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2023
Flag → Flag
Exports $9.48BRnk 15 / 142
2023
Flag → Flag
Top Product $794MPolycarboxylic Acids
2023
Flag → Flag
Exports $1.01BRnk 53 / 216
2023
Flag → Flag
Top Product $454MVaccines, blood, antisera, toxins and cultures
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
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GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

South Korea-Turkey Trade: In 2023, South Korea exported $9.48B to Turkey. The main products that South Korea exported to Turkey were Polycarboxylic Acids ($794M), Hot-Rolled Iron ($492M), and Cars ($480M). Over the past 5 years the exports of South Korea to Turkey have increased at an annualized rate of 7.38%, from $6.64B in 2018 to $9.48B in 2023.

In 2005, South Korea exported services to Turkey worth $186M, with Transportation ($161M), Other business services ($18.9M), and Travel ($10.6M) being the largest in terms of value.

Turkey-South Korea Trade: In 2023, Turkey exported $1.01B to South Korea. The main products that Turkey exported to South Korea were Vaccines, blood, antisera, toxins and cultures ($454M), Nickel Mattes ($35.7M), and Zinc Ore ($35M). Over the past 5 years the exports of Turkey to South Korea have decreased at an annualized rate of 2.37%,  from $1.14B in 2018 to $1.01B in 2023.

In 2014, Turkey exported services to South Korea worth $2.79M, with Insurance services ($2.79M) being the largest in terms of value.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Latest Trends

January, 2025

About

Overview In January 2025, South Korea exported $651M and imported $107M from Turkey, resulting in a positive trade balance of $544M. Between January 2024 and January 2025 the exports of South Korea have decreased by $-142M (-17.9%) from $793M to $651M, while imports decreased by $-25.9M (-19.5%) from $133M to $107M.

Trade In January 2025, the top exports of South Korea to Turkey were Plastics & articles thereof ($139M), Cars, tractors, trucks & parts thereof. ($129M), Iron & steel ($121M), Organic chemicals ($96.3M), and Machinery, mechanical appliances, & parts ($85.7M). In January 2025 the top imports of South Korea from Turkey were Mineral fuels, mineral oils and products... ($46.4M), Pharmaceutical products ($27.1M), Machinery, mechanical appliances, & parts ($10.4M), Knitted clothing accesories ($6.26M), and Non-knitted clothing accesories ($5.97M).

Growth In January 2025, the decrease in South Korea's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Pharmaceutical products ($-20.3M or -34.1%), Plastics & articles thereof ($-16.5M or -10.6%), and Man-made filaments ($-6.95M or -33.2%). In January 2025, the decrease in South Korea's year-by-year imports  from Turkey was explained primarily by an decrease in product imports  in Pharmaceutical products ($-14.6M or -35.1%), Aircraft and Spacecraft ($-2.38M or -85.8%), and Cars, tractors, trucks & parts thereof. ($-1.96M or -36.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$-142M(-17.9%)
IMPORT GROWTH (January 2024 - January 2025)$-25.9M(-19.5%)

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

For full datasets download visit Bulk Download page.

Explore Turkey and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $9.48B to Turkey. The main products exported from South Korea to Turkey were Polycarboxylic Acids ($794M), Hot-Rolled Iron ($492M), and Cars ($480M). During the last 5 years the exports of South Korea to Turkey have increased at an annualized rate of 7.38%, from $6.64B in 2018 to $9.48B in 2023.

In 2018, Turkey exported $1.01B to South Korea. The main products exported from Turkey to South Korea were Vaccines, blood, antisera, toxins and cultures ($454M), Nickel Mattes ($35.7M), and Zinc Ore ($35M). During the last 5 years the exports of Turkey to South Korea have decreased at an annualized rate of 2.37%, from $1.14B in 2023 to $1.01B in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from South Korea than Turkey included China ($162B), United States ($118B), and Chinese Taipei ($28.2B).

In 2023, countries that imported more from Turkey than South Korea included Iraq ($12.8B), Russia ($10.8B), and Germany ($24.7B).

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

Comparative Advantage South Korea - Turkey

Flow
Scale

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

During 2023, South Korea had a large net trade with Turkey in the exports of Metals ($2.09B), Machines ($1.92B), and Plastics and Rubbers ($1.88B).

During 2018, Turkey had a large net trade with South Korea in the exports of Chemical Products ($485M), Machines ($106M), and Foodstuffs ($78.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Turkey+$239MCars
Top Product Potential Turkey South Korea+$37.2MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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