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2023
Flag → Flag
Exports $172MRnk 82 / 142
2023
Flag → Flag
Top Product $53.5MBeauty Products
2023
Flag → Flag
Exports $201kRnk 50 / 123
2023
Flag → Flag
Top Product $98.8kRaw Plastic Sheeting
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$45.8BCURRENT US$
Rnk 95 / 195
2013-2023
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GDP GROWTH-11.1%CURRENT US$
Rnk 182 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$67,477CURRENT US$
Rnk 15 / 196
2013-2023
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GDP PC GROWTH-22.5%CURRENT US$
Rnk 181 / 195

About

South Korea-Macau Trade: In 2023, South Korea exported $172M to Macau. The main products that South Korea exported to Macau were Beauty Products ($53.5M), Broadcasting Equipment ($15.5M), and Video Recording Equipment ($13M). Over the past 5 years the exports of South Korea to Macau have increased at an annualized rate of 12.9%, from $93.3M in 2018 to $172M in 2023.

In 2023, South Korea did not export any services to Macau.

Macau-South Korea Trade: In 2023, Macau exported $201k to South Korea. The main products that Macau exported to South Korea were Raw Plastic Sheeting ($98.8k), Non-Knit Men's Suits ($36.9k), and Video and Card Games ($35.2k). Over the past 5 years the exports of Macau to South Korea have decreased at an annualized rate of 47.5%,  from $5.06M in 2018 to $201k in 2023.

In 2023, Macau 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, Macau ranked 145 in total exports ($1.93B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $1.33M and imported $422k from Macau, resulting in a positive trade balance of $908k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-1.06M (-44.4%) from $2.39M to $1.33M, while imports decreased by $-38k (-8.26%) from $460k to $422k.

Trade In December 2024, the top exports of South Korea to Macau were Cars, tractors, trucks & parts thereof. ($545k), Perfumery & cosmetics ($181k), Books, newspapers, & other prints ($168k), Copper articles ($164k), and Toys, games, & sports ($146k). In December 2024 the top imports of South Korea from Macau were Electrical machinery and electronics ($204k), Knitted clothing accesories ($149k), Mineral fuels, mineral oils and products... ($57k), Machinery, mechanical appliances, & parts ($21k), and Non-knitted clothing accesories ($17k).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Macau was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-421k or -94%), Cars, tractors, trucks & parts thereof. ($-54k or -9.02%), and Footwear ($-26k or -74.3%). In December 2024, the decrease in South Korea's year-by-year imports  from Macau was explained primarily by an decrease in product imports  in Used clothes & textile articles ($-1k or -100%) and Precious stones, metals, & pearls ($-1k or -50%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-1.06M(-44.4%)
IMPORT GROWTH (December 2023 - December 2024)$-38k(-8.26%)

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

For full datasets download visit Bulk Download page.

Explore Macau and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $172M to Macau. The main products exported from South Korea to Macau were Beauty Products ($53.5M), Broadcasting Equipment ($15.5M), and Video Recording Equipment ($13M). During the last 5 years the exports of South Korea to Macau have increased at an annualized rate of 12.9%, from $93.3M in 2018 to $172M in 2023.

In 2018, Macau exported $201k to South Korea. The main products exported from Macau to South Korea were Raw Plastic Sheeting ($98.8k), Non-Knit Men's Suits ($36.9k), and Video and Card Games ($35.2k). During the last 5 years the exports of Macau to South Korea have decreased at an annualized rate of 47.5%, from $5.06M in 2023 to $201k in 2018.

Exports from South Korea (Flag) to Macau (Flag) (2023)

Exports from Macau (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Macau
Top DestinationHong Kong$1.4B

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

In 2023, countries that imported more from South Korea than Macau included China ($162B), United States ($118B), and Japan ($28.4B).

In 2023, countries that imported more from Macau than South Korea included Vietnam ($13.7M), Russia ($87.4k), and Turkmenistan ($5.47k).

Difference in imports from Macau (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Macau

Flow
Scale

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

During 2023, South Korea had a large net trade with Macau in the exports of Chemical Products ($64.8M), Machines ($56.8M), and Foodstuffs ($21.9M).

During 2018, Macau had a large net trade with South Korea in the exports of Plastics and Rubbers ($98.8k), Textiles ($37.2k), and Miscellaneous ($36.3k).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Macau (Flag) (2023)

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