Iran / South Korea

Iran-South Korea Trade: In 2022, Iran exported $10.5M to South Korea. The main products that Iran exported to South Korea were Raw Lead ($4.04M), Compasses ($2.06M), and Navigation Equipment ($633k). Over the past 5 years the exports of Iran to South Korea have decreased at an annualized rate of 73%, from $7.36B in 2017 to $10.5M in 2022.

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

South Korea-Iran Trade: In 2022, South Korea exported $195M to Iran. The main products that South Korea exported to Iran were Orthopedic Appliances ($18.5M), Motor vehicles; parts and accessories (8701 to 8705) ($10.1M), and Liquid Pumps ($9.23M). Over the past 5 years the exports of South Korea to Iran have decreased at an annualized rate of 21.1%,  from $4.25B in 2017 to $195M in 2022.

In 2005, South Korea exported services to Iran worth $404M, with Services not allocated ($263M), Transportation ($121M), and Other business services ($10.7M) being the largest in terms of value.

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).