NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $768MRnk 49 / 142
2023
Flag → Flag
Top Product $116MOther Heating Machinery
2023
Flag → Flag
Exports $12.1BRnk 3 / 140
2023
Flag → Flag
Top Product $10.6BPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 78 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$213BCURRENT US$
Rnk 55 / 195
2013-2023
Flag
GDP GROWTH7.18%CURRENT US$
Rnk 163 / 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$80,196CURRENT US$
Rnk 10 / 196
2013-2023
Flag
GDP PC GROWTH-22.7%CURRENT US$
Rnk 182 / 195

About

South Korea-Qatar Trade: In 2023, South Korea exported $768M to Qatar. The main products that South Korea exported to Qatar were Other Heating Machinery ($116M), Iron Pipes ($92.7M), and Iron Pipe Fittings ($65.9M). Over the past 5 years the exports of South Korea to Qatar have increased at an annualized rate of 3.79%, from $638M in 2018 to $768M in 2023.

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

Qatar-South Korea Trade: In 2023, Qatar exported $12.1B to South Korea. The main products that Qatar exported to South Korea were Petroleum Gas ($10.6B), Crude Petroleum ($1.07B), and Refined Petroleum ($392M). Over the past 5 years the exports of Qatar to South Korea have decreased at an annualized rate of 5.71%,  from $16.2B in 2018 to $12.1B in 2023.

In 2023, Qatar 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, Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $72.1M and imported $1.19B from Qatar, resulting in a negative trade balance of $1.12B. Between December 2023 and December 2024 the exports of South Korea have increased by $13.6M (23.3%) from $58.5M to $72.1M, while imports increased by $133M (12.6%) from $1.06B to $1.19B.

Trade In December 2024, the top exports of South Korea to Qatar were Machinery, mechanical appliances, & parts ($16.6M), Iron/Steel Articles ($10.9M), Iron & steel ($9.43M), Electrical machinery and electronics ($8.73M), and Cars, tractors, trucks & parts thereof. ($2.35M). In December 2024 the top imports of South Korea from Qatar were Mineral fuels, mineral oils and products... ($1.15B), Aluminum articles ($18.9M), Inorganic chemicals ($13.7M), Fertilizers ($9.93M), and Plastics & articles thereof ($2.02M).

Growth In December 2024, the increase in South Korea's year-by-year exports to Qatar was explained primarily by an increase in product exports in Iron & steel ($5.82M or 161%), Electrical machinery and electronics ($4.92M or 129%), and Machinery, mechanical appliances, & parts ($4.58M or 38%). In December 2024, the increase in South Korea's year-by-year imports  from Qatar was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... ($54.9M or 5.02%), Machinery, mechanical appliances, & parts ($312k or 2.4k%), and Ores, slag and ash ($214k or 95.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$13.6M(23.3%)
IMPORT GROWTH (December 2023 - December 2024)$133M(12.6%)

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

For full datasets download visit Bulk Download page.

Explore Qatar and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $768M to Qatar. The main products exported from South Korea to Qatar were Other Heating Machinery ($116M), Iron Pipes ($92.7M), and Iron Pipe Fittings ($65.9M). During the last 5 years the exports of South Korea to Qatar have increased at an annualized rate of 3.79%, from $638M in 2018 to $768M in 2023.

In 2018, Qatar exported $12.1B to South Korea. The main products exported from Qatar to South Korea were Petroleum Gas ($10.6B), Crude Petroleum ($1.07B), and Refined Petroleum ($392M). During the last 5 years the exports of Qatar to South Korea have decreased at an annualized rate of 5.71%, from $16.2B in 2023 to $12.1B in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Qatar
Top DestinationChina$20.9B

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

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

In 2023, countries that imported more from Qatar than South Korea included Pakistan ($6.52B), Belgium ($5.29B), and Bangladesh ($1.84B).

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

Comparative Advantage South Korea - Qatar

Flow
Scale

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

During 2023, South Korea had a large net trade with Qatar in the exports of Metals ($314M), Machines ($254M), and Transportation ($65.5M).

During 2018, Qatar had a large net trade with South Korea in the exports of Mineral Products ($12.1B), Metals ($2.96M), and Miscellaneous ($659k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Qatar+$55MCars
Top Product Potential Qatar South Korea+$12.9MRaw Aluminium

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms