Jordan (JOR) and South Korea (KOR) Trade | The Observatory of Economic Complexity

About

Jordan-South Korea Trade: In 2023, Jordan exported $39.8M to South Korea. The main products that Jordan exported to South Korea were Chlorides ($13M), Scrap Copper ($12.8M), and Scrap Aluminium ($7.45M). Over the past 5 years the exports of Jordan to South Korea have decreased at an annualized rate of 6.31%, from $55.1M in 2018 to $39.8M in 2023.

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

South Korea-Jordan Trade: In 2023, South Korea exported $552M to Jordan. The main products that South Korea exported to Jordan were Cars ($342M), Delivery Trucks ($38.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($24.9M). Over the past 5 years the exports of South Korea to Jordan have decreased at an annualized rate of 2.85%, from $638M in 2018 to $552M in 2023.

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

Comparison: In 2023, Jordan ranked 64 in the Economic Complexity Index (ECI -0.015), and 88 in total exports ($14.7B). 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, Jordan exported $39.8M to South Korea. The main products exported from Jordan to South Korea were Chlorides ($13M), Scrap Copper ($12.8M), and Scrap Aluminium ($7.45M). During the last 5 years the exports of Jordan to South Korea have decreased at an annualized rate of 6.31%, from $55.1M in 2018 to $39.8M in 2023.

In 2018, South Korea exported $552M to Jordan. The main products exported from South Korea to Jordan were Cars ($342M), Delivery Trucks ($38.8M), and Motor vehicles; parts and accessories (8701 to 8705) ($24.9M). During the last 5 years the exports of South Korea to Jordan have decreased at an annualized rate of 2.85%, from $638M in 2023 to $552M in 2018.

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

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

Latest Data

Trade between Jordan () and South Korea ()

Jordan Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jordan
Top DestinationUnited States$3.14B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Jordan than South Korea included Iraq ($946M), Palestine ($338M), and Algeria ($132M).

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

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

Comparative Advantage Jordan - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jordan had a large net trade with South Korea in the exports of Metals ($20.4M), Chemical Products ($13.6M), and Textiles ($3.94M).

During 2018, South Korea had a large net trade with Jordan in the exports of Transportation ($409M), Machines ($56.4M), and Plastics and Rubbers ($24.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jordan South Korea+$3.9MPrecious Metal Scraps

Top Product Potential South Korea Jordan+$12.1MMotor vehicles; parts and accessories (8701 to 8705)

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Jordan () and South Korea ()

Jordan Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Jordan - South Korea

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring