2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Cook Islands In 2022, South Korea exported $56.4k to Cook Islands. The main products that South Korea exported to Cook Islands are Lifting Machinery ($45k), Excavation Machinery ($5.3k), and Bi-Wheel Vehicle Parts ($3.38k). During the last 27 years the exports of South Korea to Cook Islands have increased at an annualized rate of 0.14%, from $54.3k in 1995 to $56.4k in 2022.

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

Cook Islands-South Korea In 2022, Cook Islands exported $1.75k to South Korea. The main products that Cook Islands exported to South Korea were Textile Footwear ($1.23k), Kraft Paper ($219), and Electrical Power Accessories ($147). During the last 27 years the exports of Cook Islands to South Korea have decreased at an annualized rate of 14.6%, from $125k in 1995 to $1.75k in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71),  and 5 in total exports ($705B). That same year, Cook Islands ranked 210 in total exports ($26.2M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $56.4k to Cook Islands. The main products exported from South Korea to Cook Islands were Lifting Machinery ($45k), Excavation Machinery ($5.3k), and Bi-Wheel Vehicle Parts ($3.38k). During the last 27 years the exports of South Korea to Cook Islands have increased at an annualized rate of 0.14%, from $54.3k in 1995 to $56.4k in 2022.

In 2022, Cook Islands exported $1.75k to South Korea. The main products exported from Cook Islands to South Korea were Textile Footwear ($1.23k), Kraft Paper ($219), and Electrical Power Accessories ($147). During the last 25 years the exports of Cook Islands to South Korea have decreased at an annualized rate of 14.6%, from $125k in 1997 to $1.75k in 2022.

Exports from South Korea (Flag) to Cook Islands (Flag) (2022)

Exports from Cook Islands (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Cook Islands
Top Destination
Japan$11M

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

In 2021, countries that imported more from South Korea than Cook Islands were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2019, no countries were registered that imported more from Cook Islands than from South Korea.

Difference in imports from Cook Islands (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Cook Islands

Flow
Scale

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

During 2022, South Korea had a large net trade with Cook Islands in the exports of Machines ($51.2k), Transportation ($3.38k), and Metals ($1.82k).

During 2022, Cook Islands had a large net trade with South Korea in the exports of Footwear and Headwear ($1.23k), Machines ($299), and Paper Goods ($219).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Cook Islands. Similarly, the more yellow a dot/product is, the more Cook Islands has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Cook Islands (Flag) (2022)

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