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2023
Flag → Flag
Exports $4.63BRnk 27 / 142
2023
Flag → Flag
Top Product $766MCars
2023
Flag → Flag
Exports $1.3BRnk 42 / 216
2023
Flag → Flag
Top Product $423MRefined Petroleum
2023
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Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
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GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

South Korea-United Arab Emirates Trade: In 2023, South Korea exported $4.63B to United Arab Emirates. The main products that South Korea exported to United Arab Emirates were Cars ($766M), Rolled Tobacco ($363M), and Motor vehicles; parts and accessories (8701 to 8705) ($287M). Over the past 5 years the exports of South Korea to United Arab Emirates have decreased at an annualized rate of 4.1%, from $5.7B in 2018 to $4.63B in 2023.

In 2005, South Korea exported services to United Arab Emirates worth $601M, with Services not allocated ($355M), Transportation ($201M), and Other business services ($42.1M) being the largest in terms of value.

United Arab Emirates-South Korea Trade: In 2023, United Arab Emirates exported $1.3B to South Korea. The main products that United Arab Emirates exported to South Korea were Refined Petroleum ($423M), Raw Aluminium ($140M), and Scrap Copper ($99.6M). Over the past 5 years the exports of United Arab Emirates to South Korea have decreased at an annualized rate of 32.6%,  from $9.34B in 2018 to $1.3B in 2023.

In 2023, United Arab Emirates did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $410M and imported $980M from United Arab Emirates, resulting in a negative trade balance of $570M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-45.3M (-9.96%) from $455M to $410M, while imports decreased by $-560M (-36.4%) from $1.54B to $980M.

Trade In December 2024, the top exports of South Korea to United Arab Emirates were Machinery, mechanical appliances, & parts ($129M), Cars, tractors, trucks & parts thereof. ($76.7M), Electrical machinery and electronics ($49.7M), Precious stones, metals, & pearls ($26.2M), and Plastics & articles thereof ($20.8M). In December 2024 the top imports of South Korea from United Arab Emirates were Mineral fuels, mineral oils and products... ($1.82B), Aluminum articles ($19.1M), Copper articles ($9.28M), Ores, slag and ash ($8.96M), and Precious stones, metals, & pearls ($2.39M).

Growth In December 2024, the decrease in South Korea's year-by-year exports to United Arab Emirates was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... ($-21.2M or -66%), Tobacco & substitutes ($-14.2M or -100%), and Plastics & articles thereof ($-2.47M or -10.6%). In December 2024, the decrease in South Korea's year-by-year imports  from United Arab Emirates was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls ($-7.77M or -76.5%), Machinery, mechanical appliances, & parts ($-5.58M or -87.8%), and Animal or vegetable fats, oils, &... ($-5.11M or -95.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-45.3M(-9.96%)
IMPORT GROWTH (December 2023 - December 2024)$-560M(-36.4%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check United Arab Emirates and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Arab Emirates and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $4.63B to United Arab Emirates. The main products exported from South Korea to United Arab Emirates were Cars ($766M), Rolled Tobacco ($363M), and Motor vehicles; parts and accessories (8701 to 8705) ($287M). During the last 5 years the exports of South Korea to United Arab Emirates have decreased at an annualized rate of 4.1%, from $5.7B in 2018 to $4.63B in 2023.

In 2018, United Arab Emirates exported $1.3B to South Korea. The main products exported from United Arab Emirates to South Korea were Refined Petroleum ($423M), Raw Aluminium ($140M), and Scrap Copper ($99.6M). During the last 5 years the exports of United Arab Emirates to South Korea have decreased at an annualized rate of 32.6%, from $9.34B in 2023 to $1.3B in 2018.

Exports from South Korea (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
United Arab Emirates
Top DestinationChina$40.2B

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

In 2023, countries that imported more from South Korea than United Arab Emirates included China ($162B), United States ($118B), and Chinese Taipei ($28.2B).

In 2023, countries that imported more from United Arab Emirates than South Korea included Iraq ($22.6B), India ($38.2B), and Oman ($10.1B).

Difference in imports from United Arab Emirates (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - United Arab Emirates

Flow
Scale

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

During 2023, South Korea had a large net trade with United Arab Emirates in the exports of Machines ($1.29B), Transportation ($1.14B), and Metals ($458M).

During 2018, United Arab Emirates had a large net trade with South Korea in the exports of Mineral Products ($431M), Metals ($366M), and Machines ($151M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea United Arab Emirates+$227MCars
Top Product Potential United Arab Emirates South Korea+$572MPetroleum Gas

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.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and United Arab Emirates. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over United Arab Emirates. Similarly, a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and United Arab Emirates (Flag) (2023)

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