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

Guam-South Korea Trade: In 2022, Guam exported $3.9M to South Korea. The main products that Guam exported to South Korea were Scrap Iron ($1.46M), Refined Petroleum ($793k), and Scrap Copper ($670k). Over the past 5 years the exports of Guam to South Korea have increased at an annualized rate of 9.41%, from $2.49M in 2017 to $3.9M in 2022.

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

South Korea-Guam Trade: In 2022, South Korea exported $469M to Guam. The main products that South Korea exported to Guam were Refined Petroleum ($362M), Cars ($19.1M), and Raw Iron Bars ($14.6M). Over the past 5 years the exports of South Korea to Guam have increased at an annualized rate of 57.9%,  from $47.7M in 2017 to $469M in 2022.

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

Comparison In 2022,  Guam ranked 208 in total exports ($27.7M), 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, Guam exported $3.9M to South Korea. The main products exported from Guam to South Korea were Scrap Iron ($1.46M), Refined Petroleum ($793k), and Scrap Copper ($670k). During the last 5 years the exports of Guam to South Korea have increased at an annualized rate of 9.41%, from $2.49M in 2017 to $3.9M in 2022.

In 2017, South Korea exported $469M to Guam. The main products exported from South Korea to Guam were Refined Petroleum ($362M), Cars ($19.1M), and Raw Iron Bars ($14.6M). During the last 5 years the exports of South Korea to Guam have increased at an annualized rate of 57.9%, from $47.7M in 2022 to $469M in 2017.

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

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

Latest Data

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

South Korea Exports

Market Competitiveness

Color
Guam
Top Destination
Singapore$8.42M
South Korea
Top Destination
China$150B

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

In 2022, no countries were registered that imported more from Guam than from South Korea.

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

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

Comparative Advantage Guam - South Korea

Flow
Scale

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

During 2022, Guam had a large net trade with South Korea in the exports of Metals ($2.58M), Mineral Products ($793k), and Chemical Products ($354k).

During 2017, South Korea had a large net trade with Guam in the exports of Mineral Products ($365M), Metals ($31.5M), and Machines ($25.9M).

Economic Complexity

Competitive Landscape

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

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

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