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2022
Flag → Flag
Exports $4.17BRnk 30 / 220
2022
Flag → Flag
Top Product $371MCars
2022
Flag → Flag
Exports $14.3BRnk 8 / 219
2022
Flag → Flag
Top Product $7.97BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 0.24Rnk 53 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$508BCURRENT US$
Rnk 28 / 186
2012-2022
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GDP GROWTH32%CURRENT US$
Rnk 93 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$53,758CURRENT US$
Rnk 16 / 186
2012-2022
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GDP PC GROWTH21.1%CURRENT US$
Rnk 81 / 186

About

South Korea-United Arab Emirates Trade: In 2022, South Korea exported $4.17B to United Arab Emirates. The main products that South Korea exported to United Arab Emirates were Cars ($371M), Motor vehicles; parts and accessories (8701 to 8705) ($365M), and Explosive Ammunition ($271M). Over the past 5 years the exports of South Korea to United Arab Emirates have decreased at an annualized rate of 7.17%, from $6.05B in 2017 to $4.17B in 2022.

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 2022, United Arab Emirates exported $14.3B to South Korea. The main products that United Arab Emirates exported to South Korea were Crude Petroleum ($7.97B), Refined Petroleum ($4.55B), and Petroleum Gas ($592M). Over the past 5 years the exports of United Arab Emirates to South Korea have increased at an annualized rate of 9.68%,  from $9.01B in 2017 to $14.3B in 2022.

In 2022, United Arab Emirates did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $354M and imported $1.5B from United Arab Emirates, resulting in a negative trade balance of $1.14B. Between October 2023 and October 2024 the exports of South Korea have increased by $14.3M (4.21%) from $340M to $354M, while imports increased by $43.7M (3.01%) from $1.45B to $1.5B.

Trade In October 2024, the top exports of South Korea to United Arab Emirates were Cars, tractors, trucks & parts thereof. ($56.1M), Machinery, mechanical appliances, & parts ($51.2M), Electrical machinery and electronics ($41.1M), Mineral fuels, mineral oils and products... ($32.1M), and Plastics & articles thereof ($23.3M). In October 2024 the top imports of South Korea from United Arab Emirates were Mineral fuels, mineral oils and products... ($1.27B), Aluminum articles ($17.5M), Precious stones, metals, & pearls ($10.2M), Copper articles ($7.92M), and Machinery, mechanical appliances, & parts ($6.35M).

Growth In October 2024, the increase in South Korea's year-by-year exports to United Arab Emirates was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... ($20.8M or 184%), Cars, tractors, trucks & parts thereof. ($12.3M or 28%), and Electrical machinery and electronics ($10.8M or 35.5%). In October 2024, the increase in South Korea's year-by-year imports  from United Arab Emirates was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... ($537M or 73.5%), Precious stones, metals, & pearls ($9.41M or 1.27k%), and Machinery, mechanical appliances, & parts ($6.22M or 4.5k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$14.3M(4.21%)
IMPORT GROWTH (October 2023 - October 2024)$43.7M(3.01%)

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 2022, South Korea exported $4.17B to United Arab Emirates. The main products exported from South Korea to United Arab Emirates were Cars ($371M), Motor vehicles; parts and accessories (8701 to 8705) ($365M), and Explosive Ammunition ($271M). During the last 5 years the exports of South Korea to United Arab Emirates have decreased at an annualized rate of 7.17%, from $6.05B in 2017 to $4.17B in 2022.

In 2017, United Arab Emirates exported $14.3B to South Korea. The main products exported from United Arab Emirates to South Korea were Crude Petroleum ($7.97B), Refined Petroleum ($4.55B), and Petroleum Gas ($592M). During the last 5 years the exports of United Arab Emirates to South Korea have increased at an annualized rate of 9.68%, from $9.01B in 2022 to $14.3B in 2017.

Exports from South Korea (Flag) to United Arab Emirates (Flag) (2022)

Exports from United Arab Emirates (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
United Arab Emirates
Top DestinationIndia$51B

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

In 2022, countries that imported more from United Arab Emirates than South Korea included India ($51B), Saudi Arabia ($27.8B), and Iraq ($21.2B).

Difference in imports from United Arab Emirates (Flag) and South Korea (Flag) (2022)

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 2022, South Korea had a large net trade with United Arab Emirates in the exports of Machines ($1.04B), Transportation ($797M), and Plastics and Rubbers ($446M).

During 2017, United Arab Emirates had a large net trade with South Korea in the exports of Mineral Products ($13.4B), Metals ($539M), and Precious Metals ($153M).

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) (2022)

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