2023
Flag  
GDP
$213BCURRENT US$
Rnk 55 / 195
2013-2023
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GDP GROWTH
7.18%CURRENT US$
Rnk 163 / 195
2023
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 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
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GDP PC 
$80,196CURRENT US$
Rnk 10 / 195
2013-2023
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GDP PC GROWTH
-22.7%CURRENT US$
Rnk 182 / 195
2023
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GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
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GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

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.

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.

Comparison: In 2023,  Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $12.1B in 2023.

In 2018, 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 2023 to $768M in 2018.

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

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

Latest Data

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

Qatar Exports

South Korea Exports

Market Competitiveness

Color
Qatar
Top Destination
China$20.9B
South Korea
Top Destination
China$162B

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

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

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

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

Comparative Advantage Qatar - South Korea

Flow
Scale

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

During 2023, Qatar had a large net trade with South Korea in the exports of Mineral Products ($12.1B), Metals ($2.96M), and Miscellaneous ($659k).

During 2018, South Korea had a large net trade with Qatar in the exports of Metals ($314M), Machines ($254M), and Transportation ($65.5M).

Potential Exports

Potential Exports

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

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 Qatar and South Korea. This means that a dot/product with the flag of Qatar 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 Qatar.

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

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