Moldova (MDA) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Moldova-South Korea Trade: In 2023, Moldova exported $765k to South Korea. The main products that Moldova exported to South Korea were Wine ($563k), Baked Goods ($38.8k), and Sports Equipment ($32.6k). Over the past 5 years the exports of Moldova to South Korea have decreased at an annualized rate of 44.6%, from $14.7M in 2018 to $765k in 2023.

In 2023, Moldova did not export any services to South Korea.

South Korea-Moldova Trade: In 2023, South Korea exported $62.7M to Moldova. The main products that South Korea exported to Moldova were Coated Flat-Rolled Iron ($16.9M), Cars ($13.1M), and Beauty Products ($5.59M). Over the past 5 years the exports of South Korea to Moldova have increased at an annualized rate of 10.2%, from $38.5M in 2018 to $62.7M in 2023.

In 2023, South Korea did not export any services to Moldova.

Comparison: In 2023, Moldova ranked 68 in the Economic Complexity Index (ECI -0.13), and 131 in total exports ($4.81B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Moldova exported $765k to South Korea. The main products exported from Moldova to South Korea were Wine ($563k), Baked Goods ($38.8k), and Sports Equipment ($32.6k). During the last 5 years the exports of Moldova to South Korea have decreased at an annualized rate of 44.6%, from $14.7M in 2018 to $765k in 2023.

In 2018, South Korea exported $62.7M to Moldova. The main products exported from South Korea to Moldova were Coated Flat-Rolled Iron ($16.9M), Cars ($13.1M), and Beauty Products ($5.59M). During the last 5 years the exports of South Korea to Moldova have increased at an annualized rate of 10.2%, from $38.5M in 2023 to $62.7M in 2018.

Exports from Moldova () to South Korea () (2023)

Exports from South Korea () to Moldova () (2023)

Latest Data

Trade between Moldova () and South Korea ()

Moldova Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Moldova
Top DestinationRomania$1.5B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Moldova than South Korea included Romania ($1.5B), Russia ($144M), and Belarus ($84.1M).

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

Difference in imports from South Korea () and Moldova () (2023)

Comparative Advantage Moldova - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Moldova had a large net trade with South Korea in the exports of Foodstuffs ($701k), Miscellaneous ($32.6k), and Instruments ($9.58k).

During 2018, South Korea had a large net trade with Moldova in the exports of Metals ($17.4M), Transportation ($14.3M), and Chemical Products ($8.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Moldova South Korea+$3.79MCorn

Top Product Potential South Korea Moldova+$5.83MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Moldova () to South Korea () (2023)

Exports from South Korea () to Moldova () (2023)

Latest Data

Trade between Moldova () and South Korea ()

Moldova Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Moldova () (2023)

Comparative Advantage Moldova - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Moldova () and South Korea () (2023)

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