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Pricing

2022
Flag → Flag
Exports $4.01MRnk 186 / 220
2022
Flag → Flag
Top Product $1.57MCars
2022
Flag → Flag
Exports $224kRnk 49 / 144
2022
Flag → Flag
Top Product $39.4kScrap Aluminium
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$3.35BCURRENT US$
Rnk 159 / 186
2012-2022
Flag
GDP GROWTH5.12%CURRENT US$
Rnk 155 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$41,993CURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP PC GROWTH-6.48%CURRENT US$
Rnk 157 / 186

About

South Korea-Andorra Trade: In 2022, South Korea exported $4.01M to Andorra. The main products that South Korea exported to Andorra were Cars ($1.57M), Broadcasting Equipment ($1M), and Semiconductor Devices ($617k). Over the past 5 years the exports of South Korea to Andorra have increased at an annualized rate of 3.79%, from $3.33M in 2017 to $4.01M in 2022.

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

Andorra-South Korea Trade: In 2022, Andorra exported $224k to South Korea. The main products that Andorra exported to South Korea were Scrap Aluminium ($39.4k), Gas Turbines ($37.3k), and Knit Sweaters ($18.7k). Over the past 5 years the exports of Andorra to South Korea have decreased at an annualized rate of 8.24%,  from $344k in 2017 to $224k in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Andorra ranked 174 in total exports ($407M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $0 and imported $0 from Andorra, resulting in a remained the same trade balance of $0. Between July 2023 and July 2024 the exports of South Korea have decreased by $-1k (-100%) from $1k to $0, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In July 2024, the top exports of South Korea to Andorra were Electrical machinery and electronics ($14k), Perfumery & cosmetics ($8k), Leather articles ($0), Knitted clothing accesories ($0), and Non-knitted clothing accesories ($0). In July 2024 the top imports of South Korea from Andorra were Knitted clothing accesories ($2k), Non-knitted clothing accesories ($2k), Electrical machinery and electronics ($1k), Optical, photo, & film equipment; medical... ($1k), and Perfumery & cosmetics ($0).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Andorra was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-19k or -57.6%). In July 2024, the change in South Korea's year-by-year imports  from Andorra was explained primarily by an decrease in product imports  in Optical, photo, & film equipment; medical... ($-3k or -75%), Knitted clothing accesories ($-2k or -50%), and Leather articles ($-1k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-1k(-100%)
IMPORT GROWTH (July 2023 - July 2024)$0(N/A%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Andorra and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Andorra and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $4.01M to Andorra. The main products exported from South Korea to Andorra were Cars ($1.57M), Broadcasting Equipment ($1M), and Semiconductor Devices ($617k). During the last 5 years the exports of South Korea to Andorra have increased at an annualized rate of 3.79%, from $3.33M in 2017 to $4.01M in 2022.

In 2017, Andorra exported $224k to South Korea. The main products exported from Andorra to South Korea were Scrap Aluminium ($39.4k), Gas Turbines ($37.3k), and Knit Sweaters ($18.7k). During the last 5 years the exports of Andorra to South Korea have decreased at an annualized rate of 8.24%, from $344k in 2022 to $224k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Andorra
Top DestinationSpain$297M

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

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

In 2022, countries that imported more from Andorra than South Korea included North Korea ($637).

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

Comparative Advantage South Korea - Andorra

Flow
Scale

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

During 2022, South Korea had a large net trade with Andorra in the exports of Machines ($2.02M), Transportation ($1.57M), and Instruments ($186k).

During 2017, Andorra had a large net trade with South Korea in the exports of Machines ($70.7k), Metals ($61.1k), and Textiles ($58.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Andorra+N/AN/A
Top Product Potential Andorra South Korea+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Andorra. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Andorra. Similarly, a dot/product with the flag of Andorra indicates it has a comparative advantage over South Korea.

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

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