South Korea-Portugal Trade: In 2022, South Korea exported $930M to Portugal. The main products that South Korea exported to Portugal were Refined Petroleum ($228M), Cars ($89.2M), and Coated Flat-Rolled Iron ($67.7M). Over the past 5 years the exports of South Korea to Portugal have increased at an annualized rate of 14.4%, from $475M in 2017 to $930M in 2022.
In 2022, South Korea did not export any services to Portugal.
Portugal-South Korea Trade: In 2022, Portugal exported $298M to South Korea. The main products that Portugal exported to South Korea were Rubber Tires ($66.1M), Knit Sweaters ($19.6M), and Cars ($14.3M). Over the past 5 years the exports of Portugal to South Korea have increased at an annualized rate of 10.4%, from $182M in 2017 to $298M in 2022.
In 2020, Portugal exported services to South Korea worth $18.3M, with Travel ($18.3M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).