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Trade between Pakistan and South Korea

In 2024, Pakistan exported $303 million to South Korea and imported $961 million. Pakistan ran a deficit of $658 million with South Korea, compared with a deficit of $471 million in 2019. South Korea was Pakistan’s 20th largest trading partner (1% of its trade), and Pakistan was South Korea’s 64th (0.1%).

Summary

Pakistan → South Korea
$303million
South Korea → Pakistan
$961million
Pakistan’s balance
-$658million

Balance

Pakistan’s trade balance with South Korea

Trade between Pakistan and South Korea grew 2-fold since 1995

USD billions (current). Pakistan’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.3
  • Imports 1
  • Balance -0.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$279 million$358 million-$79 million
1996$283 million$358 million-$75 million
1997$222 million$359 million-$137 million
1998$145 million$342 million-$197 million
1999$211 million$338 million-$127 million
2000$263 million$404 million-$141 million
2001$320 million$355 million-$35 million
2002$267 million$405 million-$138 million
2003$252 million$454 million-$201 million
2004$292 million$539 million-$247 million
2005$338 million$786 million-$448 million
2006$368 million$738 million-$370 million
2007$504 million$742 million-$238 million
2008$644 million$895 million-$250 million
2009$394 million$766 million-$372 million
2010$414 million$884 million-$470 million
2011$773 million$969 million-$196 million
2012$810 million$830 million-$20 million
2013$538 million$1 billion-$494 million
2014$426 million$746 million-$320 million
2015$311 million$875 million-$564 million
2016$310 million$914 million-$604 million
2017$437 million$1.1 billion-$640 million
2018$388 million$1.1 billion-$740 million
2019$422 million$893 million-$471 million
2020$239 million$1.2 billion-$926 million
2021$356 million$1.4 billion-$1.1 billion
2022$493 million$1.3 billion-$828 million
2023$267 million$903 million-$635 million
2024$303 million$961 million-$658 million

What they sell each other

What Pakistan sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$79 million · 26.3%
    115 thousand tonnes · South Korea’s sources
  2. Molasses$32 million · 10.5%
    134 thousand tonnes
  3. Steatite and talc$15 million · 5%
    89 thousand tonnes
  4. Lightweight cotton fabric$15 million · 5%
    5 thousand tonnes
  5. Sweaters and pullovers$12 million · 4%
    383 tonnes
  6. Ethyl alcohol (ethanol)$12 million · 4%
    14 thousand tonnes
  7. Cotton yarn$11 million · 3.5%
    3 thousand tonnes
  8. Other oilseeds$11 million · 3.5%
    6 thousand tonnes
  9. 187 tonnes
  10. Sports equipment$8 million · 2.6%
    384 tonnes

What South Korea sells to Pakistan

The top 10 headings in 2024, with their share of the total.

  1. Cars$175 million · 18.3%
    11 thousand tonnes · South Korea’s destinations
  2. Refined petroleum$88 million · 9.1%
    109 thousand tonnes · South Korea’s destinations
  3. Synthetic dyes$61 million · 6.3%
    10 thousand tonnes
  4. Polypropylene$41 million · 4.2%
    38 thousand tonnes · South Korea’s destinations
  5. Bulldozers and excavators$39 million · 4.1%
    7 thousand tonnes · South Korea’s destinations
  6. Pesticides and herbicides$26 million · 2.7%
    961 tonnes
  7. Polyethylene$22 million · 2.3%
    16 thousand tonnes · South Korea’s destinations
  8. Coal tar oils$22 million · 2.3%
    18 thousand tonnes
  9. Trucks$20 million · 2.1%
    3 thousand tonnes · South Korea’s destinations
  10. Used clothing$20 million · 2.1%
    37 thousand tonnes

How it travels

Estimated sea route from Karachi to Busan.

The estimated sea route between Karachi and Busan is 5,520 nautical miles (10,223 km) long: ≈ 13–16.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Malacca and Singapore.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.2 billion · 96.8%
  2. Air$41 million · 3.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Pakistan’s 20th largest trading partner (1% of its trade), and Pakistan was South Korea’s 64th (0.1%).

South Korea in Pakistan’s trade
1.3%
South Korea’s rank among Pakistan’s partners
20th
Pakistan in South Korea’s trade
0.1%
Pakistan’s rank among South Korea’s partners
64th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.