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2023
Flag → Flag
Exports $939MRnk 42 / 142
2023
Flag → Flag
Exports $28.1MRnk N/A / N/A
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

South Korea-Portugal Trade: In 2023, South Korea exported $939M to Portugal. The main products that South Korea exported to Portugal were N/A. Over the past 5 years the exports of South Korea to Portugal have increased at an annualized rate of 8.2%, from $633M in 2018 to $939M in 2023.

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

Portugal-South Korea In N/A, Portugal did not export any products to South Korea.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

January, 2025

About

Overview In January 2025, South Korea exported $56.9M and imported $37.4M from Portugal, resulting in a positive trade balance of $19.6M. Between January 2024 and January 2025 the exports of South Korea have decreased by $-173M (-75.3%) from $230M to $56.9M, while imports decreased by $-19.9M (-34.8%) from $57.3M to $37.4M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$-173M(-75.3%)
IMPORT GROWTH (January 2024 - January 2025)$-19.9M(-34.8%)

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

For full datasets download visit Bulk Download page.

Explore Portugal and South Korea Data

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Historical Data

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than South Korea included Spain ($17.7B), Morocco ($1.65B), and Angola ($1.64B).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Portugal+$78.3MCars
Top Product Potential Portugal South Korea+N/AN/A

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

Product Space of South Korea (Flag) and Portugal (Flag) (NaN)

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