Falkland Islands (FLK) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Falkland Islands-South Korea Trade: In 2022, Falkland Islands exported $15.5k to South Korea. The main products that Falkland Islands exported to South Korea were Knit T-shirts ($8.6k), Computers ($2.56k), and Knit Sweaters ($1.97k). Over the past 5 years the exports of Falkland Islands to South Korea have decreased at an annualized rate of 38.1%, from $170k in 2017 to $15.5k in 2022.

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

South Korea-Falkland Islands Trade: In 2022, South Korea exported $2.26k to Falkland Islands. The main products that South Korea exported to Falkland Islands were Engine Parts ($2.26k). Over the past 5 years the exports of South Korea to Falkland Islands have decreased at an annualized rate of 44.3%, from $42.3k in 2017 to $2.26k in 2022.

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

Comparison In 2022, Falkland Islands ranked 178 in total exports ($382M), 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, Falkland Islands exported $15.5k to South Korea. The main products exported from Falkland Islands to South Korea were Knit T-shirts ($8.6k), Computers ($2.56k), and Knit Sweaters ($1.97k). During the last 5 years the exports of Falkland Islands to South Korea have decreased at an annualized rate of 38.1%, from $170k in 2017 to $15.5k in 2022.

In 2017, South Korea exported $2.26k to Falkland Islands. The main products exported from South Korea to Falkland Islands were Engine Parts ($2.26k). During the last 5 years the exports of South Korea to Falkland Islands have decreased at an annualized rate of 44.3%, from $42.3k in 2022 to $2.26k in 2017.

Exports from Falkland Islands () to South Korea () (2022)

Exports from South Korea () to Falkland Islands () (2022)

Latest Data

Trade between Falkland Islands () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Falkland Islands
Top DestinationSpain$268M

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Falkland Islands than South Korea included Namibia ($18.2M).

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

Difference in imports from South Korea () and Falkland Islands () (2022)

Comparative Advantage Falkland Islands - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Falkland Islands had a large net trade with South Korea in the exports of Textiles ($11.2k), Machines ($3.71k), and Footwear and Headwear ($639).

During 2017, South Korea had a large net trade with Falkland Islands in the exports of Machines ($2.26k).

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 Falkland Islands and South Korea. This means that a dot/product with the flag of Falkland Islands 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 Falkland Islands.

About

Historical Data

Bilateral Trade by Products

Exports from Falkland Islands () to South Korea () (2022)

Exports from South Korea () to Falkland Islands () (2022)

Latest Data

Trade between Falkland Islands () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Falkland Islands () (2022)

Comparative Advantage Falkland Islands - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Falkland Islands () and South Korea () (2022)

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