Flag South Korea / Montserrat Flag

2019
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Exports
: $45.3k, Rnk 208 / 215

2019
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Top Product
: $43.3k, Machinery Having Individual Functions

2019
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Exports
: $35.4k, Rnk 13 / 54

2019
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Top Product
: $11.2k, Low-voltage Protection Equipment

2019
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Economic Complexity (ECI)
: ECI 1.95, Rnk 5 / 157

2019
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GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
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GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

2019
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GDP PC 
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
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GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 187

South Korea-Montserrat: In 2019, South Korea exported $45.3k to Montserrat. The main products that South Korea exported to Montserrat are Machinery Having Individual Functions ($43.3k) and Other Plastic Products ($1.96k). During the last 21 years the exports of South Korea to Montserrat have increased at an annualized rate of 11.2%, from $4.89k in 1998 to $45.3k in 2019.

In 2019, South Korea did not exported services to Montserrat.

Montserrat-South Korea: In 2019, Montserrat exported $35.4k to South Korea . The main products that Montserrat exported to South Korea were Low-voltage Protection Equipment ($11.2k), Other Rubber Products ($5.6k), and Electrical Resistors ($5.38k). During the last 21 years the exports of Montserrat to South Korea have increased at an annualized rate of 9.2%, from $5.57k in 1998 to $35.4k in 2019.

In 2019, Montserrat did not exported services to South Korea.

Comparison: In 2019,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.95),  and 6 in total exports ($555B). That same year, Montserrat ranked 220 in total exports ($6.82M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

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Depth
Value

In 2019, South Korea exported $45.3k to Montserrat. The main products exported from South Korea to Montserrat were Machinery Having Individual Functions ($43.3k) and Other Plastic Products ($1.96k). During the last 21 years the exports of South Korea to Montserrat have increased at an annualized rate of 11.2%, from $4.89k in 1998 to $45.3k in 2019.

In 2019, Montserrat exported $35.4k to South Korea. The main products exported from Montserrat to South Korea were Low-voltage Protection Equipment ($11.2k), Other Rubber Products ($5.6k), and Electrical Resistors ($5.38k). During the last 22 years the exports of Montserrat to South Korea have increased at an annualized rate of 9.2%, from $5.57k in 1997 to $35.4k in 2019.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $136B

Montserrat
Top Destination
: Antigua and Barbuda, $1.3M

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

In 2019, countries that imported more from South Korea than Montserrat were China ($136B), United States ($74.8B), and Vietnam ($47.8B).

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

Comparative Advantage South Korea - Montserrat

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Depth

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

During 2019, South Korea had a large net trade with Montserrat in the exports of Machines ($43.3k) and Plastics and Rubbers ($1.96k).

During 2019, Montserrat had a large net trade with South Korea in the exports of Machines ($23.2k), Plastics and Rubbers ($5.6k), and Miscellaneous ($4.62k).

Economic Complexity

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Competitive Landscape

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