2022
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GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$60.3MCURRENT US$
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2012-2022
Flag
GDP GROWTH
53.4%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$5,335CURRENT US$
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2012-2022
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GDP PC GROWTH
47.2%CURRENT US$
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About

South Korea-Tuvalu Trade: In 2022, South Korea exported $4.79M to Tuvalu. The main products that South Korea exported to Tuvalu were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.6M), Engine Parts ($1.34M), and Stranded Iron Wire ($404k). Over the past 5 years the exports of South Korea to Tuvalu have increased at an annualized rate of 242%, from $10.3k in 2017 to $4.79M in 2022.

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

Tuvalu-South Korea Trade: In 2022, Tuvalu exported $18 to South Korea. The main products that Tuvalu exported to South Korea were Non-fillet Frozen Fish ($1.39M), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($17k), and Scrap Aluminium ($7.25k). Over the past 5 years the exports of Tuvalu to South Korea have decreased at an annualized rate of 80.1%,  from $57.7k in 2017 to $18 in 2022.

In 2022, Tuvalu 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, Tuvalu ranked 198 in total exports ($72.1M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $4.79M to Tuvalu. The main products exported from South Korea to Tuvalu were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.6M), Engine Parts ($1.34M), and Stranded Iron Wire ($404k). During the last 5 years the exports of South Korea to Tuvalu have increased at an annualized rate of 242%, from $10.3k in 2017 to $4.79M in 2022.

In 2017, Tuvalu exported $18 to South Korea. The main products exported from Tuvalu to South Korea were Non-fillet Frozen Fish ($1.39M), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($17k), and Scrap Aluminium ($7.25k). During the last 14 years the exports of Tuvalu to South Korea have decreased at an annualized rate of 80.1%, from $57.7k in 2003 to $18 in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Tuvalu
Top Destination
Thailand$50M

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

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

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

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

Comparative Advantage South Korea - Tuvalu

Flow
Scale

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

During 2022, South Korea had a large net trade with Tuvalu in the exports of Textiles ($1.64M), Machines ($1.36M), and Metals ($528k).

During 2017, Tuvalu had a large net trade with South Korea in the exports of Animal Products ($1.39M), Textiles ($17.4k), and Metals ($7.25k).

Economic Complexity

Competitive Landscape

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

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

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