2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$237BCURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP GROWTH
27%CURRENT US$
Rnk 105 / 186
2022
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GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC
$88,046CURRENT US$
Rnk 6 / 186
2012-2022
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GDP PC GROWTH
-10.2%CURRENT US$
Rnk 163 / 186

About

South Korea-Qatar Trade: In 2022, South Korea exported $586M to Qatar. The main products that South Korea exported to Qatar were Cars ($111M), Other Large Iron Pipes ($41.8M), and Iron Pipes ($29.2M). Over the past 5 years the exports of South Korea to Qatar have decreased at an annualized rate of 0.12%, from $589M in 2017 to $586M in 2022.

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

Qatar-South Korea Trade: In 2022, Qatar exported $10.6B to South Korea. The main products that Qatar exported to South Korea were Petroleum Gas ($7.39B), Refined Petroleum ($2.13B), and Crude Petroleum ($479M). Over the past 5 years the exports of Qatar to South Korea have decreased at an annualized rate of 0.37%,  from $10.8B in 2017 to $10.6B in 2022.

In 2022, Qatar 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, Qatar ranked 71 in the Economic Complexity Index (ECI -0.15), and 38 in total exports ($119B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $586M to Qatar. The main products exported from South Korea to Qatar were Cars ($111M), Other Large Iron Pipes ($41.8M), and Iron Pipes ($29.2M). During the last 5 years the exports of South Korea to Qatar have decreased at an annualized rate of 0.12%, from $589M in 2017 to $586M in 2022.

In 2017, Qatar exported $10.6B to South Korea. The main products exported from Qatar to South Korea were Petroleum Gas ($7.39B), Refined Petroleum ($2.13B), and Crude Petroleum ($479M). During the last 5 years the exports of Qatar to South Korea have decreased at an annualized rate of 0.37%, from $10.8B in 2022 to $10.6B in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Qatar
Top Destination
China$21.1B

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

In 2022, countries that imported more from Qatar than South Korea included Pakistan ($3.62B), Oman ($1.93B), and Belgium ($5.51B).

Difference in imports from Qatar (Flag) and South Korea (Flag) (2022)

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 2022, South Korea had a large net trade with Qatar in the exports of Transportation ($158M), Metals ($140M), and Machines ($124M).

During 2017, Qatar had a large net trade with South Korea in the exports of Mineral Products ($10B), Chemical Products ($300M), and Metals ($268M).

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.

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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 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) (2022)

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