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2023
Flag → Flag
Exports $4.45MRnk 133 / 142
2023
Flag → Flag
Top Product $2.09MCars
2023
Flag → Flag
Exports $81.3kRnk 75 / 144
2023
Flag → Flag
Top Product $29.9kNon-Knit Women's Suits
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$3.79BCURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP GROWTH18.5%CURRENT US$
Rnk 145 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$46,812CURRENT US$
Rnk 29 / 196
2013-2023
Flag
GDP PC GROWTH10.2%CURRENT US$
Rnk 132 / 195

About

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.

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.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Andorra ranked 180 in total exports ($253M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $2k and imported $3k from Andorra, resulting in a negative trade balance of $1k. Between December 2023 and December 2024 the exports of South Korea have remained the same by $0 (0%) from $2k to $2k, while imports increased by $1k (50%) from $2k to $3k.

Trade In December 2024, the top exports of South Korea to Andorra were Perfumery & cosmetics ($1k), Non-knitted clothing accesories ($0), and Machinery, mechanical appliances, & parts ($0). In December 2024 the top imports of South Korea from Andorra were Non-knitted clothing accesories ($1k), Perfumery & cosmetics ($0), and Machinery, mechanical appliances, & parts ($0).

Growth In December 2024, the change in South Korea's year-by-year exports to Andorra was explained primarily by an decrease in product exports in Perfumery & cosmetics ($-7k or -87.5%). In December 2024, the increase in South Korea's year-by-year imports  from Andorra was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$0(0%)
IMPORT GROWTH (December 2023 - December 2024)$1k(50%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Andorra and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Andorra and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $4.45M in 2023.

In 2018, 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 2023 to $81.3k in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Andorra
Top DestinationSpain$99.1M

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

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

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

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

Comparative Advantage South Korea - Andorra

Flow
Scale

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

During 2023, South Korea had a large net trade with Andorra in the exports of Transportation ($2.09M), Machines ($1.79M), and Chemical Products ($113k).

During 2018, 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).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Andorra. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Andorra. Similarly, a dot/product with the flag of Andorra indicates it has a comparative advantage over South Korea.

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

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