South Korea (KOR) and Palestine (PSE) Trade | The Observatory of Economic Complexity

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South Korea-Palestine Trade: In 2022, South Korea exported $94M to Palestine. The main products that South Korea exported to Palestine were Cars ($74.2M), Motor vehicles; parts and accessories (8701 to 8705) ($1.98M), and Unprocessed Synthetic Staple Fibers ($1.39M). Over the past 5 years the exports of South Korea to Palestine have decreased at an annualized rate of 5.49%, from $125M in 2017 to $94M in 2022.

In 2022, South Korea did not export any services to Palestine.

Palestine-South Korea Trade: In 2022, Palestine exported $2.25M to South Korea. The main products that Palestine exported to South Korea were Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k). Over the past 5 years the exports of Palestine to South Korea have increased at an annualized rate of 1.64%, from $2.08M in 2017 to $2.25M in 2022.

In 2022, Palestine did not export any services to South Korea.

Comparison In 2022, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Palestine ranked 150 in total exports ($1.61B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

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Overview In October 2024, South Korea exported $2.75M and imported $95k from Palestine, resulting in a positive trade balance of $2.66M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-1.26M (-31.4%) from $4.01M to $2.75M, while imports increased by $2k (2.15%) from $93k to $95k.

Trade In October 2024, the top exports of South Korea to Palestine were Cars, tractors, trucks & parts thereof. ($5.32M), Electrical machinery and electronics ($19k), Pharmaceutical products ($18k), Paper articles ($15k), and Furniture, bedding, lamps, & prefab buildings ($6k). In October 2024 the top imports of South Korea from Palestine were Pharmaceutical products ($0), Chemical products n.e.s. ($0), Paper articles ($0), Electrical machinery and electronics ($0), and Cars, tractors, trucks & parts thereof. ($0).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Palestine was explained primarily by an decrease in product exports in Pharmaceutical products ($-82k or -82%). In October 2024, the increase in South Korea's year-by-year imports from Palestine was explained primarily by an increase in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $94M to Palestine. The main products exported from South Korea to Palestine were Cars ($74.2M), Motor vehicles; parts and accessories (8701 to 8705) ($1.98M), and Unprocessed Synthetic Staple Fibers ($1.39M). During the last 5 years the exports of South Korea to Palestine have decreased at an annualized rate of 5.49%, from $125M in 2017 to $94M in 2022.

In 2017, Palestine exported $2.25M to South Korea. The main products exported from Palestine to South Korea were Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k). During the last 5 years the exports of Palestine to South Korea have increased at an annualized rate of 1.64%, from $2.08M in 2022 to $2.25M in 2017.

Exports from South Korea () to Palestine () (2022)

Exports from Palestine () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Palestine
Top DestinationIsrael$1.3B

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

In 2022, countries that imported more from South Korea than Palestine included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, no countries were registered that imported more from Palestine than from South Korea.

Difference in imports from Palestine () and South Korea () (2022)

Comparative Advantage South Korea - Palestine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Palestine in the exports of Transportation ($76.7M), Machines ($5.92M), and Chemical Products ($4.48M).

During 2017, Palestine had a large net trade with South Korea in the exports of Animal and Vegetable Bi-Products ($781k), Footwear and Headwear ($655k), and Vegetable Products ($622k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of South Korea and Palestine. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Palestine. Similarly, a dot/product with the flag of Palestine indicates it has a comparative advantage over South Korea.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Palestine () (2022)

Exports from Palestine () to South Korea () (2022)

Market Competitiveness

Difference in imports from Palestine () and South Korea () (2022)

Comparative Advantage South Korea - Palestine

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Palestine () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Palestine () (2022)

Exports from Palestine () to South Korea () (2022)

Market Competitiveness

Difference in imports from Palestine () and South Korea () (2022)

Comparative Advantage South Korea - Palestine

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Palestine () (2022)

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