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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2022
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 GDP
$522BCURRENT US$
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2012-2022
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GDP GROWTH
99%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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2022
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GDP PC
$54,660CURRENT US$
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2012-2022
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GDP PC GROWTH
64.9%CURRENT US$
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About

South Korea-Israel In 2022, South Korea exported $2.42B to Israel. The main products that South Korea exported to Israel are Cars ($1.21B), Broadcasting Equipment ($184M), and Integrated Circuits ($76.4M). During the last 27 years the exports of South Korea to Israel have increased at an annualized rate of 6.07%, from $493M in 1995 to $2.42B in 2022.

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

Israel-South Korea In 2022, Israel exported $1.56B to South Korea. The main products that Israel exported to South Korea were Other Measuring Instruments ($406M), Non-optical Microscopes ($115M), and Chemical Analysis Instruments ($108M). During the last 27 years the exports of Israel to South Korea have increased at an annualized rate of 5.74%, from $344M in 1995 to $1.56B in 2022.

In 2012, Israel exported services to South Korea worth $6.9M, with Computer and information services ($6.9M) being the largest in terms of value.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $2.42B to Israel. The main products exported from South Korea to Israel were Cars ($1.21B), Broadcasting Equipment ($184M), and Integrated Circuits ($76.4M). During the last 27 years the exports of South Korea to Israel have increased at an annualized rate of 6.07%, from $493M in 1995 to $2.42B in 2022.

In 2022, Israel exported $1.56B to South Korea. The main products exported from Israel to South Korea were Other Measuring Instruments ($406M), Non-optical Microscopes ($115M), and Chemical Analysis Instruments ($108M). During the last 27 years the exports of Israel to South Korea have increased at an annualized rate of 5.74%, from $344M in 1995 to $1.56B in 2022.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Israel
Top Destination
United States$20.3B

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

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

In 2021, countries that imported more from Israel than South Korea were Palestine ($4.6B), Ireland ($3.86B), and Cyprus ($827M).

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

Comparative Advantage South Korea - Israel

Flow
Scale

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

During 2022, South Korea had a large net trade with Israel in the exports of Transportation ($1.3B), Machines ($655M), and Plastics and Rubbers ($195M).

During 2022, Israel had a large net trade with South Korea in the exports of Instruments ($757M), Machines ($314M), and Chemical Products ($233M).

Service Trade

Bilateral Service Trade

In 2012, Israel exported services to South Korea worth $6.9M, with Computer and information services ($6.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Israel (Flag) to South Korea (Flag) (2012)

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 South Korea has comparative advantage over Israel. Similarly, the more yellow a dot/product is, the more Israel has comparative advantage over South Korea.

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

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