2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Christmas Island-South Korea In 2022, Christmas Island exported $1.68k to South Korea. The main products that Christmas Island exported to South Korea are Microphones and Headphones ($743), Office Machine Parts ($420), and Knit Active Wear ($286). During the last 25 years the exports of Christmas Island to South Korea have decreased at an annualized rate of 21.6%, from $738k in 1997 to $1.68k in 2022.

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

South Korea-Christmas Island In 2022, South Korea exported $562 to Christmas Island. The main products that South Korea exported to Christmas Island were Industrial Fatty Acids, Oils and Alcohols ($424) and Beauty Products ($138). During the last 25 years the exports of South Korea to Christmas Island have decreased at an annualized rate of 18.4%, from $90.6k in 1997 to $562 in 2022.

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

Comparison In 2022,  Christmas Island ranked 214 in total exports ($15.3M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Christmas Island exported $1.68k to South Korea. The main products exported from Christmas Island to South Korea were Microphones and Headphones ($743), Office Machine Parts ($420), and Knit Active Wear ($286). During the last 25 years the exports of Christmas Island to South Korea have decreased at an annualized rate of 21.6%, from $738k in 1997 to $1.68k in 2022.

In 2022, South Korea exported $562 to Christmas Island. The main products exported from South Korea to Christmas Island were Industrial Fatty Acids, Oils and Alcohols ($424) and Beauty Products ($138). During the last 27 years the exports of South Korea to Christmas Island have decreased at an annualized rate of 18.4%, from $90.6k in 1995 to $562 in 2022.

Exports from Christmas Island (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Christmas Island (Flag) (2022)

Market Competitiveness

Color
Christmas Island
Top Destination
New Zealand$3.78M
South Korea
Top Destination
China$150B

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

In 2019, no countries were registered that imported more from Christmas Island than from South Korea.

In 2021, countries that imported more from South Korea than Christmas Island were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Christmas Island (Flag) (2022)

Comparative Advantage Christmas Island - South Korea

Flow
Scale

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

During 2022, Christmas Island had a large net trade with South Korea in the exports of Machines ($1.18k), Textiles ($286), and Footwear and Headwear ($139).

During 2022, South Korea had a large net trade with Christmas Island in the exports of Chemical Products ($562).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Christmas Island has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Christmas Island.

Product Space of Christmas Island (Flag) and South Korea (Flag) (2022)

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