Italy / South Korea

Italy-South Korea Trade: In 2023, Italy exported $7.15B to South Korea. The main products that Italy exported to South Korea were Trunks and Cases ($948M), Packaged Medicaments ($398M), and Cars ($287M). Over the past 5 years the exports of Italy to South Korea have increased at an annualized rate of 3.73%, from $5.95B in 2018 to $7.15B in 2023.

In 2020, Italy exported services to South Korea worth $212M, with Computer and information services ($46.4M), Royalties and license fees ($40.4M), and Other business services ($37.1M) being the largest in terms of value.

South Korea-Italy Trade: In 2023, South Korea exported $6.23B to Italy. The main products that South Korea exported to Italy were Vaccines, blood, antisera, toxins and cultures ($810M), Cars ($597M), and Hot-Rolled Iron ($423M). Over the past 5 years the exports of South Korea to Italy have increased at an annualized rate of 5.54%,  from $4.76B in 2018 to $6.23B in 2023.

In 2005, South Korea exported services to Italy worth $400M, with Transportation ($292M), Other business services ($64M), and Travel ($29.9M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).