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Pricing

2022
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Exports $1.77BRnk 43 / 220
2022
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Top Product $1.57BPassenger and Cargo Ships
2022
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Exports $103MRnk 15 / 173
2022
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Top Product $52.6MIntegrated Circuits
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$1.67TCURRENT US$
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2012-2022
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GDP GROWTH30.3%CURRENT US$
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2022
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 GDP$17.8BCURRENT US$
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2012-2022
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GDP GROWTH87.8%CURRENT US$
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2022
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GDP PC $32,255CURRENT US$
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2012-2022
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GDP PC GROWTH26.7%CURRENT US$
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2022
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GDP PC$33,941CURRENT US$
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2012-2022
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GDP PC GROWTH50.7%CURRENT US$
Rnk 34 / 186

About

South Korea-Malta Trade: In 2022, South Korea exported $1.77B to Malta. The main products that South Korea exported to Malta were Passenger and Cargo Ships ($1.57B), Integrated Circuits ($98.8M), and Refined Petroleum ($39M). Over the past 5 years the exports of South Korea to Malta have increased at an annualized rate of 22.1%, from $652M in 2017 to $1.77B in 2022.

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

Malta-South Korea Trade: In 2022, Malta exported $103M to South Korea. The main products that Malta exported to South Korea were Integrated Circuits ($52.6M), Fish Fillets ($20.7M), and Non-fillet Frozen Fish ($8.29M). Over the past 5 years the exports of Malta to South Korea have increased at an annualized rate of 0.39%,  from $101M in 2017 to $103M in 2022.

In 2020, Malta exported services to South Korea worth $0, with being the largest in terms of value.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Malta ranked 127 in total exports ($4.87B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $194M and imported $5.19M from Malta, resulting in a positive trade balance of $189M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-25.5M (-11.6%) from $220M to $194M, while imports decreased by $-648k (-11.1%) from $5.84M to $5.19M.

Trade In September 2024, the top exports of South Korea to Malta were Electrical machinery and electronics ($12.4M), Machinery, mechanical appliances, & parts ($2.46M), Cars, tractors, trucks & parts thereof. ($1.97M), Plastics & articles thereof ($1.29M), and Wadding, felt, nonwovens, twin, ropes, &... ($320k). In September 2024 the top imports of South Korea from Malta were Mineral fuels, mineral oils and products... ($60.4M), Electrical machinery and electronics ($4.76M), Fish, crustaceans, & molluscs ($1.81M), Optical, photo, & film equipment; medical... ($507k), and Rubber & articles thereof ($338k).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Malta was explained primarily by an decrease in product exports in Wadding, felt, nonwovens, twin, ropes, &... ($-120k or -27.3%), Glass & glassware ($-47k or -58.8%), and Perfumery & cosmetics ($-42k or -100%). In September 2024, the decrease in South Korea's year-by-year imports  from Malta was explained primarily by an decrease in product imports  in Fish, crustaceans, & molluscs ($-1.1M or -37.7%), Toys, games, & sports ($-216k or -85.7%), and Plastics & articles thereof ($-48k or -38.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-25.5M(-11.6%)
IMPORT GROWTH (September 2023 - September 2024)$-648k(-11.1%)

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

For full datasets download visit Bulk Download page.

Explore Malta and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.77B to Malta. The main products exported from South Korea to Malta were Passenger and Cargo Ships ($1.57B), Integrated Circuits ($98.8M), and Refined Petroleum ($39M). During the last 5 years the exports of South Korea to Malta have increased at an annualized rate of 22.1%, from $652M in 2017 to $1.77B in 2022.

In 2017, Malta exported $103M to South Korea. The main products exported from Malta to South Korea were Integrated Circuits ($52.6M), Fish Fillets ($20.7M), and Non-fillet Frozen Fish ($8.29M). During the last 5 years the exports of Malta to South Korea have increased at an annualized rate of 0.39%, from $101M in 2022 to $103M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Malta
Top DestinationGermany$576M

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

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

In 2022, countries that imported more from Malta than South Korea included South Sudan ($4.82M) and Chad ($2.27M).

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

Comparative Advantage South Korea - Malta

Flow
Scale

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

During 2022, South Korea had a large net trade with Malta in the exports of Transportation ($1.57B), Machines ($119M), and Mineral Products ($39M).

During 2017, Malta had a large net trade with South Korea in the exports of Machines ($58.6M), Animal Products ($29M), and Plastics and Rubbers ($5.76M).

Bilateral Service Trade

In 2020, Malta exported services to South Korea worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Malta (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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