2022
Flag  
GDP
$151MCURRENT US$
Rnk 185 / 186
2012-2022
Flag
GDP GROWTH
49.3%CURRENT US$
Rnk 63 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$11,914CURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP PC GROWTH
23.1%CURRENT US$
Rnk 77 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Nauru-South Korea Trade: In 2022, Nauru exported $20.9M to South Korea. The main products that Nauru exported to South Korea were Calcium Phosphates ($19M), Non-fillet Frozen Fish ($1.93M), and Integrated Circuits ($874). Over the past 5 years the exports of Nauru to South Korea have increased at an annualized rate of 39.5%, from $3.95M in 2017 to $20.9M in 2022.

In 2022, Nauru did not export any services to South Korea.

South Korea-Nauru Trade: In 2022, South Korea exported $1.35M to Nauru. The main products that South Korea exported to Nauru were Engine Parts ($576k), Boat Propellers ($257k), and Ball Bearings ($99.7k). Over the past 5 years the exports of South Korea to Nauru have increased at an annualized rate of 20.5%,  from $144k in 2017 to $1.35M in 2022.

In 2022, South Korea did not export any services to Nauru.

Comparison In 2022,  Nauru ranked 189 in total exports ($198M), 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
Value

In 2022, Nauru exported $20.9M to South Korea. The main products exported from Nauru to South Korea were Calcium Phosphates ($19M), Non-fillet Frozen Fish ($1.93M), and Integrated Circuits ($874). During the last 5 years the exports of Nauru to South Korea have increased at an annualized rate of 39.5%, from $3.95M in 2017 to $20.9M in 2022.

In 2017, South Korea exported $1.35M to Nauru. The main products exported from South Korea to Nauru were Engine Parts ($576k), Boat Propellers ($257k), and Ball Bearings ($99.7k). During the last 5 years the exports of South Korea to Nauru have increased at an annualized rate of 20.5%, from $144k in 2022 to $1.35M in 2017.

Exports from Nauru (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Nauru (Flag) (2022)

Latest Data

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

South Korea Exports

Market Competitiveness

Color
Nauru
Top Destination
Thailand$117M
South Korea
Top Destination
China$150B

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

In 2022, no countries were registered that imported more from Nauru than from South Korea.

In 2022, countries that imported more from South Korea than Nauru included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Nauru (Flag) (2022)

Comparative Advantage Nauru - South Korea

Flow
Scale

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

During 2022, Nauru had a large net trade with South Korea in the exports of Mineral Products ($19M), Animal Products ($1.93M), and Machines ($874).

During 2017, South Korea had a large net trade with Nauru in the exports of Machines ($1.21M), Mineral Products ($91.2k), and Foodstuffs ($23.6k).

Economic Complexity

Competitive Landscape

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

Product Space of Nauru (Flag) and South Korea (Flag) (2022)

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