Last Update: Nov 05, 2022.

Submitted by: Jerrilyn Furtek
Score: 78/100 (75 votes)


Does South Korea trade with Iran?

South Korea Exports to Iran was US$177.56 Million during 2021, according to the United Nations COMTRADE database on international trade. South Korea Exports to Iran - data, historical chart and statistics - was last updated on November of 2022. Base metals not specified elsewhere, cermets.

Throughout history, the two countries have maintained a normal relationship despite South Korea's close relationship with the United States, and Iran's close relationship with North Korea (making Iran one of the few countries in the world which maintains good relations with both North Korea and South Korea).

Throughout history, the two countries have maintained a normal relationship despite South Korea's close relationship with the United States, and Iran's close relationship with North Korea (making Iran one of the few countries in the world which maintains good relations with both North Korea and South Korea).

Throughout history, the two countries have maintained a normal relationship despite South Korea's close relationship with the United States, and Iran's close relationship with North Korea (making Iran one of the few countries in the world which maintains good relations with both North Korea and South Korea).

South Korea (KOR) And Iran (IRN) Trade

Overview In August 2022, South Korea exported $11.4M and imported $308k from Iran, resulting in a positive trade balance of $11.1M. Between August 2021 and August 2022 the exports of South Korea have increased by $848k (8.02%) from $10.6M to $11.4M, while imports decreased by $-88k (-22.2%) from $396k to $308k.

South Korea (KOR) And Iran (IRN) Trade

While Iran and South Korea are generally friendly, the two countries nonetheless have sporadic tensions.

While Iran and South Korea are generally friendly, the two countries nonetheless have sporadic tensions.

Throughout history, the two countries have maintained a normal relationship despite South Korea's close relationship with the United States, and Iran's close relationship with North Korea (making Iran one of the few countries in the world which maintains good relations with both North Korea and South Korea).

Foreign Relations Of South Korea

Free trade agreements
South Korea-ASEAN (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam) FTA.South Korea-Australia FTA.South Korea-Canada CKFTA FTA.South Korea Central America (Costa Rica, El Salvador, Honduras, Nicaragua, Panama) FTA.South Korea-Chile FTA.

Foreign Relations Of South Korea

Asia
Iran.Japan.Qatar (Host)Saudi Arabia.South Korea.

Trade increased to the point where South Korea became North Korea's largest trading partner.

South Korea has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. South Korea is a member of the Asia-Pacific Economic Cooperation (APEC) and the Asia-Pacific Trade Agreement (APTA).

What Countries Are Friendly To Korea?

Most alliances between South Korea and the rest of the world are based on mutual trade interests, culture, etc. That being said, except Cuba, North Korea (changing), Macedonia, and Syria, South Korea has a good relationship with pretty much every recognized country in the world, which is quite impressive.

What Countries Are Friendly To Korea?

The United States of America designates both nations as State Sponsors of Terrorism, and they reciprocate this shared enmity. Despite this, Iran is one of the few countries in the world that has a good relationship with both North and South Korea.

The top 10 largest militaries based on active personnel:
China - 2,000,000.India - 1,450,000.United States - 1,390,000.North Korea - 1,200,000.Russia - 850,000.Pakistan - 640,000.Iran - 575,000.South Korea - 555,000.