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2022
Flag → Flag
Exports $1.65MRnk 196 / 220
2022
Flag → Flag
Top Product $1.23MCars
2022
Flag → Flag
Exports $33.6MRnk 5 / 89
2022
Flag → Flag
Top Product $33.6MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Gibraltar Trade: In 2022, South Korea exported $1.65M to Gibraltar. The main products that South Korea exported to Gibraltar were Cars ($1.23M), Engine Parts ($285k), and Flavored Water ($54k). Over the past 5 years the exports of South Korea to Gibraltar have decreased at an annualized rate of 2.27%, from $1.85M in 2017 to $1.65M in 2022.

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

Gibraltar-South Korea Trade: In 2022, Gibraltar exported $33.6M to South Korea. The main products that Gibraltar exported to South Korea were Refined Petroleum ($33.6M), Non-Knit Active Wear ($8.2k), and Engine Parts ($2.36k). Over the past 5 years the exports of Gibraltar to South Korea have increased at an annualized rate of 71.3%,  from $2.28M in 2017 to $33.6M in 2022.

In 2022, Gibraltar 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, Gibraltar ranked 173 in total exports ($411M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $436k and imported $1k from Gibraltar, resulting in a positive trade balance of $435k. Between October 2023 and October 2024 the exports of South Korea have increased by $212k (94.6%) from $224k to $436k, while imports remained the same by $0 (0%) from $1k to $1k.

Trade In October 2024, the top exports of South Korea to Gibraltar were Machinery, mechanical appliances, & parts ($55k), Cars, tractors, trucks & parts thereof. ($19k), Electrical machinery and electronics ($6k), Perfumery & cosmetics ($0), and Leather articles ($0). In October 2024 the top imports of South Korea from Gibraltar were Machinery, mechanical appliances, & parts ($3k), Perfumery & cosmetics ($0), Leather articles ($0), Knitted clothing accesories ($0), and Headgear ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Gibraltar was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($44k or 400%) and Electrical machinery and electronics ($3k or 100%). In October 2024, the change in South Korea's year-by-year imports  from Gibraltar was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$212k(94.6%)
IMPORT GROWTH (October 2023 - October 2024)$0(0%)

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

For full datasets download visit Bulk Download page.

Explore Gibraltar and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.65M to Gibraltar. The main products exported from South Korea to Gibraltar were Cars ($1.23M), Engine Parts ($285k), and Flavored Water ($54k). During the last 5 years the exports of South Korea to Gibraltar have decreased at an annualized rate of 2.27%, from $1.85M in 2017 to $1.65M in 2022.

In 2017, Gibraltar exported $33.6M to South Korea. The main products exported from Gibraltar to South Korea were Refined Petroleum ($33.6M), Non-Knit Active Wear ($8.2k), and Engine Parts ($2.36k). During the last 5 years the exports of Gibraltar to South Korea have increased at an annualized rate of 71.3%, from $2.28M in 2022 to $33.6M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Gibraltar
Top DestinationIreland$81.4M

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

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

In 2022, countries that imported more from Gibraltar than South Korea included Cape Verde ($12.5M).

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

Comparative Advantage South Korea - Gibraltar

Flow
Scale

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

During 2022, South Korea had a large net trade with Gibraltar in the exports of Transportation ($1.23M), Machines ($337k), and Foodstuffs ($54k).

During 2017, Gibraltar had a large net trade with South Korea in the exports of Mineral Products ($33.6M), Textiles ($8.2k), and Machines ($4.13k).

Economic Complexity

Competitive Landscape

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

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

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