2023
Flag  
GDP
$3.79BCURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP GROWTH
18.5%CURRENT US$
Rnk 145 / 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 
$46,812CURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP PC GROWTH
10.2%CURRENT US$
Rnk 132 / 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

Andorra-South Korea Trade: In 2023, Andorra exported $81.3k to South Korea. The main products that Andorra exported to South Korea were Non-Knit Women's Suits ($29.9k), Knit Sweaters ($13.1k), and Knit Women's Suits ($7.37k). Over the past 5 years the exports of Andorra to South Korea have decreased at an annualized rate of 22.5%, from $290k in 2018 to $81.3k in 2023.

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

South Korea-Andorra Trade: In 2023, South Korea exported $4.45M to Andorra. The main products that South Korea exported to Andorra were Cars ($2.09M), Broadcasting Equipment ($1.5M), and Computers ($115k). Over the past 5 years the exports of South Korea to Andorra have increased at an annualized rate of 4.71%,  from $3.53M in 2018 to $4.45M in 2023.

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

Comparison In 2023,  Andorra ranked 180 in total exports ($253M), and does not have data regarding Economic Complexity Index. 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, Andorra exported $81.3k to South Korea. The main products exported from Andorra to South Korea were Non-Knit Women's Suits ($29.9k), Knit Sweaters ($13.1k), and Knit Women's Suits ($7.37k). During the last 5 years the exports of Andorra to South Korea have decreased at an annualized rate of 22.5%, from $290k in 2018 to $81.3k in 2023.

In 2018, South Korea exported $4.45M to Andorra. The main products exported from South Korea to Andorra were Cars ($2.09M), Broadcasting Equipment ($1.5M), and Computers ($115k). During the last 5 years the exports of South Korea to Andorra have increased at an annualized rate of 4.71%, from $3.53M in 2023 to $4.45M in 2018.

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

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

Latest Data

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

South Korea Exports

Market Competitiveness

Color
Andorra
Top Destination
Spain$99.1M
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Andorra than South Korea included Algeria ($2.03M), Russia ($254k), and Liberia ($210k).

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

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

Comparative Advantage Andorra - South Korea

Flow
Scale

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

During 2023, Andorra had a large net trade with South Korea in the exports of Textiles ($66k), Footwear and Headwear ($7.32k), and Animal Hides ($4.15k).

During 2018, South Korea had a large net trade with Andorra in the exports of Transportation ($2.09M), Machines ($1.79M), and Chemical Products ($113k).

Economic Complexity

Competitive Landscape

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

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

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