South Korea (KOR) and Malta (MLT) Trade | The Observatory of Economic Complexity

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South Korea-Malta Trade: In 2022, South Korea exported $1.77B to Malta. The main products that South Korea exported to Malta were Passenger and Cargo Ships ($1.57B), Integrated Circuits ($98.8M), and Refined Petroleum ($39M). Over the past 5 years the exports of South Korea to Malta have increased at an annualized rate of 22.1%, from $652M in 2017 to $1.77B in 2022.

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

Malta-South Korea Trade: In 2022, Malta exported $103M to South Korea. The main products that Malta exported to South Korea were Integrated Circuits ($52.6M), Fish Fillets ($20.7M), and Non-fillet Frozen Fish ($8.29M). Over the past 5 years the exports of Malta to South Korea have increased at an annualized rate of 0.39%, from $101M in 2017 to $103M in 2022.

In 2020, Malta exported services to South Korea worth $0, with being the largest in terms of value.

Comparison In 2022, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Malta ranked 127 in total exports ($4.87B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

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Overview In October 2024, South Korea exported $170M and imported $33.3M from Malta, resulting in a positive trade balance of $137M. Between October 2023 and October 2024 the exports of South Korea have increased by $30.3M (21.7%) from $140M to $170M, while imports decreased by $-15.5M (-31.7%) from $48.8M to $33.3M.

Growth In October 2024, the increase in South Korea's year-by-year exports to Malta was explained primarily by an increase in product exports in Electrical machinery and electronics ($9.07M or 273%), Machinery, mechanical appliances, & parts ($2.34M or 1.91k%), and Cars, tractors, trucks & parts thereof. ($1.74M or 742%). In October 2024, the decrease in South Korea's year-by-year imports from Malta was explained primarily by an decrease in product imports in Fish, Crustaceans & Molluscs ($-1.1M or -37.7%), Toys, games, & sports ($-216k or -85.7%), and Plastics & articles thereof ($-48k or -38.4%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $1.77B to Malta. The main products exported from South Korea to Malta were Passenger and Cargo Ships ($1.57B), Integrated Circuits ($98.8M), and Refined Petroleum ($39M). During the last 5 years the exports of South Korea to Malta have increased at an annualized rate of 22.1%, from $652M in 2017 to $1.77B in 2022.

In 2017, Malta exported $103M to South Korea. The main products exported from Malta to South Korea were Integrated Circuits ($52.6M), Fish Fillets ($20.7M), and Non-fillet Frozen Fish ($8.29M). During the last 5 years the exports of Malta to South Korea have increased at an annualized rate of 0.39%, from $101M in 2022 to $103M in 2017.

Exports from South Korea () to Malta () (2022)

Exports from Malta () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Malta
Top DestinationGermany$576M

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

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

In 2022, countries that imported more from Malta than South Korea included South Sudan ($4.82M) and Chad ($2.27M).

Difference in imports from Malta () and South Korea () (2022)

Comparative Advantage South Korea - Malta

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Malta in the exports of Transportation ($1.57B), Machines ($119M), and Mineral Products ($39M).

During 2017, Malta had a large net trade with South Korea in the exports of Machines ($58.6M), Animal Products ($29M), and Plastics and Rubbers ($5.76M).

Bilateral Service Trade

Mlt Year

In 2020, Malta exported services to South Korea worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Malta () to South Korea () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of South Korea and Malta. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Malta. Similarly, a dot/product with the flag of Malta 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 Malta () (2022)

Exports from Malta () to South Korea () (2022)

Market Competitiveness

Difference in imports from Malta () and South Korea () (2022)

Comparative Advantage South Korea - Malta

Bilateral Service Trade

Services Exports from Malta () to South Korea () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Malta () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Malta () (2022)

Exports from Malta () to South Korea () (2022)

Market Competitiveness

Difference in imports from Malta () and South Korea () (2022)

Comparative Advantage South Korea - Malta

Bilateral Service Trade

Services Exports from Malta () to South Korea () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Malta () (2022)

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