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2022
Flag → Flag
Exports $469MRnk 72 / 220
2022
Flag → Flag
Top Product $362MRefined Petroleum
2022
Flag → Flag
Exports $3.9MRnk 3 / 68
2022
Flag → Flag
Top Product $1.46MScrap Iron
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
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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-Guam Trade: In 2022, South Korea exported $469M to Guam. The main products that South Korea exported to Guam were Refined Petroleum ($362M), Cars ($19.1M), and Raw Iron Bars ($14.6M). Over the past 5 years the exports of South Korea to Guam have increased at an annualized rate of 57.9%, from $47.7M in 2017 to $469M in 2022.

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

Guam-South Korea Trade: In 2022, Guam exported $3.9M to South Korea. The main products that Guam exported to South Korea were Scrap Iron ($1.46M), Refined Petroleum ($793k), and Scrap Copper ($670k). Over the past 5 years the exports of Guam to South Korea have increased at an annualized rate of 9.41%,  from $2.49M in 2017 to $3.9M in 2022.

In 2022, Guam 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, Guam ranked 208 in total exports ($27.7M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $33.8M and imported $601k from Guam, resulting in a positive trade balance of $33.2M. Between October 2023 and October 2024 the exports of South Korea have increased by $13.6M (67.1%) from $20.2M to $33.8M, while imports increased by $344k (134%) from $257k to $601k.

Trade In October 2024, the top exports of South Korea to Guam were Iron/Steel Articles ($2.92M), Machinery, mechanical appliances, & parts ($2.66M), Cars, tractors, trucks & parts thereof. ($1.97M), Electrical machinery and electronics ($1.78M), and Iron & steel ($1.62M). In October 2024 the top imports of South Korea from Guam were Tobacco & substitutes ($69k), Iron & steel ($50k), Mineral fuels, mineral oils and products... ($46k), Aluminum articles ($43k), and Electrical machinery and electronics ($17k).

Growth In October 2024, the increase in South Korea's year-by-year exports to Guam was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($1.74M or 189%), Electrical machinery and electronics ($1.54M or 646%), and Iron/Steel Articles ($911k or 45.4%). In October 2024, the increase in South Korea's year-by-year imports  from Guam was explained primarily by an increase in product imports  in Aluminum articles ($37k or 617%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$13.6M(67.1%)
IMPORT GROWTH (October 2023 - October 2024)$344k(134%)

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

For full datasets download visit Bulk Download page.

Explore Guam and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $469M to Guam. The main products exported from South Korea to Guam were Refined Petroleum ($362M), Cars ($19.1M), and Raw Iron Bars ($14.6M). During the last 5 years the exports of South Korea to Guam have increased at an annualized rate of 57.9%, from $47.7M in 2017 to $469M in 2022.

In 2017, Guam exported $3.9M to South Korea. The main products exported from Guam to South Korea were Scrap Iron ($1.46M), Refined Petroleum ($793k), and Scrap Copper ($670k). During the last 5 years the exports of Guam to South Korea have increased at an annualized rate of 9.41%, from $2.49M in 2022 to $3.9M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Guam
Top DestinationSingapore$8.42M

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

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

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

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

Comparative Advantage South Korea - Guam

Flow
Scale

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

During 2022, South Korea had a large net trade with Guam in the exports of Mineral Products ($365M), Metals ($31.5M), and Machines ($25.9M).

During 2017, Guam had a large net trade with South Korea in the exports of Metals ($2.58M), Mineral Products ($793k), and Chemical Products ($354k).

Economic Complexity

Competitive Landscape

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

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

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