2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-British Virgin Islands Trade: In 2022, South Korea exported $2.92M to British Virgin Islands. The main products that South Korea exported to British Virgin Islands were Cars ($2.44M), Delivery Trucks ($242k), and Electric Batteries ($64.3k). Over the past 5 years the exports of South Korea to British Virgin Islands have increased at an annualized rate of 4.41%, from $2.35M in 2017 to $2.92M in 2022.

In 2022, South Korea did not export any services to British Virgin Islands.

British Virgin Islands-South Korea Trade: In 2022, British Virgin Islands exported $1.28k to South Korea. The main products that British Virgin Islands exported to South Korea were Other Edible Preparations ($797), Printed Circuit Boards ($337), and Other Printed Material ($81). Over the past 5 years the exports of British Virgin Islands to South Korea have increased at an annualized rate of 12.3%,  from $252 in 2017 to $1.28k in 2022.

In 2022, British Virgin Islands 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, British Virgin Islands ranked 185 in total exports ($206M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $2.92M to British Virgin Islands. The main products exported from South Korea to British Virgin Islands were Cars ($2.44M), Delivery Trucks ($242k), and Electric Batteries ($64.3k). During the last 5 years the exports of South Korea to British Virgin Islands have increased at an annualized rate of 4.41%, from $2.35M in 2017 to $2.92M in 2022.

In 2017, British Virgin Islands exported $1.28k to South Korea. The main products exported from British Virgin Islands to South Korea were Other Edible Preparations ($797), Printed Circuit Boards ($337), and Other Printed Material ($81). During the last 5 years the exports of British Virgin Islands to South Korea have increased at an annualized rate of 12.3%, from $252 in 2022 to $1.28k in 2017.

Exports from South Korea (Flag) to British Virgin Islands (Flag) (2022)

Exports from British Virgin Islands (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
British Virgin Islands
Top Destination
Malta$85.8M

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

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

In 2022, no countries were registered that imported more from British Virgin Islands than from South Korea.

Difference in imports from British Virgin Islands (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - British Virgin Islands

Flow
Scale

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

During 2022, South Korea had a large net trade with British Virgin Islands in the exports of Transportation ($2.78M), Machines ($68.2k), and Foodstuffs ($43.7k).

During 2017, British Virgin Islands had a large net trade with South Korea in the exports of Foodstuffs ($797), Machines ($337), and Paper Goods ($81).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and British Virgin Islands (Flag) (2022)

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