Israel (ISR) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Israel-South Korea Trade: In 2022, Israel exported $1.56B to South Korea. The main products that Israel exported to South Korea were Other Measuring Instruments ($406M), Non-optical Microscopes ($115M), and Chemical Analysis Instruments ($108M). Over the past 5 years the exports of Israel to South Korea have increased at an annualized rate of 6.87%, from $1.12B in 2017 to $1.56B in 2022.

In 2012, Israel exported services to South Korea worth $6.9M, with Computer and information services ($6.9M) being the largest in terms of value.

South Korea-Israel In N/A, South Korea did not export any products to Israel.

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

Comparison: In 2022, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $1.56B to South Korea. The main products exported from Israel to South Korea were Other Measuring Instruments ($406M), Non-optical Microscopes ($115M), and Chemical Analysis Instruments ($108M). During the last 5 years the exports of Israel to South Korea have increased at an annualized rate of 6.87%, from $1.12B in 2017 to $1.56B in 2022.

South Korea does not register exports to Israel.

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

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

Latest Data

Trade between Israel () and South Korea ()

Israel Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Israel than South Korea included Palestine ($4.6B), Ireland ($3.86B), and Cyprus ($827M).

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

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

Comparative Advantage Israel - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Israel had a large net trade with South Korea in the exports of Instruments ($757M), Machines ($314M), and Chemical Products ($233M).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Israel and South Korea. This means that a dot/product with the flag of Israel 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 Israel.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Israel () and South Korea ()

Israel Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Israel - South Korea

Economic Complexity

Competitive Landscape

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

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