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Pricing

2022
Flag → Flag
Exports $6.88MRnk 178 / 220
2022
Flag → Flag
Top Product $5.38MScrap Vessels
2022
Flag → Flag
Exports $140kRnk 25 / 85
2022
Flag → Flag
Top Product $96.1kMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$962MCURRENT US$
Rnk 177 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 133 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$20,177CURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP PC GROWTH16.7%CURRENT US$
Rnk 97 / 186

About

South Korea-Saint Kitts and Nevis In 2022, South Korea exported $6.88M to Saint Kitts and Nevis. The main products that South Korea exported to Saint Kitts and Nevis are Scrap Vessels ($5.38M), Cars ($1.2M), and Delivery Trucks ($235k). During the last 27 years the exports of South Korea to Saint Kitts and Nevis have increased at an annualized rate of 11.5%, from $364k in 1995 to $6.88M in 2022.

In 2022, South Korea did not export any services to Saint Kitts and Nevis.

Saint Kitts and Nevis-South Korea In 2022, Saint Kitts and Nevis exported $140k to South Korea. The main products that Saint Kitts and Nevis exported to South Korea were Machinery Having Individual Functions ($96.1k), Other Measuring Instruments ($16.6k), and Electrical Transformers ($15.6k). During the last 27 years the exports of Saint Kitts and Nevis to South Korea have increased at an annualized rate of 16.7%, from $2.15k in 1995 to $140k in 2022.

In 2022, Saint Kitts and Nevis 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, Saint Kitts and Nevis ranked 203 in total exports ($43.7M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $84k and imported $4k from Saint Kitts and Nevis, resulting in a positive trade balance of $80k. Between February 2023 and February 2024 the exports of South Korea have decreased by $-89k (-51.4%) from $173k to $84k, while imports increased by $4k (N/A%) from $0 to $4k.

Trade In February 2024, the top exports of South Korea to Saint Kitts and Nevis were Cars, tractors, trucks & parts thereof. ($152k), Optical, photo, & film equipment; medical... ($1k), Organic chemicals ($0), Plastics & articles thereof ($0), and Electrical machinery and electronics ($0). In February 2024 the top imports of South Korea from Saint Kitts and Nevis were Electrical machinery and electronics ($12k), Organic chemicals ($0), Plastics & articles thereof ($0), Cars, tractors, trucks & parts thereof. ($0), and Optical, photo, & film equipment; medical... ($0).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Saint Kitts and Nevis was explained primarily by an decrease in product exports in Optical, photo, & film equipment; medical... ($-4k or -80%). In February 2024, the increase in South Korea's year-by-year imports  from Saint Kitts and Nevis was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$-89k(-51.4%)
IMPORT GROWTH (February 2023 - February 2024)$4k(N/A%)

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 Saint Kitts and Nevis and South Korea trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $6.88M to Saint Kitts and Nevis. The main products exported from South Korea to Saint Kitts and Nevis were Scrap Vessels ($5.38M), Cars ($1.2M), and Delivery Trucks ($235k). During the last 27 years the exports of South Korea to Saint Kitts and Nevis have increased at an annualized rate of 11.5%, from $364k in 1995 to $6.88M in 2022.

In 2022, Saint Kitts and Nevis exported $140k to South Korea. The main products exported from Saint Kitts and Nevis to South Korea were Machinery Having Individual Functions ($96.1k), Other Measuring Instruments ($16.6k), and Electrical Transformers ($15.6k). During the last 24 years the exports of Saint Kitts and Nevis to South Korea have increased at an annualized rate of 16.7%, from $2.15k in 1998 to $140k in 2022.

Exports from South Korea (Flag) to Saint Kitts and Nevis (Flag) (2022)

Exports from Saint Kitts and Nevis (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Saint Kitts and Nevis
Top DestinationUnited States$26.7M

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

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

In 2019, no countries were registered that imported more from Saint Kitts and Nevis than from South Korea.

Difference in imports from Saint Kitts and Nevis (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Saint Kitts and Nevis

Flow
Scale

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

During 2022, South Korea had a large net trade with Saint Kitts and Nevis in the exports of Transportation ($6.81M), Machines ($28k), and Miscellaneous ($24.8k).

During 2022, Saint Kitts and Nevis had a large net trade with South Korea in the exports of Machines ($119k), Instruments ($19.7k), and Footwear and Headwear ($718).

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 Saint Kitts and Nevis. Similarly, the more yellow a dot/product is, the more Saint Kitts and Nevis has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Saint Kitts and Nevis (Flag) (2022)

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