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2023
Flag → Flag
Exports $815MRnk 48 / 142
2023
Flag → Flag
Top Product $188MCars
2023
Flag → Flag
Exports $185MRnk 34 / 205
2023
Flag → Flag
Top Product $26.6MAlcohol > 80% ABV
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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Economic Complexity (ECI) ECI -0.55Rnk 89 / 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$338BCURRENT US$
Rnk 45 / 195
2013-2023
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GDP GROWTH30.6%CURRENT US$
Rnk 113 / 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$1,365CURRENT US$
Rnk 170 / 196
2013-2023
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GDP PC GROWTH11.4%CURRENT US$
Rnk 130 / 195

About

South Korea-Pakistan Trade: In 2023, South Korea exported $815M to Pakistan. The main products that South Korea exported to Pakistan were Cars ($188M), Refined Petroleum ($103M), and Propylene Polymers ($32.5M). Over the past 5 years the exports of South Korea to Pakistan have decreased at an annualized rate of 6.53%, from $1.14B in 2018 to $815M in 2023.

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

Pakistan-South Korea Trade: In 2023, Pakistan exported $185M to South Korea. The main products that Pakistan exported to South Korea were Alcohol > 80% ABV ($26.6M), Light Pure Woven Cotton ($22.4M), and Soapstone ($14.1M). Over the past 5 years the exports of Pakistan to South Korea have decreased at an annualized rate of 13.7%,  from $387M in 2018 to $185M in 2023.

In 2023, Pakistan 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, Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $80.3M and imported $15.8M from Pakistan, resulting in a positive trade balance of $64.4M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-4.11M (-4.87%) from $84.4M to $80.3M, while imports decreased by $-1.06M (-6.25%) from $16.9M to $15.8M.

Trade In December 2024, the top exports of South Korea to Pakistan were Mineral fuels, mineral oils and products... ($57.9M), Cars, tractors, trucks & parts thereof. ($22.3M), Plastics & articles thereof ($12.1M), Paints, dyes, & varnishes ($6.3M), and Organic chemicals ($5.88M). In December 2024 the top imports of South Korea from Pakistan were Mineral fuels, mineral oils and products... ($6.91M), Beverages, spirits, & vinegar ($5.06M), Knitted clothing accesories ($4.79M), Cotton ($2.29M), and Salt, sulphur, cement, lime, stone, &... ($1.78M).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Pakistan was explained primarily by an decrease in product exports in Aluminum articles ($-2.06M or -59.5%), Optical, photo, & film equipment; medical... ($-856k or -75.2%), and Pharmaceutical products ($-450k or -32.8%). In December 2024, the decrease in South Korea's year-by-year imports  from Pakistan was explained primarily by an decrease in product imports  in Knitted clothing accesories ($-1.46M or -23.3%), Cotton ($-973k or -29.8%), and Copper articles ($-808k or -85%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-4.11M(-4.87%)
IMPORT GROWTH (December 2023 - December 2024)$-1.06M(-6.25%)

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

For full datasets download visit Bulk Download page.

Explore Pakistan and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $815M to Pakistan. The main products exported from South Korea to Pakistan were Cars ($188M), Refined Petroleum ($103M), and Propylene Polymers ($32.5M). During the last 5 years the exports of South Korea to Pakistan have decreased at an annualized rate of 6.53%, from $1.14B in 2018 to $815M in 2023.

In 2018, Pakistan exported $185M to South Korea. The main products exported from Pakistan to South Korea were Alcohol > 80% ABV ($26.6M), Light Pure Woven Cotton ($22.4M), and Soapstone ($14.1M). During the last 5 years the exports of Pakistan to South Korea have decreased at an annualized rate of 13.7%, from $387M in 2023 to $185M in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Pakistan
Top DestinationUnited States$5.18B

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

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

In 2023, countries that imported more from Pakistan than South Korea included Afghanistan ($969M), Bangladesh ($690M), and Vietnam ($355M).

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

Comparative Advantage South Korea - Pakistan

Flow
Scale

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

During 2023, South Korea had a large net trade with Pakistan in the exports of Transportation ($219M), Chemical Products ($165M), and Plastics and Rubbers ($123M).

During 2018, Pakistan had a large net trade with South Korea in the exports of Textiles ($72.7M), Foodstuffs ($28.6M), and Mineral Products ($20.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Pakistan+$147MRefined Petroleum
Top Product Potential Pakistan South Korea+$98.3MRefined Petroleum

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

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

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