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

About

South Korea-Falkland Islands Trade: In 2022, South Korea exported $2.26k to Falkland Islands. The main products that South Korea exported to Falkland Islands were Engine Parts ($2.26k). Over the past 5 years the exports of South Korea to Falkland Islands have decreased at an annualized rate of 44.3%, from $42.3k in 2017 to $2.26k in 2022.

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

Falkland Islands-South Korea Trade: In 2022, Falkland Islands exported $15.5k to South Korea. The main products that Falkland Islands exported to South Korea were Knit T-shirts ($8.6k), Computers ($2.56k), and Knit Sweaters ($1.97k). Over the past 5 years the exports of Falkland Islands to South Korea have decreased at an annualized rate of 29%,  from $170k in 2017 to $15.5k in 2022.

In 2022, Falkland Islands 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, Falkland Islands ranked 178 in total exports ($382M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $2.26k to Falkland Islands. The main products exported from South Korea to Falkland Islands were Engine Parts ($2.26k). During the last 5 years the exports of South Korea to Falkland Islands have decreased at an annualized rate of 44.3%, from $42.3k in 2017 to $2.26k in 2022.

In 2017, Falkland Islands exported $15.5k to South Korea. The main products exported from Falkland Islands to South Korea were Knit T-shirts ($8.6k), Computers ($2.56k), and Knit Sweaters ($1.97k). During the last 5 years the exports of Falkland Islands to South Korea have decreased at an annualized rate of 29%, from $170k in 2022 to $15.5k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Falkland Islands
Top Destination
Spain$268M

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

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

In 2022, countries that imported more from Falkland Islands than South Korea included Namibia ($18.2M).

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

Comparative Advantage South Korea - Falkland Islands

Flow
Scale

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

During 2022, South Korea had a large net trade with Falkland Islands in the exports of Machines ($2.26k).

During 2017, Falkland Islands had a large net trade with South Korea in the exports of Textiles ($11.2k), Machines ($3.71k), and Footwear and Headwear ($639).

Economic Complexity

Competitive Landscape

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

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

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