South Korea (KOR) and Timor-Leste (TLS) Trade | The Observatory of Economic Complexity

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.

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $422k and imported $6k from Timor-Leste, resulting in a positive trade balance of $416k. Between October 2023 and October 2024 the exports of South Korea have increased by $70k (19.9%) from $352k to $422k, while imports decreased by $-141k (-95.9%) from $147k to $6k.

Trade In October 2024, the top exports of South Korea to Timor-Leste were Chemical products n.e.s. ($72k), Preparations of cereals, flour, starch or... ($16k), Coffee, tea, mate & spices ($0), and Optical, photo, & film equipment; medical... ($0). In October 2024 the top imports of South Korea from Timor-Leste were Coffee, tea, mate & spices ($36k), Preparations of cereals, flour, starch or... ($0), Chemical products n.e.s. ($0), and Optical, photo, & film equipment; medical... ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Timor-Leste was explained primarily by an increase in product exports in Chemical products n.e.s. ($67k or 1.34k%). In October 2024, the decrease in South Korea's year-by-year imports from Timor-Leste was explained primarily by an decrease in product imports in Coffee, tea, mate & spices ($-3k or -7.69%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Timor-Leste () (2022)

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Timor-Leste
Top DestinationChina$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 () and South Korea () (2022)

Comparative Advantage South Korea - Timor-Leste

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage South Korea - Timor-Leste

Economic Complexity

Competitive Landscape

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage South Korea - Timor-Leste

Economic Complexity

Competitive Landscape

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

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