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Pricing

2022
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Exports $2.26BRnk 40 / 220
2022
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Top Product $1.04BCars
2022
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Exports $4.66BRnk 7 / 146
2022
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Top Product $4.39BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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Economic Complexity (ECI) ECI -0.35Rnk 78 / 124
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$221BCURRENT US$
Rnk 53 / 186
2012-2022
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GDP GROWTH6.07%CURRENT US$
Rnk 150 / 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
2022
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GDP PC$11,244CURRENT US$
Rnk 73 / 186
2012-2022
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GDP PC GROWTH-9.23%CURRENT US$
Rnk 161 / 186

About

South Korea-Kazakhstan In 2022, South Korea exported $2.26B to Kazakhstan. The main products that South Korea exported to Kazakhstan are Cars ($1.04B), Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($534M), and Motor vehicles; parts and accessories (8701 to 8705) ($118M). During the last 27 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 14.9%, from $52.8M in 1995 to $2.26B in 2022.

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

Kazakhstan-South Korea In 2022, Kazakhstan exported $4.66B to South Korea. The main products that Kazakhstan exported to South Korea were Crude Petroleum ($4.39B), Radioactive Chemicals ($106M), and Ferroalloys ($88.1M). During the last 27 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 16.9%, from $69.2M in 1995 to $4.66B in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Kazakhstan ranked 78 in the Economic Complexity Index (ECI -0.35), and 45 in total exports ($98.7B).

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $169M and imported $19.4M from Kazakhstan, resulting in a positive trade balance of $150M. Between February 2023 and February 2024 the exports of South Korea have increased by $5.52M (3.37%) from $164M to $169M, while imports decreased by $-343M (-94.6%) from $362M to $19.4M.

Trade In February 2024, the top exports of South Korea to Kazakhstan were Cars, tractors, trucks & parts thereof. ($107M), Machinery, mechanical appliances, & parts ($7.28M), Perfumery & cosmetics ($3.99M), Optical, photo, & film equipment; medical... ($3.47M), and Plastics & articles thereof ($2.56M). In February 2024 the top imports of South Korea from Kazakhstan were Mineral fuels, mineral oils and products... ($266M), Cermet articles ($4.97M), Iron & steel ($3.98M), Inorganic chemicals ($483k), and Animal originated products, n.e.s. ($129k).

Growth In February 2024, the increase in South Korea's year-by-year exports to Kazakhstan was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($74.5M or 230%), Machinery, mechanical appliances, & parts ($3.83M or 111%), and Optical, photo, & film equipment; medical... ($1.64M or 90.2%). In February 2024, the decrease in South Korea's year-by-year imports  from Kazakhstan was explained primarily by an decrease in product imports  in Iron & steel ($-11.7M or -74.6%), Animal originated products, n.e.s. ($-3.25M or -96.2%), and Copper articles ($-124k or -100%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$5.52M(3.37%)
IMPORT GROWTH (February 2023 - February 2024)$-343M(-94.6%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $2.26B to Kazakhstan. The main products exported from South Korea to Kazakhstan were Cars ($1.04B), Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($534M), and Motor vehicles; parts and accessories (8701 to 8705) ($118M). During the last 27 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 14.9%, from $52.8M in 1995 to $2.26B in 2022.

In 2022, Kazakhstan exported $4.66B to South Korea. The main products exported from Kazakhstan to South Korea were Crude Petroleum ($4.39B), Radioactive Chemicals ($106M), and Ferroalloys ($88.1M). During the last 27 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 16.9%, from $69.2M in 1995 to $4.66B in 2022.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Kazakhstan
Top DestinationChina$13.4B

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

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

In 2021, countries that imported more from Kazakhstan than South Korea were Italy ($12.4B), Russia ($8.78B), and Switzerland ($3.74B).

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

Comparative Advantage South Korea - Kazakhstan

Flow
Scale

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

During 2022, South Korea had a large net trade with Kazakhstan in the exports of Transportation ($1.7B), Machines ($254M), and Plastics and Rubbers ($87M).

During 2022, Kazakhstan had a large net trade with South Korea in the exports of Mineral Products ($4.4B), Metals ($132M), and Chemical Products ($106M).

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

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

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