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Pricing

2022
Flag → Flag
Exports $3.33MRnk 189 / 220
2022
Flag → Flag
Top Product $631kCars
2022
Flag → Flag
Exports $184kRnk 29 / 106
2022
Flag → Flag
Top Product $63.4kScrap Aluminium
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$612MCURRENT US$
Rnk 180 / 186
2012-2022
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 107 / 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$8,415CURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 91 / 186

About

South Korea-Dominica Trade: In 2022, South Korea exported $3.33M to Dominica. The main products that South Korea exported to Dominica were Cars ($631k), Motor vehicles; parts and accessories (8701 to 8705) ($495k), and Delivery Trucks ($381k). Over the past 5 years the exports of South Korea to Dominica have decreased at an annualized rate of 2.15%, from $3.71M in 2017 to $3.33M in 2022.

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

Dominica-South Korea Trade: In 2022, Dominica exported $184k to South Korea. The main products that Dominica exported to South Korea were Scrap Aluminium ($63.4k), Coffee ($55.5k), and Other Cloth Articles ($34k). Over the past 5 years the exports of Dominica to South Korea have increased at an annualized rate of 15.1%,  from $90.9k in 2017 to $184k in 2022.

In 2022, Dominica 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, Dominica ranked 212 in total exports ($23.6M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $68k and imported $1.37M from Dominica, resulting in a negative trade balance of $1.3M. Between July 2023 and July 2024 the exports of South Korea have decreased by $-94k (-58%) from $162k to $68k, while imports increased by $1.25M (1.01k%) from $124k to $1.37M.

Growth In July 2024, the decrease in South Korea's year-by-year exports to Dominica was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-154k or -85.1%) and Electrical machinery and electronics ($-1k or -100%). In July 2024, the increase in South Korea's year-by-year imports  from Dominica was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-94k(-58%)
IMPORT GROWTH (July 2023 - July 2024)$1.25M(1.01k%)

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

For full datasets download visit Bulk Download page.

Explore Dominica and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $3.33M to Dominica. The main products exported from South Korea to Dominica were Cars ($631k), Motor vehicles; parts and accessories (8701 to 8705) ($495k), and Delivery Trucks ($381k). During the last 5 years the exports of South Korea to Dominica have decreased at an annualized rate of 2.15%, from $3.71M in 2017 to $3.33M in 2022.

In 2017, Dominica exported $184k to South Korea. The main products exported from Dominica to South Korea were Scrap Aluminium ($63.4k), Coffee ($55.5k), and Other Cloth Articles ($34k). During the last 5 years the exports of Dominica to South Korea have increased at an annualized rate of 15.1%, from $90.9k in 2022 to $184k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Dominica
Top DestinationBahamas$2.84M

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

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

In 2022, no countries were registered that imported more from Dominica than from South Korea.

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

Comparative Advantage South Korea - Dominica

Flow
Scale

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

During 2022, South Korea had a large net trade with Dominica in the exports of Transportation ($1.54M), Machines ($924k), and Plastics and Rubbers ($231k).

During 2017, Dominica had a large net trade with South Korea in the exports of Metals ($63.4k), Vegetable Products ($60.8k), and Textiles ($38.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Dominica+N/AN/A
Top Product Potential Dominica South Korea+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Dominica (Flag) (2022)

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