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2022
Flag → Flag
Exports $5.88BRnk 21 / 224
2022
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Top Product $968MCrude Petroleum
2022
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Exports $7.08BRnk 20 / 220
2022
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Top Product $2.25BCars
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
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 PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

About

United Kingdom-South Korea In 2022, United Kingdom exported $5.88B to South Korea. The main products that United Kingdom exported to South Korea are Crude Petroleum ($968M), Cars ($642M), and Platinum ($395M). During the last 27 years the exports of United Kingdom to South Korea have increased at an annualized rate of 3.5%, from $2.32B in 1995 to $5.88B in 2022.

In 2019, United Kingdom exported services to South Korea worth $2.87B, with Other business services ($1.38B), Transportation ($384M), and Royalties and license fees ($334M) being the largest in terms of value.

South Korea-United Kingdom In 2022, South Korea exported $7.08B to United Kingdom. The main products that South Korea exported to United Kingdom were Cars ($2.25B), Broadcasting Equipment ($563M), and Platinum ($295M). During the last 27 years the exports of South Korea to United Kingdom have increased at an annualized rate of 3.25%, from $2.98B in 1995 to $7.08B in 2022.

In 2005, South Korea exported services to United Kingdom worth $1.82B, with Transportation ($656M), Other business services ($515M), and Services not allocated ($409M) being the largest in terms of value.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Latest Trends

February, 2024

About

Overview In February 2024, United Kingdom exported £326M and imported £388M from South Korea, resulting in a negative trade balance of £61.9M. Between February 2023 and February 2024 the exports of United Kingdom have decreased by £-52.7M (-13.9%) from £379M to £326M, while imports decreased by £-6.13M (-1.55%) from £394M to £388M.

Trade In February 2024, the top exports of United Kingdom to South Korea were Vaccines, blood, antisera, toxins and cultures (£219M), Cars (£41.8M), Platinum (£22.8M), Gas Turbines (£20.8M), and Knit Sweaters (£15.4M). In February 2024 the top imports of United Kingdom from South Korea were Cars (£48.1M), Gas Turbines (£22M), Aircraft parts including unmanned craft (£18.7M), Platinum (£17.7M), and Electric Batteries (£14.3M).

Origins In February 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£162M), Southampton (£71.8M), Prestwick Airport (£17.6M), London Gateway (£16.8M), and Felixstowe (£15M), while imports destinations were mainly Immingham (£114M), London Heathrow Airport (£77.8M), Southampton (£34.6M), and Felixstowe (£29.5M).

Growth In February 2024, the decrease in United Kingdom's year-by-year exports to South Korea was explained primarily by an decrease in product exports in Paintings (£-8.13M or -77.3%), Aircraft parts including unmanned craft (£-7.89M or -78.8%), and Compasses (£-5.93M or -98.4%). In February 2024, the decrease in United Kingdom's year-by-year imports  from South Korea was explained primarily by an decrease in product imports  in Cars (£-85.8M or -64.1%), Refined Petroleum (£-49.9M or -99.5%), and Coated Flat-Rolled Iron (£-23.8M or -80.3%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)£-52.7M(-13.9%)
IMPORT GROWTH (February 2023 - February 2024)£-6.13M(-1.55%)
MAIN EXPORTER (February 2024)London Heathrow Airport£162M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check South Korea and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Korea and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $5.88B to South Korea. The main products exported from United Kingdom to South Korea were Crude Petroleum ($968M), Cars ($642M), and Platinum ($395M). During the last 27 years the exports of United Kingdom to South Korea have increased at an annualized rate of 3.5%, from $2.32B in 1995 to $5.88B in 2022.

In 2022, South Korea exported $7.08B to United Kingdom. The main products exported from South Korea to United Kingdom were Cars ($2.25B), Broadcasting Equipment ($563M), and Platinum ($295M). During the last 27 years the exports of South Korea to United Kingdom have increased at an annualized rate of 3.25%, from $2.98B in 1995 to $7.08B in 2022.

Exports from United Kingdom (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
South Korea
Top DestinationChina$150B

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

In 2021, countries that imported more from United Kingdom than South Korea were Netherlands ($41.9B), Ireland ($32.6B), and Germany ($40.6B).

In 2021, countries that imported more from South Korea than United Kingdom were China ($150B), Vietnam ($60.7B), and United States ($112B).

Difference in imports from South Korea (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - South Korea

Flow
Scale

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

During 2022, United Kingdom had a large net trade with South Korea in the exports of Machines ($1.14B), Mineral Products ($983M), and Transportation ($806M).

During 2022, South Korea had a large net trade with United Kingdom in the exports of Transportation ($2.7B), Machines ($1.9B), and Chemical Products ($489M).

Service Trade

Bilateral Service Trade

In 2019, United Kingdom exported services to South Korea worth $2.87B, with Other business services ($1.38B), Transportation ($384M), and Royalties and license fees ($334M) being the largest in terms of value.

In 2005, South Korea exported services to United Kingdom worth $1.82B, with Transportation ($656M), Other business services ($515M), and Services not allocated ($409M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to South Korea (Flag) (2019)

Services Exports from South Korea (Flag) to United Kingdom (Flag) (2005)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and South Korea (Flag) (2022)

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