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ExportsSpain-South Korea Trade: In 2023, Spain exported $1.92B to South Korea. The main products that Spain exported to South Korea were Pig Meat ($400M), Packaged Medicaments ($138M), and Non-Iron and Steel Slag, Ash and Residues ($71.1M). Over the past 5 years the exports of Spain to South Korea have decreased at an annualized rate of 5.16%, from $2.5B in 2018 to $1.92B in 2023.
In 2009, Spain exported services to South Korea worth $108M, with Services not allocated ($108M) being the largest in terms of value.
South Korea-Spain Trade: In 2023, South Korea exported $4.02B to Spain. The main products that South Korea exported to Spain were Cars ($1.17B), Refined Petroleum ($209M), and Hot-Rolled Iron ($186M). Over the past 5 years the exports of South Korea to Spain have increased at an annualized rate of 1.91%, from $3.66B in 2018 to $4.02B in 2023.
In 2005, South Korea exported services to Spain worth $216M, with Transportation ($174M), Other business services ($24.3M), and Travel ($14.6M) being the largest in terms of value.
Comparison: In 2023, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).
