Flag South Korea / Tuvalu Flag

2019
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Exports
: $277k, Rnk 204 / 215

2019
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Top Product
: $139k, Refined Petroleum

2019
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Exports
: $157, Rnk 42 / 49

2019
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Top Product
: $157, Insulated Wire

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
: $47.3M, CURRENT US$
Rnk 187 / 187

2009-2019
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GDP GROWTH
: 74.4%, CURRENT US$
Rnk 53 / 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 
: $4,059, CURRENT US$
Rnk 118 / 187

2009-2019
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GDP PC GROWTH
: 56.1%, CURRENT US$
Rnk 49 / 187

South Korea-Tuvalu: In 2019, South Korea exported $277k to Tuvalu. The main products that South Korea exported to Tuvalu are Refined Petroleum ($139k), Seats ($88.2k), and Motorcycles ($28.8k). During the last 24 years the exports of South Korea to Tuvalu have increased at an annualized rate of 14.7%, from $10.3k in 1995 to $277k in 2019.

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

Tuvalu-South Korea: In 2019, Tuvalu exported $157 to South Korea . The main products that Tuvalu exported to South Korea were Insulated Wire ($157). During the last 24 years the exports of Tuvalu to South Korea have decreased at an annualized rate of 21.8%, from $57.7k in 1995 to $157 in 2019.

In 2019, Tuvalu 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, Tuvalu ranked 213 in total exports ($17.8M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

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Depth
Value

In 2019, South Korea exported $277k to Tuvalu. The main products exported from South Korea to Tuvalu were Refined Petroleum ($139k), Seats ($88.2k), and Motorcycles ($28.8k). During the last 24 years the exports of South Korea to Tuvalu have increased at an annualized rate of 14.7%, from $10.3k in 1995 to $277k in 2019.

In 2019, Tuvalu exported $157 to South Korea. The main products exported from Tuvalu to South Korea were Insulated Wire ($157). During the last 16 years the exports of Tuvalu to South Korea have decreased at an annualized rate of 21.8%, from $57.7k in 2003 to $157 in 2019.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $136B

Tuvalu
Top Destination
: Thailand, $8.87M

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

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

Comparative Advantage South Korea - Tuvalu

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Depth

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

During 2019, South Korea had a large net trade with Tuvalu in the exports of Mineral Products ($139k), Miscellaneous ($88.2k), and Transportation ($28.8k).

During 2019, Tuvalu had a large net trade with South Korea in the exports of Machines ($157).

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