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2022
Flag → Flag
Exports $191kRnk 208 / 220
2022
Flag → Flag
Top Product $66.5kFlavored Water
2022
Flag → Flag
Exports $839kRnk 6 / 53
2022
Flag → Flag
Top Product $752kOther Vegetables
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
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-Tonga Trade: In 2022, South Korea exported $191k to Tonga. The main products that South Korea exported to Tonga were Flavored Water ($66.5k), Brochures ($46.5k), and X-Ray Equipment ($32.2k). Over the past 5 years the exports of South Korea to Tonga have decreased at an annualized rate of 10.2%, from $327k in 2017 to $191k in 2022.

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

Tonga-South Korea Trade: In 2022, Tonga exported $839k to South Korea. The main products that Tonga exported to South Korea were Other Vegetables ($752k), Industrial Fatty Acids, Oils and Alcohols ($79.1k), and Processed Crustaceans ($6.69k). Over the past 5 years the exports of Tonga to South Korea have decreased at an annualized rate of 24.1%,  from $3.34M in 2017 to $839k in 2022.

In 2022, Tonga 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, Tonga ranked 215 in total exports ($12.8M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $18k and imported $6k from Tonga, resulting in a positive trade balance of $12k. Between July 2023 and July 2024 the exports of South Korea have decreased by $-646k (-97.3%) from $664k to $18k, while imports decreased by $-33k (-84.6%) from $39k to $6k.

Trade In July 2024, the top exports of South Korea to Tonga were Edible vegetables, roots, & tubers ($0), Oils seeds, oleaginous fruits, grains, straw... ($0), Preparations of vegetables, fruit, nuts or... ($0), Electrical machinery and electronics ($0), and Optical, photo, & film equipment; medical... ($0). In July 2024 the top imports of South Korea from Tonga were Edible vegetables, roots, & tubers ($63k), Preparations of vegetables, fruit, nuts or... ($19k), Electrical machinery and electronics ($14k), Oils seeds, oleaginous fruits, grains, straw... ($3k), and Optical, photo, & film equipment; medical... ($0).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Tonga was explained primarily by an decrease in product exports in . In July 2024, the decrease in South Korea's year-by-year imports  from Tonga was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-646k(-97.3%)
IMPORT GROWTH (July 2023 - July 2024)$-33k(-84.6%)

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 Tonga and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Tonga and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $191k to Tonga. The main products exported from South Korea to Tonga were Flavored Water ($66.5k), Brochures ($46.5k), and X-Ray Equipment ($32.2k). During the last 5 years the exports of South Korea to Tonga have decreased at an annualized rate of 10.2%, from $327k in 2017 to $191k in 2022.

In 2017, Tonga exported $839k to South Korea. The main products exported from Tonga to South Korea were Other Vegetables ($752k), Industrial Fatty Acids, Oils and Alcohols ($79.1k), and Processed Crustaceans ($6.69k). During the last 5 years the exports of Tonga to South Korea have decreased at an annualized rate of 24.1%, from $3.34M in 2022 to $839k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Tonga
Top DestinationUnited States$3.94M

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

In 2022, no countries were registered that imported more from Tonga than from South Korea.

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

Comparative Advantage South Korea - Tonga

Flow
Scale

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

During 2022, South Korea had a large net trade with Tonga in the exports of Foodstuffs ($76.3k), Paper Goods ($46.5k), and Instruments ($32.2k).

During 2017, Tonga had a large net trade with South Korea in the exports of Vegetable Products ($752k), Chemical Products ($79.1k), and Foodstuffs ($6.69k).

Economic Complexity

Competitive Landscape

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

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

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