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2022
Flag → Flag
Exports $4.01MRnk 213 / 0
2022
Flag → Flag
Exports $1.55MRnk 19 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$62.3MCURRENT US$
Rnk 195 / 195
2013-2023
Flag
GDP GROWTH61.3%CURRENT US$
Rnk 52 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$6,345CURRENT US$
Rnk 110 / 196
2013-2023
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GDP PC GROWTH80.8%CURRENT US$
Rnk 16 / 195

About

South Korea-Tuvalu Trade: In 2022, South Korea exported $4.01M to Tuvalu. The main products that South Korea exported to Tuvalu were N/A. Over the past 5 years the exports of South Korea to Tuvalu have decreased at an annualized rate of 3.45%, from $4.79M in 2017 to $4.01M in 2022.

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

Tuvalu-South Korea Trade: In 2022, Tuvalu exported $1.55M to South Korea. The main products that Tuvalu exported to South Korea were N/A. Over the past 5 years the exports of Tuvalu to South Korea have increased at an annualized rate of 871%,  from $18 in 2017 to $1.55M in 2022.

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

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Tuvalu ranked 204 in total exports ($52.3M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $270k and imported $2k from Tuvalu, resulting in a positive trade balance of $268k. Between December 2023 and December 2024 the exports of South Korea have increased by $117k (76.5%) from $153k to $270k, while imports increased by $1k (100%) from $1k to $2k.

Trade In December 2024, the top exports of South Korea to Tuvalu were Wadding, felt, nonwovens, twin, ropes, &... ($900k), Electrical machinery and electronics ($56k), Salt, sulphur, cement, lime, stone, &... ($27k), Machinery, mechanical appliances, & parts ($6k), and Fish, Crustaceans & Molluscs ($0). In December 2024 the top imports of South Korea from Tuvalu were Fish, Crustaceans & Molluscs ($219k), Salt, sulphur, cement, lime, stone, &... ($0), Wadding, felt, nonwovens, twin, ropes, &... ($0), Knitted clothing accesories ($0), and Machinery, mechanical appliances, & parts ($0).

Growth In December 2024, the increase in South Korea's year-by-year exports to Tuvalu was explained primarily by an increase in product exports in . In December 2024, the increase in South Korea's year-by-year imports  from Tuvalu was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$117k(76.5%)
IMPORT GROWTH (December 2023 - December 2024)$1k(100%)

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

For full datasets download visit Bulk Download page.

Explore Tuvalu and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $4.01M to Tuvalu. There were not main exports from South Korea to Tuvalu in 2022. During the last 5 years the exports of South Korea to Tuvalu have decreased at an annualized rate of 3.45%, from $4.79M in 2017 to $4.01M in 2022.

In 2017, Tuvalu exported $1.55M to South Korea. There were not main exports from Tuvalu to South Korea in 2017. During the last 5 years the exports of Tuvalu to South Korea have increased at an annualized rate of 871%, from $18 in 2022 to $1.55M 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 DestinationN/AN/A
Tuvalu
Top DestinationN/AN/A

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.

N/A

N/A

Difference in imports from Tuvalu (Flag) and South Korea (Flag) (2023)

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 .

During 2017, Tuvalu had a large net trade with South Korea in the exports of .

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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