Malta (MLT) and South Korea (KOR) Trade | OEC - The Observatory of Economic Complexity

About

Malta-South Korea In 2020, Malta exported $84.4M to South Korea. The main products that Malta exported to South Korea are Integrated Circuits ($47M), Fish Fillets ($20.1M), and Other Rubber Products ($3.32M). During the last 25 years the exports of Malta to South Korea have increased at an annualized rate of 4.33%, from $29.3M in 1995 to $84.4M in 2020.

In 2019, Malta exported services to South Korea worth $5.6M, with Other business services ($5.6M) being the largest in terms of value.

South Korea-Malta In 2020, South Korea exported $2.02B to Malta . The main products that South Korea exported to Malta were Passenger and Cargo Ships ($1.96B), Integrated Circuits ($17.9M), and Plastic Lids ($9.36M). During the last 25 years the exports of South Korea to Malta have increased at an annualized rate of 11.7%, from $126M in 1995 to $2.02B in 2020.

In 2020, South Korea did not export any services to Malta.

Comparison In 2020, Malta ranked 120 in total exports ($4.16B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

In 2020, Malta exported $84.4M to South Korea. The main products exported from Malta to South Korea were Integrated Circuits ($47M), Fish Fillets ($20.1M), and Other Rubber Products ($3.32M). During the last 25 years the exports of Malta to South Korea have increased at an annualized rate of 4.33%, from $29.3M in 1995 to $84.4M in 2020.

In 2020, South Korea exported $2.02B to Malta. The main products exported from South Korea to Malta were Passenger and Cargo Ships ($1.96B), Integrated Circuits ($17.9M), and Plastic Lids ($9.36M). During the last 25 years the exports of South Korea to Malta have increased at an annualized rate of 11.7%, from $126M in 1995 to $2.02B in 2020.

Latest Data

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Malta Exports

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Date

South Korea Exports

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Date

Market Competitiveness

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Measure

SectionYear

Malta
Top Destination: Germany, $496M

South Korea
Top Destination: China, $131B

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

In 2019, countries that imported more from Malta than South Korea were Cape Verde ($14.9M), South Sudan ($2.31M), and Lesotho ($810k).

In 2019, countries that imported more from South Korea than Malta were China ($131B), United States ($75B), and Vietnam ($48B).

Comparative Advantage Malta - South Korea

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Flow

Year

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

During 2020, Malta had a large net trade with South Korea in the exports of Machines ($53.1M), Animal Products ($20.9M), and Plastics and Rubbers ($4.72M).

During 2020, South Korea had a large net trade with Malta in the exports of Transportation ($1.97B), Machines ($27.4M), and Plastics and Rubbers ($15M).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Malta and South Korea (using the HS6 product classification and the last year reported).

In 2019, the products from Malta that paid the highest import tariffs to enter South Korea were Cereals, rolled or flaked grains nes (67.4%)and Cereal pellets (65.3%).

In 2018, the products from South Korea that paid the highest import tariffs to enter Malta were Rice in the husk (paddy or rough) (513%)and Rice, husked (brown) (513%).

*The tariffs present between Malta and South Korea are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
249: Preferential tariff for Korea, Republic of
249: Preferential tariff for Korea, Republic of

Service Trade

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Bilateral Service Trade

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Mlt Year

In 2019, Malta exported services to South Korea worth $5.6M, with Other business services ($5.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Malta Exports

South Korea Exports

Market Competitiveness

Comparative Advantage Malta - South Korea

Tariff Section

Tariffs

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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