Flag South Korea / Tonga Flag

2019
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Exports
: $3.28M, Rnk 183 / 215

2019
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Top Product
: $1.45M, Passenger and Cargo Ships

2019
Flag β†’ Flag
Exports
: $2.65M, Rnk 2 / 45

2019
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Top Product
: $2.25M, Other Vegetables

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
: $512M, CURRENT US$
Rnk 182 / 187

2009-2019
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GDP GROWTH
: 64%, CURRENT US$
Rnk 71 / 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

2019
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GDP PC 
: $4,903, CURRENT US$
Rnk 105 / 187

2009-2019
Flag
GDP PC GROWTH
: 63.1%, CURRENT US$
Rnk 41 / 187

South Korea-Tonga: In 2019, South Korea exported $3.28M to Tonga. The main products that South Korea exported to Tonga are Passenger and Cargo Ships ($1.45M), Electric Batteries ($1.3M), and Cars ($195k). During the last 24 years the exports of South Korea to Tonga have increased at an annualized rate of 10.8%, from $283k in 1995 to $3.28M in 2019.

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

Tonga-South Korea: In 2019, Tonga exported $2.65M to South Korea . The main products that Tonga exported to South Korea were Other Vegetables ($2.25M), Industrial Fatty Acids, Oils and Alcohols ($143k), and Fruit Juice ($115k). During the last 24 years the exports of Tonga to South Korea have increased at an annualized rate of 20.1%, from $32.4k in 1995 to $2.65M in 2019.

In 2019, Tonga 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, Tonga ranked 215 in total exports ($14.9M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

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Depth
Value

In 2019, South Korea exported $3.28M to Tonga. The main products exported from South Korea to Tonga were Passenger and Cargo Ships ($1.45M), Electric Batteries ($1.3M), and Cars ($195k). During the last 24 years the exports of South Korea to Tonga have increased at an annualized rate of 10.8%, from $283k in 1995 to $3.28M in 2019.

In 2019, Tonga exported $2.65M to South Korea. The main products exported from Tonga to South Korea were Other Vegetables ($2.25M), Industrial Fatty Acids, Oils and Alcohols ($143k), and Fruit Juice ($115k). During the last 24 years the exports of Tonga to South Korea have increased at an annualized rate of 20.1%, from $32.4k in 1995 to $2.65M in 2019.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $136B

Tonga
Top Destination
: United States, $5.61M

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

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

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

Comparative Advantage South Korea - Tonga

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Depth

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

During 2019, South Korea had a large net trade with Tonga in the exports of Transportation ($1.76M), Machines ($1.4M), and Paper Goods ($72.2k).

During 2019, Tonga had a large net trade with South Korea in the exports of Vegetable Products ($2.25M), Chemical Products ($143k), and Foodstuffs ($135k).

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