2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$3.16BCURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP GROWTH
173%CURRENT US$
Rnk 5 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC
$2,358CURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP PC GROWTH
131%CURRENT US$
Rnk 3 / 186

About

South Korea-Timor-Leste Trade: In 2022, South Korea exported $4.06M to Timor-Leste. The main products that South Korea exported to Timor-Leste were Refined Petroleum ($1.18M), Flavored Water ($1.11M), and Pasta ($455k). Over the past 5 years the exports of South Korea to Timor-Leste have decreased at an annualized rate of 17%, from $10.3M in 2017 to $4.06M in 2022.

In 2022, South Korea did not export any services to Timor-Leste.

Timor-Leste-South Korea Trade: In 2022, Timor-Leste exported $68.5M to South Korea. The main products that Timor-Leste exported to South Korea were Crude Petroleum ($67.7M), Other Processed Fruits and Nuts ($386k), and Coffee ($347k). Over the past 5 years the exports of Timor-Leste to South Korea have increased at an annualized rate of 124%,  from $1.23M in 2017 to $68.5M in 2022.

In 2022, Timor-Leste 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, Timor-Leste ranked 170 in total exports ($513M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $4.06M to Timor-Leste. The main products exported from South Korea to Timor-Leste were Refined Petroleum ($1.18M), Flavored Water ($1.11M), and Pasta ($455k). During the last 5 years the exports of South Korea to Timor-Leste have decreased at an annualized rate of 17%, from $10.3M in 2017 to $4.06M in 2022.

In 2017, Timor-Leste exported $68.5M to South Korea. The main products exported from Timor-Leste to South Korea were Crude Petroleum ($67.7M), Other Processed Fruits and Nuts ($386k), and Coffee ($347k). During the last 5 years the exports of Timor-Leste to South Korea have increased at an annualized rate of 124%, from $1.23M in 2022 to $68.5M in 2017.

Exports from South Korea (Flag) to Timor-Leste (Flag) (2022)

Exports from Timor-Leste (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Timor-Leste
Top Destination
China$131M

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

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

In 2022, no countries were registered that imported more from Timor-Leste than from South Korea.

Difference in imports from Timor-Leste (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Timor-Leste

Flow
Scale

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

During 2022, South Korea had a large net trade with Timor-Leste in the exports of Foodstuffs ($1.6M), Mineral Products ($1.18M), and Chemical Products ($453k).

During 2017, Timor-Leste had a large net trade with South Korea in the exports of Mineral Products ($67.7M), Foodstuffs ($386k), and Vegetable Products ($347k).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Timor-Leste (Flag) (2022)

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