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2022
Flag → Flag
Exports $328MRnk 82 / 220
2022
Flag → Flag
Top Product $54.9MCars
2022
Flag → Flag
Exports $284MRnk 30 / 191
2022
Flag → Flag
Top Product $175MCorn
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 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$4,534CURRENT US$
Rnk 115 / 186
2012-2022
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GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

South Korea-Ukraine Trade: In 2022, South Korea exported $328M to Ukraine. The main products that South Korea exported to Ukraine were Cars ($54.9M), Delivery Trucks ($31.3M), and Beauty Products ($23.5M). Over the past 5 years the exports of South Korea to Ukraine have increased at an annualized rate of 1.09%, from $311M in 2017 to $328M in 2022.

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

Ukraine-South Korea Trade: In 2022, Ukraine exported $284M to South Korea. The main products that Ukraine exported to South Korea were Corn ($175M), Electric Heaters ($26M), and Hydrogen ($25.1M). Over the past 5 years the exports of Ukraine to South Korea have decreased at an annualized rate of 2.52%,  from $322M in 2017 to $284M in 2022.

In 2022, Ukraine 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, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $34.8M and imported $23.1M from Ukraine, resulting in a positive trade balance of $11.7M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-7.66M (-18%) from $42.5M to $34.8M, while imports increased by $6.9M (42.7%) from $16.2M to $23.1M.

Trade In September 2024, the top exports of South Korea to Ukraine were Cars, tractors, trucks & parts thereof. ($9.4M), Perfumery & cosmetics ($4.08M), Optical, photo, & film equipment; medical... ($1.33M), Wadding, felt, nonwovens, twin, ropes, &... ($925k), and Pharmaceutical products ($525k). In September 2024 the top imports of South Korea from Ukraine were Cereals ($90.1M), Inorganic chemicals ($1.37M), Food residues & wastes; animal fodder ($665k), Non-knitted clothing accesories ($563k), and Electrical machinery and electronics ($516k).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Ukraine was explained primarily by an decrease in product exports in Plastics & articles thereof ($-6.3M or -97.2%), Machinery, mechanical appliances, & parts ($-5.81M or -95.5%), and Iron & steel ($-4.84M or -90.8%). In September 2024, the increase in South Korea's year-by-year imports  from Ukraine was explained primarily by an increase in product imports  in Cereals ($10.9M or 13.7%), Machinery, mechanical appliances, & parts ($392k or 445%), and Non-knitted clothing accesories ($379k or 206%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-7.66M(-18%)
IMPORT GROWTH (September 2023 - September 2024)$6.9M(42.7%)

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

For full datasets download visit Bulk Download page.

Explore Ukraine and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $328M to Ukraine. The main products exported from South Korea to Ukraine were Cars ($54.9M), Delivery Trucks ($31.3M), and Beauty Products ($23.5M). During the last 5 years the exports of South Korea to Ukraine have increased at an annualized rate of 1.09%, from $311M in 2017 to $328M in 2022.

In 2017, Ukraine exported $284M to South Korea. The main products exported from Ukraine to South Korea were Corn ($175M), Electric Heaters ($26M), and Hydrogen ($25.1M). During the last 5 years the exports of Ukraine to South Korea have decreased at an annualized rate of 2.52%, from $322M in 2022 to $284M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Ukraine
Top DestinationPoland$6.7B

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

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

In 2022, countries that imported more from Ukraine than South Korea included Romania ($3.94B), Bulgaria ($1.48B), and Moldova ($929M).

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

Comparative Advantage South Korea - Ukraine

Flow
Scale

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

During 2022, South Korea had a large net trade with Ukraine in the exports of Transportation ($98.5M), Chemical Products ($64M), and Machines ($53.3M).

During 2017, Ukraine had a large net trade with South Korea in the exports of Vegetable Products ($191M), Machines ($29.1M), and Chemical Products ($28.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Ukraine+$45.1MCars
Top Product Potential Ukraine South Korea+$23.9MWheat

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

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

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