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Pricing

2022
Flag → Flag
Exports $2.26BRnk 40 / 220
2022
Flag → Flag
Top Product $1.04BCars
2022
Flag → Flag
Exports $4.66BRnk 7 / 146
2022
Flag → Flag
Top Product $4.39BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI -0.17Rnk 73 / 133
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 Trade: In 2022, South Korea exported $2.26B to Kazakhstan. The main products that South Korea exported 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). Over the past 5 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 29.9%, from $613M in 2017 to $2.26B in 2022.

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

Kazakhstan-South Korea Trade: 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). Over the past 5 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 27.6%,  from $1.38B in 2017 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 1.78), and 5 in total exports ($705B). That same year, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $188M and imported $43.8M from Kazakhstan, resulting in a positive trade balance of $144M. Between July 2023 and July 2024 the exports of South Korea have increased by $25.9M (16%) from $162M to $188M, while imports decreased by $-212M (-82.8%) from $256M to $43.8M.

Trade In July 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 July 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 July 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... ($1.64M or 90.2%). In July 2024, the decrease in South Korea's year-by-year imports  from Kazakhstan was explained primarily by an decrease in product imports  in Iron & steel ($-11.7M or -74.6%), Animal originated products, n.e.s. ($-3.25M or -96.2%), and Copper articles ($-124k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$25.9M(16%)
IMPORT GROWTH (July 2023 - July 2024)$-212M(-82.8%)

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.

Explore Kazakhstan and South Korea Data

Go to Bulk Download

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 5 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 29.9%, from $613M in 2017 to $2.26B in 2022.

In 2017, 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 5 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 27.6%, from $1.38B in 2022 to $4.66B in 2017.

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 2022, countries that imported more from South Korea than Kazakhstan included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Kazakhstan than South Korea included 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 2017, Kazakhstan had a large net trade with South Korea in the exports of Mineral Products ($4.4B), Metals ($132M), and Chemical Products ($106M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Kazakhstan+$42.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Kazakhstan South Korea+$60MFerroalloys

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Kazakhstan. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Kazakhstan. Similarly, a dot/product with the flag of Kazakhstan indicates it has a comparative advantage over South Korea.

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

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