Saudi Arabia / South Korea

Saudi Arabia-South Korea Trade: In 2022, Saudi Arabia exported $36B to South Korea. The main products that Saudi Arabia exported to South Korea were Crude Petroleum ($32.5B), Refined Petroleum ($1.77B), and Ammonia ($464M). Over the past 5 years the exports of Saudi Arabia to South Korea have increased at an annualized rate of 15.4%, from $17.6B in 2017 to $36B in 2022.

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

South Korea-Saudi Arabia Trade: In 2022, South Korea exported $4.87B to Saudi Arabia. The main products that South Korea exported to Saudi Arabia were Cars ($1.26B), Passenger and Cargo Ships ($373M), and Explosive Ammunition ($195M). Over the past 5 years the exports of South Korea to Saudi Arabia have decreased at an annualized rate of 2.39%,  from $5.49B in 2017 to $4.87B in 2022.

In 2005, South Korea exported services to Saudi Arabia worth $681M, with Services not allocated ($541M), Transportation ($121M), and Other business services ($14.5M) being the largest in terms of value.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).