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2023
Flag → Flag
Exports $6.4MRnk 128 / 142
2023
Flag → Flag
Top Product $2.09MCars
2023
Flag → Flag
Exports $19.3kRnk 66 / 114
2023
Flag → Flag
Top Product $19.3kDelivery Trucks
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$14.3BCURRENT US$
Rnk 139 / 195
2013-2023
Flag
GDP GROWTH37.9%CURRENT US$
Rnk 98 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$35,897CURRENT US$
Rnk 36 / 196
2013-2023
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 77 / 195

About

South Korea-Bahamas Trade: In 2023, South Korea exported $6.4M to Bahamas. The main products that South Korea exported to Bahamas were Cars ($2.09M), Industrial Furnaces ($1.41M), and Delivery Trucks ($911k). Over the past 5 years the exports of South Korea to Bahamas have decreased at an annualized rate of 67.5%, from $1.76B in 2018 to $6.4M in 2023.

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

Bahamas-South Korea Trade: In 2023, Bahamas exported $19.3k to South Korea. The main products that Bahamas exported to South Korea were Delivery Trucks ($19.3k). Over the past 5 years the exports of Bahamas to South Korea have decreased at an annualized rate of 25.2%,  from $353k in 2018 to $19.3k in 2023.

In 2023, Bahamas 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, Bahamas ranked 139 in total exports ($3.01B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $628k and imported $2k from Bahamas, resulting in a positive trade balance of $626k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-951k (-60.2%) from $1.58M to $628k, while imports decreased by $-9k (-81.8%) from $11k to $2k.

Trade In December 2024, the top exports of South Korea to Bahamas were Cars, tractors, trucks & parts thereof. ($1.05M), Mineral fuels, mineral oils and products... ($85k), Machinery, mechanical appliances, & parts ($69k), Iron/Steel Articles ($11k), and Chemical products n.e.s. ($3k). In December 2024 the top imports of South Korea from Bahamas were Mineral fuels, mineral oils and products... ($0), Chemical products n.e.s. ($0), Plastics & articles thereof ($0), Iron/Steel Articles ($0), and Machinery, mechanical appliances, & parts ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Bahamas was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-512k or -88.1%), Electrical machinery and electronics ($-54k or -94.7%), and Optical, photo, & film equipment; medical... ($-14k or -100%). In December 2024, the decrease in South Korea's year-by-year imports  from Bahamas was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-951k(-60.2%)
IMPORT GROWTH (December 2023 - December 2024)$-9k(-81.8%)

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 Bahamas and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bahamas and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $6.4M to Bahamas. The main products exported from South Korea to Bahamas were Cars ($2.09M), Industrial Furnaces ($1.41M), and Delivery Trucks ($911k). During the last 5 years the exports of South Korea to Bahamas have decreased at an annualized rate of 67.5%, from $1.76B in 2018 to $6.4M in 2023.

In 2018, Bahamas exported $19.3k to South Korea. The main products exported from Bahamas to South Korea were Delivery Trucks ($19.3k). During the last 5 years the exports of Bahamas to South Korea have decreased at an annualized rate of 25.2%, from $353k in 2023 to $19.3k in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Bahamas
Top DestinationUnited States$1.07B

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

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

In 2023, countries that imported more from Bahamas than South Korea included Zimbabwe ($469M), Cote d'Ivoire ($418M), and Guyana ($236M).

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

Comparative Advantage South Korea - Bahamas

Flow
Scale

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

During 2023, South Korea had a large net trade with Bahamas in the exports of Transportation ($3.01M), Machines ($2.95M), and Mineral Products ($359k).

During 2018, Bahamas had a large net trade with South Korea in the exports of Transportation ($19.3k).

Economic Complexity

Competitive Landscape

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

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

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