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2023
Flag → Flag
Exports $690kRnk 140 / 142
2023
Flag → Flag
Top Product $247kDelivery Trucks
2023
Flag → Flag
Exports $276kRnk 107 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$654MCURRENT US$
Rnk 189 / 195
2013-2023
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 112 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$9,833CURRENT US$
Rnk 90 / 196
2013-2023
Flag
GDP PC GROWTH37.6%CURRENT US$
Rnk 64 / 195

About

South Korea-Dominica Trade: In 2023, South Korea exported $690k to Dominica. The main products that South Korea exported to Dominica were Delivery Trucks ($247k), Stone Processing Machines ($219k), and Large Construction Vehicles ($188k). Over the past 5 years the exports of South Korea to Dominica have decreased at an annualized rate of 29.9%, from $4.08M in 2018 to $690k in 2023.

In 2023, South Korea did not export any services to Dominica.

Dominica-South Korea Trade: In 2023, Dominica exported $276k to South Korea. The main products that Dominica exported to South Korea were N/A. Over the past 5 years the exports of Dominica to South Korea have increased at an annualized rate of 14.7%,  from $92.1k in 2018 to $276k in 2023.

In 2023, Dominica did not export any services to South Korea.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Dominica ranked 205 in total exports ($47.6M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $63k and imported $36k from Dominica, resulting in a positive trade balance of $27k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-125k (-66.5%) from $188k to $63k, while imports increased by $24k (200%) from $12k to $36k.

Trade In December 2024, the top exports of South Korea to Dominica were Cars, tractors, trucks & parts thereof. ($297k), Rubber & articles thereof ($9k), Machinery, mechanical appliances, & parts ($4k), and Electrical machinery and electronics ($0). In December 2024 the top imports of South Korea from Dominica were Electrical machinery and electronics ($2k), Rubber & articles thereof ($0), Machinery, mechanical appliances, & parts ($0), and Cars, tractors, trucks & parts thereof. ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Dominica was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-4k or -50%). In December 2024, the increase in South Korea's year-by-year imports  from Dominica was explained primarily by an increase in product imports  in Electrical machinery and electronics ($1k or 100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-125k(-66.5%)
IMPORT GROWTH (December 2023 - December 2024)$24k(200%)

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 Dominica and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Dominica and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $690k to Dominica. The main products exported from South Korea to Dominica were Delivery Trucks ($247k), Stone Processing Machines ($219k), and Large Construction Vehicles ($188k). During the last 5 years the exports of South Korea to Dominica have decreased at an annualized rate of 29.9%, from $4.08M in 2018 to $690k in 2023.

In 2017, Dominica exported $276k to South Korea. There were not main exports from Dominica to South Korea in 2017. During the last 5 years the exports of Dominica to South Korea have increased at an annualized rate of 14.7%, from $92.1k in 2022 to $276k in 2017.

Exports from South Korea (Flag) to Dominica (Flag) (2023)

Exports from Dominica (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Dominica
Top DestinationBahamas$6.11M

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

In 2023, countries that imported more from South Korea than Dominica included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Dominica than South Korea included Saint Lucia ($1.57M), Saint Kitts and Nevis ($955k), and British Virgin Islands ($537k).

Difference in imports from Dominica (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Dominica

Flow
Scale

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

During 2023, South Korea had a large net trade with Dominica in the exports of Machines ($418k), Transportation ($250k), and Chemical Products ($13.6k).

During 2017, Dominica had a large net trade with South Korea in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Dominica (Flag) (2023)

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