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2023
Flag → Flag
Exports $1.53BRnk 37 / 142
2023
Flag → Flag
Top Product $505MCars
2023
Flag → Flag
Exports $381MRnk 32 / 185
2023
Flag → Flag
Top Product $282MPetroleum Gas
2023
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Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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Economic Complexity (ECI) ECI -0.11Rnk 66 / 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$396BCURRENT US$
Rnk 38 / 195
2013-2023
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GDP GROWTH37.3%CURRENT US$
Rnk 99 / 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$3,457CURRENT US$
Rnk 139 / 196
2013-2023
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GDP PC GROWTH14.3%CURRENT US$
Rnk 121 / 195

About

South Korea-Egypt Trade: In 2023, South Korea exported $1.53B to Egypt. The main products that South Korea exported to Egypt were Cars ($505M), Special Purpose Ships ($77.8M), and Integrated Circuits ($56.5M). Over the past 5 years the exports of South Korea to Egypt have decreased at an annualized rate of 5.84%, from $2.07B in 2018 to $1.53B in 2023.

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

Egypt-South Korea Trade: In 2023, Egypt exported $381M to South Korea. The main products that Egypt exported to South Korea were Petroleum Gas ($282M), Starch Residue ($38.3M), and Refined Petroleum ($35M). Over the past 5 years the exports of Egypt to South Korea have increased at an annualized rate of 4.38%,  from $308M in 2018 to $381M in 2023.

In 2023, Egypt 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, Egypt ranked 66 in the Economic Complexity Index (ECI -0.11), and 58 in total exports ($51.1B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $117M and imported $7.07M from Egypt, resulting in a positive trade balance of $110M. Between December 2023 and December 2024 the exports of South Korea have increased by $202k (0.17%) from $116M to $117M, while imports increased by $2.09M (41.9%) from $4.99M to $7.07M.

Trade In December 2024, the top exports of South Korea to Egypt were Cars, tractors, trucks & parts thereof. ($39.1M), Plastics & articles thereof ($18.3M), Electrical machinery and electronics ($18.1M), Machinery, mechanical appliances, & parts ($9.53M), and Iron & steel ($5.58M). In December 2024 the top imports of South Korea from Egypt were Mineral fuels, mineral oils and products... ($53.2M), Food residues & wastes; animal fodder ($2.96M), Stone, plaster, cement, asbestos, mica. ($422k), Non-knitted clothing accesories ($417k), and Organic chemicals ($187k).

Growth In December 2024, the increase in South Korea's year-by-year exports to Egypt was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($23.6M or 153%), Electrical machinery and electronics ($13.2M or 267%), and Plastics & articles thereof ($6.11M or 50.2%). In December 2024, the increase in South Korea's year-by-year imports  from Egypt was explained primarily by an increase in product imports  in Food residues & wastes; animal fodder ($1.29M or 76.8%), Edible fruits, nuts & fruit peels ($137k or 457%), and Electrical machinery and electronics ($58k or 85.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$202k(0.17%)
IMPORT GROWTH (December 2023 - December 2024)$2.09M(41.9%)

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

For full datasets download visit Bulk Download page.

Explore Egypt and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $1.53B to Egypt. The main products exported from South Korea to Egypt were Cars ($505M), Special Purpose Ships ($77.8M), and Integrated Circuits ($56.5M). During the last 5 years the exports of South Korea to Egypt have decreased at an annualized rate of 5.84%, from $2.07B in 2018 to $1.53B in 2023.

In 2018, Egypt exported $381M to South Korea. The main products exported from Egypt to South Korea were Petroleum Gas ($282M), Starch Residue ($38.3M), and Refined Petroleum ($35M). During the last 5 years the exports of Egypt to South Korea have increased at an annualized rate of 4.38%, from $308M in 2023 to $381M in 2018.

Exports from South Korea (Flag) to Egypt (Flag) (2023)

Exports from Egypt (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Egypt
Top DestinationSaudi Arabia$5.31B

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

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

In 2023, countries that imported more from Egypt than South Korea included Libya ($1.79B), Sudan ($983M), and Greece ($1.45B).

Difference in imports from Egypt (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Egypt

Flow
Scale

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

During 2023, South Korea had a large net trade with Egypt in the exports of Transportation ($625M), Machines ($322M), and Plastics and Rubbers ($260M).

During 2018, Egypt had a large net trade with South Korea in the exports of Mineral Products ($319M), Foodstuffs ($39.6M), and Stone And Glass ($10.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Egypt+$112MCars
Top Product Potential Egypt South Korea+$338MPetroleum 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 Egypt. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Egypt. Similarly, a dot/product with the flag of Egypt indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Egypt (Flag) (2023)

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