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Pricing

2023
Flag → Flag
Exports $2.21BRnk 33 / 142
2023
Flag → Flag
Top Product $666MVehicle Bodies (including cabs) for the motor vehicles (8701 to 8705)
2023
Flag → Flag
Exports $3.81BRnk 6 / 144
2023
Flag → Flag
Top Product $3.65BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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Economic Complexity (ECI) ECI -0.18Rnk 71 / 132
2023
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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$263BCURRENT US$
Rnk 50 / 195
2013-2023
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GDP GROWTH11%CURRENT US$
Rnk 153 / 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$12,919CURRENT US$
Rnk 79 / 196
2013-2023
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GDP PC GROWTH-4.15%CURRENT US$
Rnk 158 / 195

About

South Korea-Kazakhstan Trade: In 2023, South Korea exported $2.21B to Kazakhstan. The main products that South Korea exported to Kazakhstan were Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($666M), Motor vehicles; parts and accessories (8701 to 8705) ($407M), and Cars ($262M). Over the past 5 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 19.4%, from $912M in 2018 to $2.21B in 2023.

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

Kazakhstan-South Korea Trade: In 2023, Kazakhstan exported $3.81B to South Korea. The main products that Kazakhstan exported to South Korea were Crude Petroleum ($3.65B), Ferroalloys ($64.5M), and Machinery Having Individual Functions ($49.5M). Over the past 5 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 13.1%,  from $2.06B in 2018 to $3.81B in 2023.

In 2023, Kazakhstan 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, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $264M and imported $14.4M from Kazakhstan, resulting in a positive trade balance of $249M. Between December 2023 and December 2024 the exports of South Korea have increased by $114M (75.7%) from $150M to $264M, while imports decreased by $-97.6M (-87.2%) from $112M to $14.4M.

Trade In December 2024, the top exports of South Korea to Kazakhstan were Cars, tractors, trucks & parts thereof. ($119M), Machinery, mechanical appliances, & parts ($10.8M), Perfumery & cosmetics ($7.4M), Optical, photo, & film equipment; medical... ($5.74M), and Electrical machinery and electronics ($4.2M). In December 2024 the top imports of South Korea from Kazakhstan were Mineral fuels, mineral oils and products... ($259M), Iron & steel ($6.74M), Cermet articles ($3.95M), Animal originated products, n.e.s. ($3.5M), and Ores, slag and ash ($1.11M).

Growth In December 2024, the increase in South Korea's year-by-year exports to Kazakhstan was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($12.1M or 11.4%), Machinery, mechanical appliances, & parts ($3.56M or 48.9%), and Perfumery & cosmetics ($3.41M or 85.6%). In December 2024, the decrease in South Korea's year-by-year imports  from Kazakhstan was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-6.82M or -2.56%), Cermet articles ($-1.02M or -20.5%), and Inorganic chemicals ($-419k or -86.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$114M(75.7%)
IMPORT GROWTH (December 2023 - December 2024)$-97.6M(-87.2%)

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

For full datasets download visit Bulk Download page.

Explore Kazakhstan and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $2.21B to Kazakhstan. The main products exported from South Korea to Kazakhstan were Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($666M), Motor vehicles; parts and accessories (8701 to 8705) ($407M), and Cars ($262M). During the last 5 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 19.4%, from $912M in 2018 to $2.21B in 2023.

In 2018, Kazakhstan exported $3.81B to South Korea. The main products exported from Kazakhstan to South Korea were Crude Petroleum ($3.65B), Ferroalloys ($64.5M), and Machinery Having Individual Functions ($49.5M). During the last 5 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 13.1%, from $2.06B in 2023 to $3.81B in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Kazakhstan
Top DestinationChina$15.2B

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

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

In 2023, countries that imported more from Kazakhstan than South Korea included Russia ($9.78B), United Kingdom ($14.3B), and Greece ($3.56B).

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

Comparative Advantage South Korea - Kazakhstan

Flow
Scale

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

During 2023, South Korea had a large net trade with Kazakhstan in the exports of Transportation ($1.35B), Machines ($472M), and Plastics and Rubbers ($130M).

During 2018, Kazakhstan had a large net trade with South Korea in the exports of Mineral Products ($3.65B), Metals ($90.2M), and Machines ($70.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Kazakhstan+$42.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Kazakhstan South Korea+$60MFerroalloys

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

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

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