2022
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GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP
$223MCURRENT US$
Rnk 184 / 186
2012-2022
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GDP GROWTH
17.8%CURRENT US$
Rnk 126 / 186
2022
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GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC
$1,702CURRENT US$
Rnk 152 / 186
2012-2022
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GDP PC GROWTH
0.18%CURRENT US$
Rnk 138 / 186

About

South Korea-Kiribati In 2022, South Korea exported $12.9M to Kiribati. The main products that South Korea exported to Kiribati are Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($4.3M), Engine Parts ($2.5M), and Petroleum Gas ($1.36M). During the last 27 years the exports of South Korea to Kiribati have increased at an annualized rate of 7.16%, from $2M in 1995 to $12.9M in 2022.

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

Kiribati-South Korea In 2022, Kiribati exported $4.13M to South Korea. The main products that Kiribati exported to South Korea were Non-fillet Frozen Fish ($4.05M), Scrap Aluminium ($61.5k), and Industrial Fatty Acids, Oils and Alcohols ($17.7k). During the last 27 years the exports of Kiribati to South Korea have increased at an annualized rate of 15.9%, from $77.4k in 1995 to $4.13M in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71),  and 5 in total exports ($705B). That same year, Kiribati ranked 195 in total exports ($115M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $12.9M to Kiribati. The main products exported from South Korea to Kiribati were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($4.3M), Engine Parts ($2.5M), and Petroleum Gas ($1.36M). During the last 27 years the exports of South Korea to Kiribati have increased at an annualized rate of 7.16%, from $2M in 1995 to $12.9M in 2022.

In 2022, Kiribati exported $4.13M to South Korea. The main products exported from Kiribati to South Korea were Non-fillet Frozen Fish ($4.05M), Scrap Aluminium ($61.5k), and Industrial Fatty Acids, Oils and Alcohols ($17.7k). During the last 27 years the exports of Kiribati to South Korea have increased at an annualized rate of 15.9%, from $77.4k in 1995 to $4.13M in 2022.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Kiribati
Top Destination
Thailand$63.2M

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

In 2021, countries that imported more from South Korea than Kiribati were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2019, no countries were registered that imported more from Kiribati than from South Korea.

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

Comparative Advantage South Korea - Kiribati

Flow
Scale

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

During 2022, South Korea had a large net trade with Kiribati in the exports of Textiles ($5.14M), Machines ($4.18M), and Mineral Products ($2.21M).

During 2022, Kiribati had a large net trade with South Korea in the exports of Animal Products ($4.05M), Metals ($61.5k), and Chemical Products ($17.7k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Kiribati. Similarly, the more yellow a dot/product is, the more Kiribati has comparative advantage over South Korea.

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

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