Flag Norfolk Island / South Korea Flag

2020
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Exports
: $264, Rnk 31 / 0

2020
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Exports
: $5.1k, Rnk 4 / 0

2021
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Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
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 GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
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GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
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GDP PC
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
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GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

Norfolk Island-South Korea In 2020, Norfolk Island exported $264 to South Korea. The main products that Norfolk Island exported to South Korea are N/A. During the last 24 years the exports of Norfolk Island to South Korea have decreased at an annualized rate of 24.3%, from $209k in 1996 to $264 in 2020.

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

South Korea-Norfolk Island In 2020, South Korea exported $5.1k to Norfolk Island. The main products that South Korea exported to Norfolk Island were N/A. During the last 24 years the exports of South Korea to Norfolk Island have decreased at an annualized rate of 10.5%, from $72.3k in 1996 to $5.1k in 2020.

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

Comparison In 2021,  Norfolk Island ranked 225 in total exports ($1.98M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Norfolk Island exported $264 to South Korea. There were not main exports from Norfolk Island to South Korea in 2020. During the last 24 years the exports of Norfolk Island to South Korea have decreased at an annualized rate of 24.3%, from $209k in 1996 to $264 in 2020.

In 2019, South Korea exported $5.1k to Norfolk Island. There were not main exports from South Korea to Norfolk Island in 2019. During the last 24 years the exports of South Korea to Norfolk Island have decreased at an annualized rate of 10.5%, from $72.3k in 1995 to $5.1k in 2019.

South Korea Exports

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Market Competitiveness

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Color

Norfolk Island
Top Destination
: N/A, N/A

South Korea
Top Destination
: N/A, N/A

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

N/A

N/A

Comparative Advantage Norfolk Island - South Korea

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Flow
Scale

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

During 2020, Norfolk Island had a large net trade with South Korea in the exports of .

During 2019, South Korea had a large net trade with Norfolk Island in the exports of .

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Norfolk Island has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Norfolk Island.