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2022
Flag → Flag
Exports $94MRnk 116 / 220
2022
Flag → Flag
Top Product $74.2MCars
2022
Flag → Flag
Exports $2.25MRnk 15 / 98
2022
Flag → Flag
Top Product $781kPure Olive Oil
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$19.1BCURRENT US$
Rnk 118 / 186
2012-2022
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 47 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$3,789CURRENT US$
Rnk 123 / 186
2012-2022
Flag
GDP PC GROWTH23.5%CURRENT US$
Rnk 75 / 186

About

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

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

September, 2024

About

Overview In September 2024, South Korea exported $1.96M and imported $262k from Palestine, resulting in a positive trade balance of $1.7M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-1.02M (-34.3%) from $2.98M to $1.96M, while imports increased by $262k (N/A%) from $0 to $262k.

Trade In September 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 September 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 September 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 September 2024, the increase in South Korea's year-by-year imports  from Palestine was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-1.02M(-34.3%)
IMPORT GROWTH (September 2023 - September 2024)$262k(N/A%)

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

For full datasets download visit Bulk Download page.

Explore Palestine and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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.

Palestine does not register exports to South Korea. The main products exported from Palestine to South Korea were Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k).

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

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

Market Competitiveness

Color
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 (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Palestine

Flow
Scale

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).

Economic Complexity

Competitive Landscape

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.

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

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