South Korea (KOR) and Kyrgyzstan (KGZ) Trade | The Observatory of Economic Complexity

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South Korea (KOR) and Kyrgyzstan (KGZ) Trade

2022

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Exports $359MRnk 80 / 220

2022

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About

South Korea-Kyrgyzstan In 2022, South Korea exported $359M to Kyrgyzstan. The main products that South Korea exported to Kyrgyzstan are Cars ($219M), Beauty Products ($47.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.9M). During the last 27 years the exports of South Korea to Kyrgyzstan have increased at an annualized rate of 17.5%, from $4.64M in 1995 to $359M in 2022.

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

Kyrgyzstan-South Korea In 2022, Kyrgyzstan exported $1.19M to South Korea. The main products that Kyrgyzstan exported to South Korea were Refined Petroleum ($523k), Dried Vegetables ($183k), and Honey ($153k). During the last 27 years the exports of Kyrgyzstan to South Korea have decreased at an annualized rate of 1.41%, from $1.75M in 1995 to $1.19M in 2022.

In 2009, Kyrgyzstan exported services to South Korea worth $0, with 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, Kyrgyzstan ranked 70 in the Economic Complexity Index (ECI -0.12), and 141 in total exports ($2.5B).

Latest Trends

March, 2024

About

Overview In March 2024, South Korea exported $98.9M and imported $7k from Kyrgyzstan, resulting in a positive trade balance of $98.9M. Between March 2023 and March 2024 the exports of South Korea have increased by $15.7M (18.9%) from $83.2M to $98.9M, while imports decreased by $-76k (-91.6%) from $83k to $7k.

Trade In March 2024, the top exports of South Korea to Kyrgyzstan were Cars, tractors, trucks & parts thereof. ($41.4M), Perfumery & cosmetics ($3.8M), Machinery, mechanical appliances, & parts ($1.02M), Electrical machinery and electronics ($488k), and Knitted clothing accesories ($430k). In March 2024 the top imports of South Korea from Kyrgyzstan were Edible products of animal origin, n.e.s. ($1k), Oils seeds, oleaginous fruits, grains, straw... ($0), Animal or vegetable fats, oils, &... ($0), Preparations of cereals, flour, starch or... ($0), and Preparations of vegetables, fruit, nuts or... ($0).

Growth In March 2024, the increase in South Korea's year-by-year exports to Kyrgyzstan was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($37.8M or 1.08k%), Perfumery & cosmetics ($399k or 11.7%), and Knitted fabrics ($225k or 164%). In March 2024, the decrease in South Korea's year-by-year imports from Kyrgyzstan was explained primarily by an decrease in product imports in Edible products of animal origin, n.e.s. ($-3k or -75%) and Machinery, mechanical appliances, & parts ($-1k or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$15.7M(18.9%)

IMPORT GROWTH (March 2023 - March 2024)$-76k(-91.6%)

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 Kyrgyzstan and South Korea trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $359M to Kyrgyzstan. The main products exported from South Korea to Kyrgyzstan were Cars ($219M), Beauty Products ($47.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.9M). During the last 27 years the exports of South Korea to Kyrgyzstan have increased at an annualized rate of 17.5%, from $4.64M in 1995 to $359M in 2022.

In 2022, Kyrgyzstan exported $1.19M to South Korea. The main products exported from Kyrgyzstan to South Korea were Refined Petroleum ($523k), Dried Vegetables ($183k), and Honey ($153k). During the last 27 years the exports of Kyrgyzstan to South Korea have decreased at an annualized rate of 1.41%, from $1.75M in 1995 to $1.19M in 2022.

Exports from South Korea () to Kyrgyzstan () (2022)

Exports from Kyrgyzstan () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Kyrgyzstan
Top DestinationRussia$1.07B

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

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

In 2021, countries that imported more from Kyrgyzstan than South Korea were Afghanistan ($21.6M), North Korea ($15k), and Anguilla ($175k).

Difference in imports from Kyrgyzstan () and South Korea () (2022)

Comparative Advantage South Korea - Kyrgyzstan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Kyrgyzstan in the exports of Transportation ($247M), Chemical Products ($55.2M), and Machines ($28.4M).

During 2022, Kyrgyzstan had a large net trade with South Korea in the exports of Mineral Products ($571k), Vegetable Products ($275k), and Animal Products ($153k).

Service Trade

Bilateral Service Trade

Kgz Year

In 2009, Kyrgyzstan exported services to South Korea worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Kyrgyzstan () to South Korea () (2009)

Economic Complexity

Competitive Landscape

Year

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

Product Space of South Korea () and Kyrgyzstan () (2022)

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