Egypt (EGY) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Egypt-South Korea Trade: In 2023, Egypt exported $381M to South Korea. The main products that Egypt exported to South Korea were Petroleum Gas ($282M), Starch Residue ($38.3M), and Refined Petroleum ($35M). Over the past 5 years the exports of Egypt to South Korea have increased at an annualized rate of 4.38%, from $308M in 2018 to $381M in 2023.

In 2023, Egypt did not export any services to South Korea.

South Korea-Egypt Trade: In 2023, South Korea exported $1.53B to Egypt. The main products that South Korea exported to Egypt were Cars ($505M), Special Purpose Ships ($77.8M), and Integrated Circuits ($56.5M). Over the past 5 years the exports of South Korea to Egypt have decreased at an annualized rate of 5.84%, from $2.07B in 2018 to $1.53B in 2023.

In 2023, South Korea did not export any services to Egypt.

Comparison: In 2023, Egypt ranked 66 in the Economic Complexity Index (ECI -0.11), and 58 in total exports ($51.1B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Egypt exported $381M to South Korea. The main products exported from Egypt to South Korea were Petroleum Gas ($282M), Starch Residue ($38.3M), and Refined Petroleum ($35M). During the last 5 years the exports of Egypt to South Korea have increased at an annualized rate of 4.38%, from $308M in 2018 to $381M in 2023.

In 2018, South Korea exported $1.53B to Egypt. The main products exported from South Korea to Egypt were Cars ($505M), Special Purpose Ships ($77.8M), and Integrated Circuits ($56.5M). During the last 5 years the exports of South Korea to Egypt have decreased at an annualized rate of 5.84%, from $2.07B in 2023 to $1.53B in 2018.

Exports from Egypt () to South Korea () (2023)

Exports from South Korea () to Egypt () (2023)

Latest Data

Trade between Egypt () and South Korea ()

Egypt Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Egypt
Top DestinationSaudi Arabia$5.31B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Egypt than South Korea included Libya ($1.79B), Sudan ($983M), and Greece ($1.45B).

In 2023, countries that imported more from South Korea than Egypt included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea () and Egypt () (2023)

Comparative Advantage Egypt - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Egypt had a large net trade with South Korea in the exports of Mineral Products ($319M), Foodstuffs ($39.6M), and Stone And Glass ($10.6M).

During 2018, South Korea had a large net trade with Egypt in the exports of Transportation ($625M), Machines ($322M), and Plastics and Rubbers ($260M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Egypt South Korea+$338MPetroleum Gas

Top Product Potential South Korea Egypt+$112MCars

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 Egypt and South Korea. This means that a dot/product with the flag of Egypt 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 Egypt.

About

Historical Data

Bilateral Trade by Products

Exports from Egypt () to South Korea () (2023)

Exports from South Korea () to Egypt () (2023)

Latest Data

Trade between Egypt () and South Korea ()

Egypt Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Egypt () (2023)

Comparative Advantage Egypt - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Egypt () and South Korea () (2023)

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