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
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Aruba-South Korea Trade: In 2022, Aruba exported $13.8k to South Korea. The main products that Aruba exported to South Korea were Refined Petroleum ($10.5k), Non-Knit Active Wear ($1.05k), and Used Clothing ($681). Over the past 5 years the exports of Aruba to South Korea have decreased at an annualized rate of 74.8%, from $13.5M in 2017 to $13.8k in 2022.

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

South Korea-Aruba Trade: In 2022, South Korea exported $26.1M to Aruba. The main products that South Korea exported to Aruba were Cars ($10.5M), Rolled Tobacco ($10.3M), and Delivery Trucks ($2.3M). Over the past 5 years the exports of South Korea to Aruba have increased at an annualized rate of 8.98%,  from $17M in 2017 to $26.1M in 2022.

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

Comparison In 2022,  Aruba ranked 194 in total exports ($123M), and does not have data regarding Economic Complexity Index. 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, Aruba exported $13.8k to South Korea. The main products exported from Aruba to South Korea were Refined Petroleum ($10.5k), Non-Knit Active Wear ($1.05k), and Used Clothing ($681). During the last 5 years the exports of Aruba to South Korea have decreased at an annualized rate of 74.8%, from $13.5M in 2017 to $13.8k in 2022.

In 2017, South Korea exported $26.1M to Aruba. The main products exported from South Korea to Aruba were Cars ($10.5M), Rolled Tobacco ($10.3M), and Delivery Trucks ($2.3M). During the last 5 years the exports of South Korea to Aruba have increased at an annualized rate of 8.98%, from $17M in 2022 to $26.1M in 2017.

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

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

Latest Data

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

Aruba Exports

South Korea Exports

Market Competitiveness

Color
Aruba
Top Destination
Colombia$49M
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Aruba than South Korea included Bonaire ($1.48M).

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

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

Comparative Advantage Aruba - South Korea

Flow
Scale

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

During 2022, Aruba had a large net trade with South Korea in the exports of Mineral Products ($10.5k), Textiles ($1.73k), and Machines ($660).

During 2017, South Korea had a large net trade with Aruba in the exports of Transportation ($14.3M), Foodstuffs ($10.4M), and Chemical Products ($697k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Aruba and South Korea. This means that a dot/product with the flag of Aruba 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 Aruba.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with