2022
Flag  
GDP
$223MCURRENT US$
Rnk 184 / 186
2012-2022
Flag
GDP GROWTH
17.8%CURRENT US$
Rnk 126 / 186
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 
$1,702CURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP PC GROWTH
0.18%CURRENT US$
Rnk 138 / 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

Kiribati-South Korea Trade: In 2022, Kiribati exported $4.13M to South Korea. The main products that Kiribati exported to South Korea were Non-fillet Frozen Fish ($4.05M), Scrap Aluminium ($61.5k), and Industrial Fatty Acids, Oils and Alcohols ($17.7k). Over the past 5 years the exports of Kiribati to South Korea have increased at an annualized rate of 3%, from $3.56M in 2017 to $4.13M in 2022.

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

South Korea-Kiribati Trade: In 2022, South Korea exported $12.9M to Kiribati. The main products that South Korea exported to Kiribati were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($4.3M), Engine Parts ($2.5M), and Petroleum Gas ($1.36M). Over the past 5 years the exports of South Korea to Kiribati have increased at an annualized rate of 0.58%,  from $12.2M in 2017 to $12.9M in 2022.

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

Comparison In 2022,  Kiribati ranked 195 in total exports ($115M), 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, Kiribati exported $4.13M to South Korea. The main products exported from Kiribati to South Korea were Non-fillet Frozen Fish ($4.05M), Scrap Aluminium ($61.5k), and Industrial Fatty Acids, Oils and Alcohols ($17.7k). During the last 5 years the exports of Kiribati to South Korea have increased at an annualized rate of 3%, from $3.56M in 2017 to $4.13M in 2022.

In 2017, South Korea exported $12.9M to Kiribati. The main products exported from South Korea to Kiribati were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($4.3M), Engine Parts ($2.5M), and Petroleum Gas ($1.36M). During the last 5 years the exports of South Korea to Kiribati have increased at an annualized rate of 0.58%, from $12.2M in 2022 to $12.9M in 2017.

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

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

Latest Data

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

South Korea Exports

Market Competitiveness

Color
Kiribati
Top Destination
Thailand$63.2M
South Korea
Top Destination
China$150B

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

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

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

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

Comparative Advantage Kiribati - South Korea

Flow
Scale

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

During 2022, Kiribati had a large net trade with South Korea in the exports of Animal Products ($4.05M), Metals ($61.5k), and Chemical Products ($17.7k).

During 2017, South Korea had a large net trade with Kiribati in the exports of Textiles ($5.14M), Machines ($4.18M), and Mineral Products ($2.21M).

Economic Complexity

Competitive Landscape

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

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

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