2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Northern Mariana Islands Trade: In 2022, South Korea exported $14.5M 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 3.19%, from $12.4M in 2017 to $14.5M 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 $1.45M 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 increased at an annualized rate of 95.1%,  from $51.2k in 2017 to $1.45M 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.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $14.5M 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 3.19%, from $12.4M in 2017 to $14.5M in 2022.

In 2017, Northern Mariana Islands exported $1.45M 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 22 years the exports of Northern Mariana Islands to South Korea have increased at an annualized rate of 95.1%, from $51.2k in 1995 to $1.45M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B

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 (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Northern Mariana Islands

Flow
Scale

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

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.

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

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