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Pricing

2022
Flag → Flag
Exports $37.5MRnk 140 / 220
2022
Flag → Flag
Top Product $3.28MBeauty Products
2022
Flag → Flag
Exports $13.9MRnk 57 / 125
2022
Flag → Flag
Top Product $4.46MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.82Rnk 32 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH13.7%CURRENT US$
Rnk 101 / 186

About

South Korea-Belarus Trade: In 2022, South Korea exported $37.5M to Belarus. The main products that South Korea exported to Belarus were Beauty Products ($3.28M), Orthopedic Appliances ($2.93M), and Cars ($2.93M). Over the past 5 years the exports of South Korea to Belarus have decreased at an annualized rate of 15.9%, from $89.1M in 2017 to $37.5M in 2022.

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

Belarus-South Korea Trade: In 2022, Belarus exported $13.9M to South Korea. The main products that Belarus exported to South Korea were Integrated Circuits ($4.46M), Antiknock ($2.97M), and Glass Fibers ($1.41M). Over the past 5 years the exports of Belarus to South Korea have decreased at an annualized rate of 20.5%,  from $43.7M in 2017 to $13.9M in 2022.

In 2014, Belarus exported services to South Korea worth $3.43M, with Computer and information services ($3.31M), Government services, n.i.e. ($97.2k), and Insurance services ($12k) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $5.52M and imported $462k from Belarus, resulting in a positive trade balance of $5.06M. Between September 2023 and September 2024 the exports of South Korea have increased by $138k (2.57%) from $5.38M to $5.52M, while imports increased by $190k (69.9%) from $272k to $462k.

Trade In September 2024, the top exports of South Korea to Belarus were Machinery, mechanical appliances, & parts ($2.15M), Chemical products n.e.s. ($548k), Iron & steel ($463k), Optical, photo, & film equipment; medical... ($332k), and Perfumery & cosmetics ($323k). In September 2024 the top imports of South Korea from Belarus were Electrical machinery and electronics ($102k), Glass & glassware ($95k), Wood, wood articles, & charcoal ($49k), Non-knitted clothing accesories ($45k), and Optical, photo, & film equipment; medical... ($25k).

Growth In September 2024, the increase in South Korea's year-by-year exports to Belarus was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($1.9M or 773%), Chemical products n.e.s. ($368k or 204%), and Perfumery & cosmetics ($87k or 36.9%). In September 2024, the increase in South Korea's year-by-year imports  from Belarus was explained primarily by an increase in product imports  in Non-knitted clothing accesories ($28k or 165%), Preparations of cereals, flour, starch or... ($22k or 2.2k%), and Glass & glassware ($21k or 28.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$138k(2.57%)
IMPORT GROWTH (September 2023 - September 2024)$190k(69.9%)

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 Belarus and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belarus and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $37.5M to Belarus. The main products exported from South Korea to Belarus were Beauty Products ($3.28M), Orthopedic Appliances ($2.93M), and Cars ($2.93M). During the last 5 years the exports of South Korea to Belarus have decreased at an annualized rate of 15.9%, from $89.1M in 2017 to $37.5M in 2022.

In 2017, Belarus exported $13.9M to South Korea. The main products exported from Belarus to South Korea were Integrated Circuits ($4.46M), Antiknock ($2.97M), and Glass Fibers ($1.41M). During the last 5 years the exports of Belarus to South Korea have decreased at an annualized rate of 20.5%, from $43.7M in 2022 to $13.9M in 2017.

Exports from South Korea (Flag) to Belarus (Flag) (2022)

Exports from Belarus (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Belarus
Top DestinationChina$1.6B

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

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

In 2022, countries that imported more from Belarus than South Korea included Ukraine ($1.29B), Lithuania ($778M), and Latvia ($295M).

Difference in imports from Belarus (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Belarus

Flow
Scale

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

During 2022, South Korea had a large net trade with Belarus in the exports of Chemical Products ($7.66M), Instruments ($7M), and Machines ($6.33M).

During 2017, Belarus had a large net trade with South Korea in the exports of Machines ($5.05M), Chemical Products ($3.38M), and Stone And Glass ($1.47M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Belarus+$9.67MCars
Top Product Potential Belarus South Korea+$3.74MIntegrated Circuits

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 Belarus. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Belarus (Flag) (2022)

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