2023
Flag  
GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

South Korea-British Indian Ocean Territory Trade: In 2021, South Korea exported $85.2k to British Indian Ocean Territory. The main products that South Korea exported to British Indian Ocean Territory were N/A. Over the past 8 years the exports of South Korea to British Indian Ocean Territory have decreased at an annualized rate of 51.6%, from $28.2M in 2013 to $85.2k in 2021.

In 2021, South Korea did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-South Korea Trade: In 2021, British Indian Ocean Territory exported $2.78k to South Korea. The main products that British Indian Ocean Territory exported to South Korea were N/A. Over the past 8 years the exports of British Indian Ocean Territory to South Korea have increased at an annualized rate of 20.4%,  from $912 in 2013 to $2.78k in 2021.

In 2021, British Indian Ocean Territory 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, British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, South Korea exported $85.2k to British Indian Ocean Territory. There were not main exports from South Korea to British Indian Ocean Territory in 2021. During the last 8 years the exports of South Korea to British Indian Ocean Territory have decreased at an annualized rate of 51.6%, from $28.2M in 2013 to $85.2k in 2021.

In 2017, British Indian Ocean Territory exported $2.78k to South Korea. There were not main exports from British Indian Ocean Territory to South Korea in 2017. During the last 5 years the exports of British Indian Ocean Territory to South Korea have increased at an annualized rate of 20.4%, from $912 in 2022 to $2.78k in 2017.

Exports from South Korea (Flag) to British Indian Ocean Territory (Flag) (2022)

Exports from British Indian Ocean Territory (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
N/AN/A
British Indian Ocean Territory
Top Destination
N/AN/A

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

N/A

N/A

Difference in imports from British Indian Ocean Territory (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - British Indian Ocean Territory

Flow
Scale

This chart compares trade between South Korea and British Indian Ocean Territory by product, considering products traded by both, South Korea and British Indian Ocean Territory.

During 2021, South Korea had a large net trade with British Indian Ocean Territory in the exports of .

During 2017, British Indian Ocean Territory had a large net trade with South Korea in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and British Indian Ocean Territory (Flag) (2022)

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