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2022
Flag → Flag
Exports $11.3MRnk 159 / 220
2022
Flag → Flag
Top Product $1.76MAqueous Paints
2022
Flag → Flag
Exports $233kRnk 58 / 95
2022
Flag → Flag
Top Product $3.83kTrunks and Cases
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$6.19BCURRENT US$
Rnk 150 / 186
2012-2022
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GDP GROWTH114%CURRENT US$
Rnk 9 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$11,818CURRENT US$
Rnk 71 / 186
2012-2022
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GDP PC GROWTH58.7%CURRENT US$
Rnk 28 / 186

About

South Korea-Maldives Trade: In 2022, South Korea exported $11.3M to Maldives. The main products that South Korea exported to Maldives were Aqueous Paints ($1.76M), Pasta ($1.67M), and Liquid Pumps ($1.05M). Over the past 5 years the exports of South Korea to Maldives have increased at an annualized rate of 105%, from $308k in 2017 to $11.3M in 2022.

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

Maldives-South Korea Trade: In 2022, Maldives exported $233k to South Korea. The main products that Maldives exported to South Korea were Trunks and Cases ($3.83k), Fish Fillets ($2.77k), and Collector's Items ($2.46k). Over the past 5 years the exports of Maldives to South Korea have increased at an annualized rate of 183%,  from $1.29k in 2017 to $233k in 2022.

In 2022, Maldives 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, Maldives ranked 166 in total exports ($689M), and does not have data regarding Economic Complexity Index.

Latest Trends

April, 2024

About

Overview In April 2024, South Korea exported $710k and imported $3k from Maldives, resulting in a positive trade balance of $707k. Between April 2023 and April 2024 the exports of South Korea have decreased by $-617k (-46.5%) from $1.33M to $710k, while imports decreased by $-2k (-40%) from $5k to $3k.

Trade In April 2024, the top exports of South Korea to Maldives were Preparations of cereals, flour, starch or... ($230k), Plastics & articles thereof ($169k), Optical, photo, & film equipment; medical... ($112k), Machinery, mechanical appliances, & parts ($103k), and Tobacco & substitutes ($38k). In April 2024 the top imports of South Korea from Maldives were Optical, photo, & film equipment; medical... ($4k), Preparations of cereals, flour, starch or... ($0), Miscellaneous edible preparations ($0), Tobacco & substitutes ($0), and Mineral fuels, mineral oils and products... ($0).

Growth In April 2024, the decrease in South Korea's year-by-year exports to Maldives was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-581k or -94.2%) and Machinery, mechanical appliances, & parts ($-15k or -12.7%). In April 2024, the decrease in South Korea's year-by-year imports  from Maldives was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (April 2023 - April 2024)$-617k(-46.5%)
IMPORT GROWTH (April 2023 - April 2024)$-2k(-40%)

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $11.3M to Maldives. The main products exported from South Korea to Maldives were Aqueous Paints ($1.76M), Pasta ($1.67M), and Liquid Pumps ($1.05M). During the last 5 years the exports of South Korea to Maldives have increased at an annualized rate of 105%, from $308k in 2017 to $11.3M in 2022.

In 2017, Maldives exported $233k to South Korea. The main products exported from Maldives to South Korea were Trunks and Cases ($3.83k), Fish Fillets ($2.77k), and Collector's Items ($2.46k). During the last 22 years the exports of Maldives to South Korea have increased at an annualized rate of 183%, from $1.29k in 1995 to $233k in 2017.

Exports from South Korea (Flag) to Maldives (Flag) (2022)

Exports from Maldives (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Maldives
Top DestinationIndia$488M

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

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

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

Difference in imports from Maldives (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Maldives

Flow
Scale

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

During 2022, South Korea had a large net trade with Maldives in the exports of Machines ($6.05M), Chemical Products ($3.09M), and Foodstuffs ($1.93M).

During 2017, Maldives had a large net trade with South Korea in the exports of Textiles ($4.18k), Animal Products ($3.99k), and Animal Hides ($3.83k).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Maldives (Flag) (2022)

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