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2022
Flag → Flag
Exports $537MRnk 67 / 220
2022
Flag → Flag
Top Product $339MPassenger and Cargo Ships
2022
Flag → Flag
Exports $76.4kRnk 49 / 112
2022
Flag → Flag
Top Product $16.6kPrints
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH20.3%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$31,458CURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP PC GROWTH12.1%CURRENT US$
Rnk 109 / 186

About

South Korea-Bahamas Trade: In 2022, South Korea exported $537M to Bahamas. The main products that South Korea exported to Bahamas were Passenger and Cargo Ships ($339M), Special Purpose Ships ($181M), and Cars ($5.64M). Over the past 5 years the exports of South Korea to Bahamas have decreased at an annualized rate of 20.9%, from $1.74B in 2017 to $537M in 2022.

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

Bahamas-South Korea Trade: In 2022, Bahamas exported $76.4k to South Korea. The main products that Bahamas exported to South Korea were Prints ($16.6k), Non-Knit Women's Suits ($15.7k), and Scrap Iron ($14.7k). Over the past 5 years the exports of Bahamas to South Korea have decreased at an annualized rate of 7.2%,  from $111k in 2017 to $76.4k in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $121M and imported $0 from Bahamas, resulting in a positive trade balance of $121M. Between August 2023 and August 2024 the exports of South Korea have increased by $120M (26.6k%) from $452k to $121M, while imports decreased by $-198k (-100%) from $198k to $0.

Trade In August 2024, the top exports of South Korea to Bahamas were Machinery, mechanical appliances, & parts ($581k), Cars, tractors, trucks & parts thereof. ($228k), Mineral fuels, mineral oils and products... ($80k), Electrical machinery and electronics ($57k), and Optical, photo, & film equipment; medical... ($14k). In August 2024 the top imports of South Korea from Bahamas were Non-knitted clothing accesories ($1k), Preparations of cereals, flour, starch or... ($0), Mineral fuels, mineral oils and products... ($0), Chemical products n.e.s. ($0), and Used clothes & textile articles ($0).

Growth In August 2024, the increase in South Korea's year-by-year exports to Bahamas was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($468k or 414%) and Cars, tractors, trucks & parts thereof. ($75k or 49%). In August 2024, the decrease in South Korea's year-by-year imports  from Bahamas was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-1k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$120M(26.6k%)
IMPORT GROWTH (August 2023 - August 2024)$-198k(-100%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $537M to Bahamas. The main products exported from South Korea to Bahamas were Passenger and Cargo Ships ($339M), Special Purpose Ships ($181M), and Cars ($5.64M). During the last 5 years the exports of South Korea to Bahamas have decreased at an annualized rate of 20.9%, from $1.74B in 2017 to $537M in 2022.

In 2017, Bahamas exported $76.4k to South Korea. The main products exported from Bahamas to South Korea were Prints ($16.6k), Non-Knit Women's Suits ($15.7k), and Scrap Iron ($14.7k). During the last 5 years the exports of Bahamas to South Korea have decreased at an annualized rate of 7.2%, from $111k in 2022 to $76.4k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Bahamas
Top DestinationUnited States$1.4B

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

In 2022, countries that imported more from Bahamas than South Korea included Cote d'Ivoire ($576M) and Barbados ($30M).

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

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 2022, South Korea had a large net trade with Bahamas in the exports of Transportation ($526M), Machines ($7.01M), and Plastics and Rubbers ($1.9M).

During 2017, Bahamas had a large net trade with South Korea in the exports of Arts and Antiques ($28.6k), Textiles ($16.8k), and Metals ($14.8k).

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) (2022)

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