2023
Flag  
GDP
$66.8BCURRENT US$
Rnk 86 / 195
2013-2023
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 154 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$1,233CURRENT US$
Rnk 173 / 195
2013-2023
Flag
GDP PC GROWTH
2.84%CURRENT US$
Rnk 149 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Burma-South Korea Trade: In 2023, Burma exported $404M to South Korea. The main products that Burma exported to South Korea were Non-Knit Men's Coats ($57.3M), Non-Knit Women's Coats ($52.2M), and Non-Knit Men's Suits ($50M). Over the past 5 years the exports of Burma to South Korea have decreased at an annualized rate of 6.96%, from $580M in 2018 to $404M in 2023.

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

South Korea-Burma Trade: In 2023, South Korea exported $553M to Burma. The main products that South Korea exported to Burma were Special Purpose Ships ($354M), Mixed Mineral or Chemical Fertilizers ($21.6M), and Large Construction Vehicles ($15.4M). Over the past 5 years the exports of South Korea to Burma have decreased at an annualized rate of 4.15%,  from $684M in 2018 to $553M in 2023.

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

Comparison: In 2023,  Burma ranked 108 in the Economic Complexity Index (ECI -0.91), and 77 in total exports ($22.1B). 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
Value

In 2023, Burma exported $404M to South Korea. The main products exported from Burma to South Korea were Non-Knit Men's Coats ($57.3M), Non-Knit Women's Coats ($52.2M), and Non-Knit Men's Suits ($50M). During the last 5 years the exports of Burma to South Korea have decreased at an annualized rate of 6.96%, from $580M in 2018 to $404M in 2023.

In 2018, South Korea exported $553M to Burma. The main products exported from South Korea to Burma were Special Purpose Ships ($354M), Mixed Mineral or Chemical Fertilizers ($21.6M), and Large Construction Vehicles ($15.4M). During the last 5 years the exports of South Korea to Burma have decreased at an annualized rate of 4.15%, from $684M in 2023 to $553M in 2018.

Exports from Burma (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Burma (Flag) (2023)

Latest Data

Trade between Burma (Flag) and South Korea (Flag)

Burma Exports

South Korea Exports

Market Competitiveness

Color
Burma
Top Destination
China$6.97B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Burma than South Korea included Vietnam ($149M), Bangladesh ($67.2M), and Russia ($38.6M).

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

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

Comparative Advantage Burma - South Korea

Flow
Scale

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

During 2023, Burma had a large net trade with South Korea in the exports of Textiles ($326M), Metals ($18.1M), and Footwear and Headwear ($17.6M).

During 2018, South Korea had a large net trade with Burma in the exports of Transportation ($370M), Chemical Products ($54.2M), and Textiles ($34.2M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Burma and South Korea. This means that a dot/product with the flag of Burma 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 Burma.

Product Space of Burma (Flag) and South Korea (Flag) (2023)

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