South Korea (KOR) and Kiribati (KIR) Trade | The Observatory of Economic Complexity

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South Korea (KOR) and Kiribati (KIR) Trade

2022

→

Exports $12.9MRnk 165 / 220

2022

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Top Product $4.3MTwine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials

2022

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Exports $4.13MRnk 5 / 51

2022

→

Top Product $4.05MNon-fillet Frozen Fish

2022

Economic Complexity (ECI) ECI 1.78Rnk 4 / 133

2022

GDP$1.67TCURRENT US$
Rnk 13 / 186

2012-2022

GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186

2022

GDP$223MCURRENT US$
Rnk 184 / 186

2012-2022

GDP GROWTH17.8%CURRENT US$
Rnk 126 / 186

2022

GDP PC $32,255CURRENT US$
Rnk 33 / 186

2012-2022

GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

2022

GDP PC$1,702CURRENT US$
Rnk 152 / 186

2012-2022

GDP PC GROWTH0.18%CURRENT US$
Rnk 138 / 186

Image 1

Image by tomscoffin
Link: https://flic.kr/p/VJfFMG

Image 2

Image by Calvin Smith
Link: https://flic.kr/p/nSpYMu

Latest Trends
Historical Data
Economic Complexity

About

South Korea-Kiribati Trade: In 2022, South Korea exported $12.9M to Kiribati. The main products that South Korea exported to Kiribati were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($4.3M), Engine Parts ($2.5M), and Petroleum Gas ($1.36M). Over the past 5 years the exports of South Korea to Kiribati have increased at an annualized rate of 1.17%, from $12.2M in 2017 to $12.9M in 2022.

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

Kiribati-South Korea Trade: In 2022, Kiribati exported $4.13M to South Korea. The main products that Kiribati exported to South Korea were Non-fillet Frozen Fish ($4.05M), Scrap Aluminium ($61.5k), and Industrial Fatty Acids, Oils and Alcohols ($17.7k). Over the past 5 years the exports of Kiribati to South Korea have increased at an annualized rate of 3%, from $3.56M in 2017 to $4.13M in 2022.

In 2022, Kiribati 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, Kiribati ranked 195 in total exports ($115M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $542k and imported $3k from Kiribati, resulting in a positive trade balance of $539k. Between October 2023 and October 2024 the exports of South Korea have increased by $223k (69.9%) from $319k to $542k, while imports decreased by $-21k (-87.5%) from $24k to $3k.

Trade In October 2024, the top exports of South Korea to Kiribati were Mineral fuels, mineral oils and products... ($125k), Machinery, mechanical appliances, & parts ($102k), Electrical machinery and electronics ($25k), Soap, cleaners, candles, dental, modelling pastes ($5k), and Iron/Steel Articles ($3k). In October 2024 the top imports of South Korea from Kiribati were Fish, Crustaceans & Molluscs ($1.01M), Electrical machinery and electronics ($15k), Mineral fuels, mineral oils and products... ($0), Pharmaceutical products ($0), and Soap, cleaners, candles, dental, modelling pastes ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Kiribati was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($58k or 132%), Mineral fuels, mineral oils and products... ($32k or 34.4%), and Electrical machinery and electronics ($6k or 31.6%). In October 2024, the decrease in South Korea's year-by-year imports from Kiribati was explained primarily by an decrease in product imports in Fish, Crustaceans & Molluscs ($-708k or -41.3%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (October 2023 - October 2024)$223k(69.9%)

IMPORT GROWTH (October 2023 - October 2024)$-21k(-87.5%)

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

For full datasets download visit Bulk Download page.

Explore Kiribati and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $12.9M to Kiribati. The main products exported from South Korea to Kiribati were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($4.3M), Engine Parts ($2.5M), and Petroleum Gas ($1.36M). During the last 5 years the exports of South Korea to Kiribati have increased at an annualized rate of 1.17%, from $12.2M in 2017 to $12.9M in 2022.

In 2017, Kiribati exported $4.13M to South Korea. The main products exported from Kiribati to South Korea were Non-fillet Frozen Fish ($4.05M), Scrap Aluminium ($61.5k), and Industrial Fatty Acids, Oils and Alcohols ($17.7k). During the last 5 years the exports of Kiribati to South Korea have increased at an annualized rate of 3%, from $3.56M in 2022 to $4.13M in 2017.

Exports from South Korea () to Kiribati () (2022)

Exports from Kiribati () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Kiribati
Top DestinationThailand$63.2M

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

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

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

Difference in imports from Kiribati () and South Korea () (2022)

Comparative Advantage South Korea - Kiribati

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Kiribati in the exports of Textiles ($5.14M), Machines ($4.18M), and Mineral Products ($2.21M).

During 2017, Kiribati had a large net trade with South Korea in the exports of Animal Products ($4.05M), Metals ($61.5k), and Chemical Products ($17.7k).

Economic Complexity

Competitive Landscape

Year

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

Product Space of South Korea () and Kiribati () (2022)

Keep Exploring

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Kiribati

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