Vanuatu (VUT) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Vanuatu-South Korea Trade: In 2022, Vanuatu exported $14.1M to South Korea. The main products that Vanuatu exported to South Korea were Non-fillet Frozen Fish ($12.2M), Molluscs ($1.4M), and Fish Fillets ($303k). Over the past 5 years the exports of Vanuatu to South Korea have increased at an annualized rate of 11%, from $8.36M in 2017 to $14.1M in 2022.

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

South Korea-Vanuatu Trade: In 2022, South Korea exported $6.08M to Vanuatu. The main products that South Korea exported to Vanuatu were Cars ($2.3M), Delivery Trucks ($855k), and Navigation Equipment ($485k). Over the past 5 years the exports of South Korea to Vanuatu have decreased at an annualized rate of 3.01%, from $7.08M in 2017 to $6.08M in 2022.

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

Comparison In 2022, Vanuatu ranked 186 in total exports ($205M), 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 2022, Vanuatu exported $14.1M to South Korea. The main products exported from Vanuatu to South Korea were Non-fillet Frozen Fish ($12.2M), Molluscs ($1.4M), and Fish Fillets ($303k). During the last 5 years the exports of Vanuatu to South Korea have increased at an annualized rate of 11%, from $8.36M in 2017 to $14.1M in 2022.

In 2017, South Korea exported $6.08M to Vanuatu. The main products exported from South Korea to Vanuatu were Cars ($2.3M), Delivery Trucks ($855k), and Navigation Equipment ($485k). During the last 5 years the exports of South Korea to Vanuatu have decreased at an annualized rate of 3.01%, from $7.08M in 2022 to $6.08M in 2017.

Exports from Vanuatu () to South Korea () (2022)

Exports from South Korea () to Vanuatu () (2022)

Latest Data

Trade between Vanuatu () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vanuatu
Top DestinationThailand$86.1M

South Korea
Top DestinationChina$150B

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

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

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

Difference in imports from South Korea () and Vanuatu () (2022)

Comparative Advantage Vanuatu - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vanuatu had a large net trade with South Korea in the exports of Animal Products ($13.9M), Chemical Products ($83.8k), and Transportation ($58k).

During 2017, South Korea had a large net trade with Vanuatu in the exports of Transportation ($3.9M), Machines ($1.05M), and Metals ($340k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Vanuatu () to South Korea () (2022)

Exports from South Korea () to Vanuatu () (2022)

Latest Data

Trade between Vanuatu () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Vanuatu () (2022)

Comparative Advantage Vanuatu - South Korea

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Vanuatu () and South Korea () (2022)

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