Norfolk Island (NFK) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Norfolk Island-South Korea Trade: In 2020, Norfolk Island exported $264 to South Korea. The main products that Norfolk Island exported to South Korea were N/A. Over the past 7 years the exports of Norfolk Island to South Korea have decreased at an annualized rate of 42.9%, from $13.3k in 2013 to $264 in 2020.

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

South Korea-Norfolk Island Trade: In 2020, South Korea exported $5.1k to Norfolk Island. The main products that South Korea exported to Norfolk Island were N/A. Over the past 7 years the exports of South Korea to Norfolk Island have decreased at an annualized rate of 53%, from $223k in 2013 to $5.1k in 2020.

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

Comparison In 2022, Norfolk Island ranked 225 in total exports ($1.96M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 7 years the exports of Norfolk Island to South Korea have decreased at an annualized rate of 42.9%, from $13.3k in 2013 to $264 in 2020.

In 2014, South Korea exported $5.1k to Norfolk Island. There were not main exports from South Korea to Norfolk Island in 2014. During the last 5 years the exports of South Korea to Norfolk Island have decreased at an annualized rate of 53%, from $223k in 2019 to $5.1k in 2014.

Exports from Norfolk Island () to South Korea () (2020)

Exports from South Korea () to Norfolk Island () (2020)

Latest Data

Trade between Norfolk Island () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norfolk Island
Top DestinationN/AN/A

South Korea
Top DestinationN/AN/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

Difference in imports from South Korea () and Norfolk Island () (2022)

Comparative Advantage Norfolk Island - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2014, South Korea had a large net trade with Norfolk Island in the exports of .

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Norfolk Island () to South Korea () (2020)

Exports from South Korea () to Norfolk Island () (2020)

Latest Data

Trade between Norfolk Island () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Norfolk Island () (2022)

Comparative Advantage Norfolk Island - South Korea

Economic Complexity

Competitive Landscape

Product Space of Norfolk Island () and South Korea () (2020)

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