South Korea (KOR) and Northern Mariana Islands (MNP) Trade | The Observatory of Economic Complexity

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South Korea-Northern Mariana Islands Trade: In 2022, South Korea exported $24.4M to Northern Mariana Islands. The main products that South Korea exported to Northern Mariana Islands were Refined Petroleum ($6.25M), Other Plastic Products ($2.95M), and Vaccines, blood, antisera, toxins and cultures ($1.53M). Over the past 5 years the exports of South Korea to Northern Mariana Islands have increased at an annualized rate of 10.9%, from $14.5M in 2017 to $24.4M in 2022.

In 2022, South Korea did not export any services to Northern Mariana Islands.

Northern Mariana Islands-South Korea Trade: In 2022, Northern Mariana Islands exported $1.16M to South Korea. The main products that Northern Mariana Islands exported to South Korea were Scrap Iron ($647k), Refined Petroleum ($285k), and Scrap Copper ($161k). Over the past 5 years the exports of Northern Mariana Islands to South Korea have decreased at an annualized rate of 4.33%, from $1.45M in 2017 to $1.16M in 2022.

In 2022, Northern Mariana Islands 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, Northern Mariana Islands ranked 224 in total exports ($2.43M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $1.22M and imported $63k from Northern Mariana Islands, resulting in a positive trade balance of $1.16M. Between August 2023 and August 2024 the exports of South Korea have decreased by $-557k (-31.3%) from $1.78M to $1.22M, while imports decreased by $-2k (-3.08%) from $65k to $63k.

Trade In August 2024, the top exports of South Korea to Northern Mariana Islands were Iron or steel articles ($101k), Miscellaneous edible preparations ($98k), Preparations of cereals, flour, starch or... ($97k), Furniture, bedding, lamps, & prefab buildings ($77k), and Plastics & articles thereof ($69k). In August 2024 the top imports of South Korea from Northern Mariana Islands were Copper articles ($280k), Tobacco & substitutes ($31k), Iron & steel ($15k), Electrical machinery and electronics ($1k), and Fish, crustaceans, & molluscs ($0).

Growth In August 2024, the decrease in South Korea's year-by-year exports to Northern Mariana Islands was explained primarily by an decrease in product exports in Non-knitted clothing accesories ($-599k or -99.8%), Cars, tractors, trucks & parts thereof. ($-33k or -45.2%), and Plastics & articles thereof ($-27k or -28.1%). In August 2024, the decrease in South Korea's year-by-year imports from Northern Mariana Islands was explained primarily by an decrease in product imports in Iron & steel ($-26k or -63.4%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $24.4M to Northern Mariana Islands. The main products exported from South Korea to Northern Mariana Islands were Refined Petroleum ($6.25M), Other Plastic Products ($2.95M), and Vaccines, blood, antisera, toxins and cultures ($1.53M). During the last 5 years the exports of South Korea to Northern Mariana Islands have increased at an annualized rate of 10.9%, from $14.5M in 2017 to $24.4M in 2022.

In 2017, Northern Mariana Islands exported $1.16M to South Korea. The main products exported from Northern Mariana Islands to South Korea were Scrap Iron ($647k), Refined Petroleum ($285k), and Scrap Copper ($161k). During the last 5 years the exports of Northern Mariana Islands to South Korea have decreased at an annualized rate of 4.33%, from $1.45M in 2022 to $1.16M in 2017.

Exports from South Korea () to Northern Mariana Islands () (2022)

Exports from Northern Mariana Islands () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Northern Mariana Islands
Top DestinationSouth Korea$1.16M

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

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

In 2022, no countries were registered that imported more from Northern Mariana Islands than from South Korea.

Difference in imports from Northern Mariana Islands () and South Korea () (2022)

Comparative Advantage South Korea - Northern Mariana Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Northern Mariana Islands in the exports of Mineral Products ($7.19M), Plastics and Rubbers ($4.23M), and Foodstuffs ($3.41M).

During 2017, Northern Mariana Islands had a large net trade with South Korea in the exports of Metals ($862k), Mineral Products ($285k), and Paper Goods ($8.16k).

Economic Complexity

Competitive Landscape

Year

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

Exports from Northern Mariana Islands () to South Korea () (2022)

Market Competitiveness

Difference in imports from Northern Mariana Islands () and South Korea () (2022)

Comparative Advantage South Korea - Northern Mariana Islands

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Northern Mariana Islands () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Northern Mariana Islands () (2022)

Exports from Northern Mariana Islands () to South Korea () (2022)

Market Competitiveness

Difference in imports from Northern Mariana Islands () and South Korea () (2022)

Comparative Advantage South Korea - Northern Mariana Islands

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Northern Mariana Islands () (2022)

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