South Korea (KOR) and British Indian Ocean Territory (IOT) Trade

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South Korea-British Indian Ocean Territory Trade: In 2021, South Korea exported $85.2k to British Indian Ocean Territory. The main products that South Korea exported to British Indian Ocean Territory were N/A. Over the past 8 years the exports of South Korea to British Indian Ocean Territory have decreased at an annualized rate of 51.6%, from $28.2M in 2013 to $85.2k in 2021.

In 2021, South Korea did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-South Korea Trade: In 2021, British Indian Ocean Territory exported $2.77k to South Korea. The main products that British Indian Ocean Territory exported to South Korea were Knit T-shirts ($1.15k), Trunks and Cases ($961), and Iron Fasteners ($349). Over the past 8 years the exports of British Indian Ocean Territory to South Korea have increased at an annualized rate of 24.9%, from $912 in 2013 to $2.77k in 2021.

In 2021, British Indian Ocean Territory 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, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

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Overview In N/A, South Korea exported $N/A and imported $N/A from British Indian Ocean Territory, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of South Korea have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of South Korea to British Indian Ocean Territory were . In N/A the top imports of South Korea from British Indian Ocean Territory were .

Growth In N/A, the N/A in South Korea's year-by-year exports to British Indian Ocean Territory was explained primarily by an decrease in product exports in . In N/A, the N/A in South Korea's year-by-year imports from British Indian Ocean Territory was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, South Korea exported $85.2k to British Indian Ocean Territory. There were not main exports from South Korea to British Indian Ocean Territory in 2021. During the last 8 years the exports of South Korea to British Indian Ocean Territory have decreased at an annualized rate of 51.6%, from $28.2M in 2013 to $85.2k in 2021.

In 2017, British Indian Ocean Territory exported $2.77k to South Korea. The main products exported from British Indian Ocean Territory to South Korea were Knit T-shirts ($1.15k), Trunks and Cases ($961), and Iron Fasteners ($349). During the last 5 years the exports of British Indian Ocean Territory to South Korea have increased at an annualized rate of 24.9%, from $912 in 2022 to $2.77k in 2017.

Exports from South Korea () to British Indian Ocean Territory () (2022)

Exports from British Indian Ocean Territory () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

British Indian Ocean Territory
Top DestinationSingapore$4.42M

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

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

In 2022, no countries were registered that imported more from British Indian Ocean Territory than from South Korea.

Difference in imports from British Indian Ocean Territory () and South Korea () (2022)

Comparative Advantage South Korea - British Indian Ocean Territory

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between South Korea and British Indian Ocean Territory by product, considering products traded by both, South Korea and British Indian Ocean Territory.

During 2021, South Korea had a large net trade with British Indian Ocean Territory in the exports of .

During 2017, British Indian Ocean Territory had a large net trade with South Korea in the exports of N/A.

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to British Indian Ocean Territory () (2022)

Exports from British Indian Ocean Territory () to South Korea () (2022)

Market Competitiveness

Difference in imports from British Indian Ocean Territory () and South Korea () (2022)

Comparative Advantage South Korea - British Indian Ocean Territory

Economic Complexity

Competitive Landscape

Product Space of South Korea () and British Indian Ocean Territory () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to British Indian Ocean Territory () (2022)

Exports from British Indian Ocean Territory () to South Korea () (2022)

Market Competitiveness

Difference in imports from British Indian Ocean Territory () and South Korea () (2022)

Comparative Advantage South Korea - British Indian Ocean Territory

Economic Complexity

Competitive Landscape

Product Space of South Korea () and British Indian Ocean Territory () (2022)

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