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Pricing

2023
Flag → Flag
Exports $22.6MRnk 118 / 142
2023
Flag → Flag
Top Product $9.16MElectric Furnaces
2023
Flag → Flag
Exports $393kRnk 36 / 93
2023
Flag → Flag
Top Product $391kProcessed Fish
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$6.59BCURRENT US$
Rnk 157 / 195
2013-2023
Flag
GDP GROWTH100%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$12,530CURRENT US$
Rnk 81 / 196
2013-2023
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GDP PC GROWTH52.1%CURRENT US$
Rnk 44 / 195

About

South Korea-Maldives Trade: In 2023, South Korea exported $22.6M to Maldives. The main products that South Korea exported to Maldives were Electric Furnaces ($9.16M), Passenger and Cargo Ships ($3.5M), and Pasta ($1.54M). Over the past 5 years the exports of South Korea to Maldives have increased at an annualized rate of 11.3%, from $13.2M in 2018 to $22.6M in 2023.

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

Maldives-South Korea Trade: In 2023, Maldives exported $393k to South Korea. The main products that Maldives exported to South Korea were Processed Fish ($391k), Live Fish ($1.86k), and Fish Fillets ($45). Over the past 5 years the exports of Maldives to South Korea have decreased at an annualized rate of 5.01%,  from $894k in 2018 to $393k in 2023.

In 2023, Maldives 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, Maldives ranked 176 in total exports ($361M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $1.73M and imported $4k from Maldives, resulting in a positive trade balance of $1.72M. Between December 2023 and December 2024 the exports of South Korea have increased by $897k (108%) from $830k to $1.73M, while imports decreased by $-17k (-81%) from $21k to $4k.

Trade In December 2024, the top exports of South Korea to Maldives were Paints, dyes, & varnishes ($269k), Machinery, mechanical appliances, & parts ($157k), Preparations of cereals, flour, starch or... ($148k), Miscellaneous metal products ($89k), and Pharmaceutical products ($85k). In December 2024 the top imports of South Korea from Maldives were Preparations of cereals, flour, starch or... ($0), Miscellaneous edible preparations ($0), Beverages, spirits, & vinegar ($0), Salt, sulphur, cement, lime, stone, &... ($0), and Pharmaceutical products ($0).

Growth In December 2024, the increase in South Korea's year-by-year exports to Maldives was explained primarily by an increase in product exports in Pharmaceutical products ($59k or 227%), Machinery, mechanical appliances, & parts ($54k or 52.4%), and Perfumery & cosmetics ($47k or 470%). In December 2024, the decrease in South Korea's year-by-year imports  from Maldives was explained primarily by an decrease in product imports  in Optical, photo, & film equipment; medical... ($-4k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$897k(108%)
IMPORT GROWTH (December 2023 - December 2024)$-17k(-81%)

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.

Explore Maldives and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $22.6M to Maldives. The main products exported from South Korea to Maldives were Electric Furnaces ($9.16M), Passenger and Cargo Ships ($3.5M), and Pasta ($1.54M). During the last 5 years the exports of South Korea to Maldives have increased at an annualized rate of 11.3%, from $13.2M in 2018 to $22.6M in 2023.

In 2018, Maldives exported $393k to South Korea. The main products exported from Maldives to South Korea were Processed Fish ($391k), Live Fish ($1.86k), and Fish Fillets ($45). During the last 5 years the exports of Maldives to South Korea have decreased at an annualized rate of 5.01%, from $894k in 2023 to $393k in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Maldives
Top DestinationThailand$115M

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 2023, countries that imported more from South Korea than Maldives included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Maldives than South Korea included Bangladesh ($3.29M), Vietnam ($2.97M), and Syria ($493k).

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

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 2023, South Korea had a large net trade with Maldives in the exports of Machines ($11.6M), Transportation ($3.57M), and Chemical Products ($2.43M).

During 2018, Maldives had a large net trade with South Korea in the exports of Foodstuffs ($391k) and Animal Products ($1.91k).

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) (2023)

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