2022
Flag  
GDP
$80.4BCURRENT US$
Rnk 72 / 186
2012-2022
Flag
GDP GROWTH
19.1%CURRENT US$
Rnk 123 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$2,255CURRENT US$
Rnk 143 / 186
2012-2022
Flag
GDP PC GROWTH
-0.55%CURRENT US$
Rnk 146 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Uzbekistan-South Korea Trade: In 2022, Uzbekistan exported $31.3M to South Korea. The main products that Uzbekistan exported to South Korea were Refractory Cements ($5.7M), Recovered Paper Pulp ($5.41M), and Non-Retail Pure Cotton Yarn ($2.46M). Over the past 5 years the exports of Uzbekistan to South Korea have decreased at an annualized rate of 7.53%, from $46.3M in 2017 to $31.3M in 2022.

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

South Korea-Uzbekistan Trade: In 2022, South Korea exported $2.26B to Uzbekistan. The main products that South Korea exported to Uzbekistan were Motor vehicles; parts and accessories (8701 to 8705) ($942M), Cars ($405M), and Engine Parts ($72.4M). Over the past 5 years the exports of South Korea to Uzbekistan have increased at an annualized rate of 12.6%,  from $1.25B in 2017 to $2.26B in 2022.

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

Comparison: In 2022,  Uzbekistan ranked 79 in the Economic Complexity Index (ECI -0.28), and 83 in total exports ($16.9B). 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, Uzbekistan exported $31.3M to South Korea. The main products exported from Uzbekistan to South Korea were Refractory Cements ($5.7M), Recovered Paper Pulp ($5.41M), and Non-Retail Pure Cotton Yarn ($2.46M). During the last 5 years the exports of Uzbekistan to South Korea have decreased at an annualized rate of 7.53%, from $46.3M in 2017 to $31.3M in 2022.

In 2017, South Korea exported $2.26B to Uzbekistan. The main products exported from South Korea to Uzbekistan were Motor vehicles; parts and accessories (8701 to 8705) ($942M), Cars ($405M), and Engine Parts ($72.4M). During the last 5 years the exports of South Korea to Uzbekistan have increased at an annualized rate of 12.6%, from $1.25B in 2022 to $2.26B in 2017.

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

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

Latest Data

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

Uzbekistan Exports

South Korea Exports

Market Competitiveness

Color
Uzbekistan
Top Destination
Switzerland$4.29B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Uzbekistan than South Korea included Switzerland ($4.29B), Kyrgyzstan ($926M), and Afghanistan ($525M).

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

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

Comparative Advantage Uzbekistan - South Korea

Flow
Scale

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

During 2022, Uzbekistan had a large net trade with South Korea in the exports of Chemical Products ($8.78M), Textiles ($6.5M), and Paper Goods ($5.41M).

During 2017, South Korea had a large net trade with Uzbekistan in the exports of Transportation ($1.36B), Machines ($437M), and Plastics and Rubbers ($188M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uzbekistan South Korea+$3.47MComputers
Top Product Potential South Korea Uzbekistan+$15.7MRefined Petroleum

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 Uzbekistan and South Korea. This means that a dot/product with the flag of Uzbekistan indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Uzbekistan.

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

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