2022
Flag  
GDP
$19.1BCURRENT US$
Rnk 118 / 186
2012-2022
Flag
GDP GROWTH
56.5%CURRENT US$
Rnk 47 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$3,789CURRENT US$
Rnk 123 / 186
2012-2022
Flag
GDP PC GROWTH
23.5%CURRENT US$
Rnk 75 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Palestine-South Korea Trade: In 2022, Palestine exported $2.25M to South Korea. The main products that Palestine exported to South Korea were Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k). Over the past 5 years the exports of Palestine to South Korea have increased at an annualized rate of 1.64%, from $2.08M in 2017 to $2.25M in 2022.

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

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 1.65%,  from $125M in 2017 to $94M in 2022.

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

Comparison In 2022,  Palestine ranked 150 in total exports ($1.61B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Palestine exported $2.25M to South Korea. The main products exported from Palestine to South Korea were Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k). During the last 5 years the exports of Palestine to South Korea have increased at an annualized rate of 1.64%, from $2.08M in 2017 to $2.25M in 2022.

In 2017, 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 1.65%, from $125M in 2022 to $94M in 2017.

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

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

Latest Data

Trade between Palestine (Flag) and South Korea (Flag)

Palestine Exports

South Korea Exports

Market Competitiveness

Color
Palestine
Top Destination
Israel$1.3B
South Korea
Top Destination
China$150B

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

In 2022, no countries were registered that imported more from Palestine than from South Korea.

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

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

Comparative Advantage Palestine - South Korea

Flow
Scale

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

During 2022, Palestine had a large net trade with South Korea in the exports of Animal and Vegetable Bi-Products ($781k), Footwear and Headwear ($655k), and Vegetable Products ($622k).

During 2017, 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 Palestine and South Korea. This means that a dot/product with the flag of Palestine indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Palestine.

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

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