2022
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GDP
$389BCURRENT US$
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2012-2022
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GDP GROWTH
-39.7%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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GDP PC 
$4,388CURRENT US$
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2012-2022
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GDP PC GROWTH
-47.3%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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About

Iran-South Korea In 2022, Iran exported $10.5M to South Korea. The main products that Iran exported to South Korea are Raw Lead ($4.04M), Compasses ($2.06M), and Navigation Equipment ($633k). During the last 27 years the exports of Iran to South Korea have decreased at an annualized rate of 15.8%, from $1.09B in 1995 to $10.5M in 2022.

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

South Korea-Iran In 2022, South Korea exported $195M to Iran. The main products that South Korea exported to Iran were Orthopedic Appliances ($18.5M), Motor vehicles; parts and accessories (8701 to 8705) ($10.1M), and Liquid Pumps ($9.23M). During the last 27 years the exports of South Korea to Iran have decreased at an annualized rate of 2.16%, from $352M in 1995 to $195M in 2022.

In 2005, South Korea exported services to Iran worth $404M, with Services not allocated ($263M), Transportation ($121M), and Other business services ($10.7M) being the largest in terms of value.

Comparison In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $10.5M to South Korea. The main products exported from Iran to South Korea were Raw Lead ($4.04M), Compasses ($2.06M), and Navigation Equipment ($633k). During the last 27 years the exports of Iran to South Korea have decreased at an annualized rate of 15.8%, from $1.09B in 1995 to $10.5M in 2022.

In 2022, South Korea exported $195M to Iran. The main products exported from South Korea to Iran were Orthopedic Appliances ($18.5M), Motor vehicles; parts and accessories (8701 to 8705) ($10.1M), and Liquid Pumps ($9.23M). During the last 27 years the exports of South Korea to Iran have decreased at an annualized rate of 2.16%, from $352M in 1995 to $195M in 2022.

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

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

Latest Data

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

South Korea Exports

Market Competitiveness

Color
Iran
Top Destination
China$5.72B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Iran than South Korea were Armenia ($557M), Kuwait ($960M), and Azerbaijan ($454M).

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

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

Comparative Advantage Iran - South Korea

Flow
Scale

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

During 2022, Iran had a large net trade with South Korea in the exports of Metals ($4.21M), Instruments ($2.06M), and Mineral Products ($896k).

During 2022, South Korea had a large net trade with Iran in the exports of Machines ($83.9M), Instruments ($33.2M), and Metals ($24M).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Iran worth $404M, with Services not allocated ($263M), Transportation ($121M), and Other business services ($10.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Iran (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 Iran has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Iran.

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

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