South Korea (KOR) and Saint Lucia (LCA) Trade | The Observatory of Economic Complexity

About

South Korea-Saint Lucia Trade: In 2022, South Korea exported $5.35M to Saint Lucia. The main products that South Korea exported to Saint Lucia were Coated Flat-Rolled Iron ($1.81M), Cars ($1.77M), and Large Construction Vehicles ($651k). Over the past 5 years the exports of South Korea to Saint Lucia have increased at an annualized rate of 10.4%, from $3.26M in 2017 to $5.35M in 2022.

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

Saint Lucia-South Korea Trade: In 2022, Saint Lucia exported $371k to South Korea. The main products that Saint Lucia exported to South Korea were Industrial Fatty Acids, Oils and Alcohols ($178k), Scrap Aluminium ($105k), and Scrap Iron ($87.3k). Over the past 5 years the exports of Saint Lucia to South Korea have decreased at an annualized rate of 23.6%, from $2.43M in 2017 to $371k in 2022.

In 2022, Saint Lucia 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, Saint Lucia ranked 201 in total exports ($53.5M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $576k and imported $0 from Saint Lucia, resulting in a positive trade balance of $576k. Between October 2023 and October 2024 the exports of South Korea have increased by $40k (7.46%) from $536k to $576k, while imports decreased by $-2k (-100%) from $2k to $0.

Trade In October 2024, the top exports of South Korea to Saint Lucia were Iron & steel ($38k), Cars, tractors, trucks & parts thereof. ($16k), Machinery, mechanical appliances, & parts ($2k), Chemical products n.e.s. ($1k), and Rubber & articles thereof ($0). In October 2024 the top imports of South Korea from Saint Lucia were Electrical machinery and electronics ($28k), Iron & steel ($9k), Chemical products n.e.s. ($0), Rubber & articles thereof ($0), and Iron/Steel Articles ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Saint Lucia was explained primarily by an increase in product exports in . In October 2024, the decrease in South Korea's year-by-year imports from Saint Lucia was explained primarily by an decrease in product imports in Electrical machinery and electronics ($-2k or -6.67%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $5.35M to Saint Lucia. The main products exported from South Korea to Saint Lucia were Coated Flat-Rolled Iron ($1.81M), Cars ($1.77M), and Large Construction Vehicles ($651k). During the last 5 years the exports of South Korea to Saint Lucia have increased at an annualized rate of 10.4%, from $3.26M in 2017 to $5.35M in 2022.

In 2017, Saint Lucia exported $371k to South Korea. The main products exported from Saint Lucia to South Korea were Industrial Fatty Acids, Oils and Alcohols ($178k), Scrap Aluminium ($105k), and Scrap Iron ($87.3k). During the last 5 years the exports of Saint Lucia to South Korea have decreased at an annualized rate of 23.6%, from $2.43M in 2022 to $371k in 2017.

Exports from South Korea () to Saint Lucia () (2022)

Exports from Saint Lucia () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Saint Lucia
Top DestinationUnited States$9.2M

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

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

In 2022, countries that imported more from Saint Lucia than South Korea included Grenada ($3.07M).

Difference in imports from Saint Lucia () and South Korea () (2022)

Comparative Advantage South Korea - Saint Lucia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Saint Lucia in the exports of N/A.

During 2017, Saint Lucia had a large net trade with South Korea in the exports of Metals ($192k), Chemical Products ($178k), and Machines ($787).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Saint Lucia () (2022)

Exports from Saint Lucia () to South Korea () (2022)

Market Competitiveness

Difference in imports from Saint Lucia () and South Korea () (2022)

Comparative Advantage South Korea - Saint Lucia

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Saint Lucia () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Saint Lucia () (2022)

Exports from Saint Lucia () to South Korea () (2022)

Market Competitiveness

Difference in imports from Saint Lucia () and South Korea () (2022)

Comparative Advantage South Korea - Saint Lucia

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Saint Lucia () (2022)

Keep Exploring