Ukraine.

Comparison: In 2022, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ukraine exported $284M to South Korea. The main products exported from Ukraine to South Korea were Corn ($175M), Electric Heaters ($26M), and Hydrogen ($25.1M). During the last 5 years the exports of Ukraine to South Korea have decreased at an annualized rate of 2.52%, from $322M in 2017 to $284M in 2022.

In 2017, South Korea exported $328M to Ukraine. The main products exported from South Korea to Ukraine were Cars ($54.9M), Delivery Trucks ($31.3M), and Beauty Products ($23.5M). During the last 5 years the exports of South Korea to Ukraine have increased at an annualized rate of 0.6%, from $311M in 2022 to $328M in 2017.

Exports from Ukraine () to South Korea () (2022)

Exports from South Korea () to Ukraine () (2022)

Latest Data

Trade between Ukraine () and South Korea ()

Ukraine Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ukraine
Top DestinationPoland$6.7B

South Korea
Top DestinationChina$150B

This map shows whether countries import more from Ukraine or South Korea. Each country is colored based on the difference in imports they receive from Ukraine and South Korea or the difference in the growth in imports.

In 2022, countries that imported more from Ukraine than South Korea included Romania ($3.94B), Bulgaria ($1.48B), and Moldova ($929M).

In 2022, countries that imported more from South Korea than Ukraine included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Ukraine () (2022)

Comparative Advantage Ukraine - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Ukraine and South Korea by product, considering products traded by both, Ukraine and South Korea.

During 2022, Ukraine had a large net trade with South Korea in the exports of Vegetable Products ($191M), Machines ($29.1M), and Chemical Products ($28.4M).

During 2017, South Korea had a large net trade with Ukraine in the exports of Transportation ($98.5M), Chemical Products ($64M), and Machines ($53.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ukraine South Korea+$23.9MWheat

Top Product Potential South Korea Ukraine+$45.1MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Ukraine and South Korea. This means that a dot/product with the flag of Ukraine indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Ukraine.

About

Historical Data

Bilateral Trade by Products

Exports from Ukraine () to South Korea () (2022)

Exports from South Korea () to Ukraine () (2022)

Latest Data

Trade between Ukraine () and South Korea ()

Ukraine Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Ukraine () (2022)

Comparative Advantage Ukraine - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ukraine () and South Korea () (2022)

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