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

British Indian Ocean Territory-South Korea Trade: In 2022, British Indian Ocean Territory exported $2.77k to South Korea. The main products that British Indian Ocean Territory exported to South Korea were Knit T-shirts ($1.15k), Trunks and Cases ($961), and Iron Fasteners ($349). Over the past 5 years the exports of British Indian Ocean Territory to South Korea have increased at an annualized rate of 24.9%, from $912 in 2017 to $2.77k in 2022.

In 2022, British Indian Ocean Territory did not export any services to South Korea.

South Korea-British Indian Ocean Territory In N/A, South Korea did not export any products to British Indian Ocean Territory.

In 2022, South Korea did not export any services to British Indian Ocean Territory.

Comparison In 2022,  British Indian Ocean Territory ranked 221 in total exports ($5.8M), 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, British Indian Ocean Territory exported $2.77k to South Korea. The main products exported from British Indian Ocean Territory to South Korea were Knit T-shirts ($1.15k), Trunks and Cases ($961), and Iron Fasteners ($349). During the last 5 years the exports of British Indian Ocean Territory to South Korea have increased at an annualized rate of 24.9%, from $912 in 2017 to $2.77k in 2022.

South Korea does not register exports to British Indian Ocean Territory.

Exports from British Indian Ocean Territory (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to British Indian Ocean Territory (Flag) (2022)

Latest Data

Trade between British Indian Ocean Territory (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
South Korea
Top Destination
China$150B

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

In 2022, no countries were registered that imported more from British Indian Ocean Territory than from South Korea.

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

Difference in imports from South Korea (Flag) and British Indian Ocean Territory (Flag) (2022)

Comparative Advantage British Indian Ocean Territory - South Korea

Flow
Scale

This chart compares trade between British Indian Ocean Territory and South Korea by product, considering products traded by both, British Indian Ocean Territory and South Korea.

During 2022, British Indian Ocean Territory had a large net trade with South Korea in the exports of Textiles ($1.3k), Animal Hides ($961), and Metals ($349).

Economic Complexity

Competitive Landscape

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

Product Space of British Indian Ocean Territory (Flag) and South Korea (Flag) (2022)

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