Andorra (AND) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Andorra-South Korea Trade: In 2022, Andorra exported $224k to South Korea. The main products that Andorra exported to South Korea were Scrap Aluminium ($39.4k), Gas Turbines ($37.3k), and Knit Sweaters ($18.7k). Over the past 5 years the exports of Andorra to South Korea have decreased at an annualized rate of 8.24%, from $344k in 2017 to $224k in 2022.

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

South Korea-Andorra Trade: In 2022, South Korea exported $4.01M to Andorra. The main products that South Korea exported to Andorra were Cars ($1.57M), Broadcasting Equipment ($1M), and Semiconductor Devices ($617k). Over the past 5 years the exports of South Korea to Andorra have increased at an annualized rate of 1.34%, from $3.33M in 2017 to $4.01M in 2022.

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

Comparison In 2022, Andorra ranked 174 in total exports ($407M), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Andorra exported $224k to South Korea. The main products exported from Andorra to South Korea were Scrap Aluminium ($39.4k), Gas Turbines ($37.3k), and Knit Sweaters ($18.7k). During the last 5 years the exports of Andorra to South Korea have decreased at an annualized rate of 8.24%, from $344k in 2017 to $224k in 2022.

In 2017, South Korea exported $4.01M to Andorra. The main products exported from South Korea to Andorra were Cars ($1.57M), Broadcasting Equipment ($1M), and Semiconductor Devices ($617k). During the last 5 years the exports of South Korea to Andorra have increased at an annualized rate of 1.34%, from $3.33M in 2022 to $4.01M in 2017.

Exports from Andorra () to South Korea () (2022)

Exports from South Korea () to Andorra () (2022)

Latest Data

Trade between Andorra () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Andorra
Top DestinationSpain$297M

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Andorra than South Korea included North Korea ($637).

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

Difference in imports from South Korea () and Andorra () (2022)

Comparative Advantage Andorra - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Andorra had a large net trade with South Korea in the exports of Machines ($70.7k), Metals ($61.1k), and Textiles ($58.2k).

During 2017, South Korea had a large net trade with Andorra in the exports of Machines ($2.02M), Transportation ($1.57M), and Instruments ($186k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Andorra () to South Korea () (2022)

Exports from South Korea () to Andorra () (2022)

Latest Data

Trade between Andorra () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Andorra () (2022)

Comparative Advantage Andorra - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Andorra () and South Korea () (2022)

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