South Korea (KOR) and British Virgin Islands (VGB) Trade | The Observatory of Economic Complexity

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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 N/A. 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 $1.33k to South Korea. The main products that British Virgin Islands exported to South Korea were N/A. Over the past 5 years the exports of British Virgin Islands to South Korea have increased at an annualized rate of 39.4%, from $252 in 2017 to $1.33k in 2022.

In 2022, British Virgin Islands 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, British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

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Overview In December 2024, South Korea exported $216k and imported $0 from British Virgin Islands, resulting in a positive trade balance of $216k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-563k (-72.3%) from $779k to $216k, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In December 2024, the top exports of South Korea to British Virgin Islands were Cars, tractors, trucks & parts thereof. ($1.11M), Miscellaneous edible preparations ($0), Leather articles ($0), and Books, newspapers, & other prints ($0). In December 2024 the top imports of South Korea from British Virgin Islands were Miscellaneous edible preparations ($0), Leather articles ($0), Books, newspapers, & other prints ($0), and Cars, tractors, trucks & parts thereof. ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to British Virgin Islands was explained primarily by an decrease in product exports in . In December 2024, the change in South Korea's year-by-year imports from British Virgin Islands was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $2.92M to British Virgin Islands. There were not main exports from South Korea to British Virgin Islands in 2022. 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 $1.33k to South Korea. There were not main exports from British Virgin Islands to South Korea in 2017. During the last 5 years the exports of British Virgin Islands to South Korea have increased at an annualized rate of 39.4%, from $252 in 2022 to $1.33k in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$162B

British Virgin Islands
Top DestinationMalta$93.7M

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 2023, countries that imported more from South Korea than British Virgin Islands included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from British Virgin Islands than South Korea included Guyana ($61.6M) and Montserrat ($18.4k).

Difference in imports from British Virgin Islands () and South Korea () (2023)

Comparative Advantage South Korea - British Virgin Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 .

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

Economic Complexity

Competitive Landscape

Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

Difference in imports from British Virgin Islands () and South Korea () (2023)

Comparative Advantage South Korea - British Virgin Islands

Economic Complexity

Competitive Landscape

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

Difference in imports from British Virgin Islands () and South Korea () (2023)

Comparative Advantage South Korea - British Virgin Islands

Economic Complexity

Competitive Landscape

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

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