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Pricing

2022
Flag → Flag
Exports $1.5MRnk 197 / 220
2022
Flag → Flag
Top Product $1.36MMachinery Having Individual Functions
2022
Flag → Flag
Exports $69.6kRnk 10 / 65
2022
Flag → Flag
Top Product $37.6kChemical Analysis Instruments
2022
Flag
Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Montserrat In 2022, South Korea exported $1.5M to Montserrat. The main products that South Korea exported to Montserrat are Machinery Having Individual Functions ($1.36M), Liquid Pumps ($132k), and Other Plastic Products ($3.3k). During the last 24 years the exports of South Korea to Montserrat have increased at an annualized rate of 26.9%, from $4.89k in 1998 to $1.5M in 2022.

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

Montserrat-South Korea In 2022, Montserrat exported $69.6k to South Korea. The main products that Montserrat exported to South Korea were Chemical Analysis Instruments ($37.6k), Low-voltage Protection Equipment ($9.14k), and Valves ($8.98k). During the last 24 years the exports of Montserrat to South Korea have increased at an annualized rate of 11.2%, from $5.4k in 1998 to $69.6k in 2022.

In 2022, Montserrat 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, Montserrat ranked 220 in total exports ($6.58M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, South Korea exported $0 and imported $5k from Montserrat, resulting in a negative trade balance of $5k. Between December 2022 and December 2023 the exports of South Korea have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $3k (150%) from $2k to $5k.

Trade In December 2023, the top exports of South Korea to Montserrat were Machinery, mechanical appliances, & parts ($0). In December 2023 the top imports of South Korea from Montserrat were Machinery, mechanical appliances, & parts ($0).

Growth In December 2023, the change in South Korea's year-by-year exports to Montserrat was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-3k or -100%). In December 2023, the increase in South Korea's year-by-year imports  from Montserrat was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)$0(N/A%)
IMPORT GROWTH (December 2022 - December 2023)$3k(150%)

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 Montserrat 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 $1.5M to Montserrat. The main products exported from South Korea to Montserrat were Machinery Having Individual Functions ($1.36M), Liquid Pumps ($132k), and Other Plastic Products ($3.3k). During the last 24 years the exports of South Korea to Montserrat have increased at an annualized rate of 26.9%, from $4.89k in 1998 to $1.5M in 2022.

In 2022, Montserrat exported $69.6k to South Korea. The main products exported from Montserrat to South Korea were Chemical Analysis Instruments ($37.6k), Low-voltage Protection Equipment ($9.14k), and Valves ($8.98k). During the last 25 years the exports of Montserrat to South Korea have increased at an annualized rate of 11.2%, from $5.4k in 1997 to $69.6k in 2022.

Exports from South Korea (Flag) to Montserrat (Flag) (2022)

Exports from Montserrat (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Montserrat
Top DestinationUnited States$1.54M

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

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

Difference in imports from Montserrat (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Montserrat

Flow
Scale

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

During 2022, South Korea had a large net trade with Montserrat in the exports of Machines ($1.5M), Plastics and Rubbers ($3.3k), and Transportation ($700).

During 2022, Montserrat had a large net trade with South Korea in the exports of Instruments ($37.6k), Machines ($20.7k), and Metals ($8.08k).

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 Montserrat. Similarly, the more yellow a dot/product is, the more Montserrat has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Montserrat (Flag) (2022)

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