South Korea (KOR) and Burma (MMR) Trade | The Observatory of Economic Complexity

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South Korea (KOR) and Burma (MMR) Trade

2022

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Exports $424MRnk 75 / 220

2022

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About

South Korea-Burma Trade: In 2022, South Korea exported $424M to Burma. The main products that South Korea exported to Burma were Beauty Products ($32.2M), Mixed Mineral or Chemical Fertilizers ($28.7M), and Light Rubberized Knitted Fabric ($24.4M). Over the past 5 years the exports of South Korea to Burma have decreased at an annualized rate of 10.8%, from $751M in 2017 to $424M in 2022.

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

Burma-South Korea Trade: In 2022, Burma exported $613M to South Korea. The main products that Burma exported to South Korea were Non-Knit Men's Coats ($103M), Non-Knit Women's Coats ($73.2M), and Non-Knit Men's Suits ($58.8M). Over the past 5 years the exports of Burma to South Korea have increased at an annualized rate of 4.51%, from $492M in 2017 to $613M in 2022.

In 2022, Burma 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, Burma ranked 102 in the Economic Complexity Index (ECI -0.84), and 72 in total exports ($26.9B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $26.8M and imported $92.1M from Burma, resulting in a negative trade balance of $65.2M. Between September 2023 and September 2024 the exports of South Korea have increased by $1.1M (4.27%) from $25.7M to $26.8M, while imports increased by $26.6M (40.6%) from $65.5M to $92.1M.

Trade In September 2024, the top exports of South Korea to Burma were Ships, boats, & floating structures ($48.2M), Machinery, mechanical appliances, & parts ($4.46M), Perfumery & cosmetics ($3.22M), Cars, tractors, trucks & parts thereof. ($1.6M), and Plastics & articles thereof ($1.58M). In September 2024 the top imports of South Korea from Burma were Non-knitted clothing accesories ($21.1M), Knitted clothing accesories ($9.76M), Footwear ($1.94M), Preparations of vegetables, fruit, nuts or... ($1.78M), and Feather articles, feathers, artificial flowers, &... ($902k).

Growth In September 2024, the increase in South Korea's year-by-year exports to Burma was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($1.17M or 272%), Organic chemicals ($508k or 113%), and Man-made staple fibres ($253k or 61.4%). In September 2024, the increase in South Korea's year-by-year imports from Burma was explained primarily by an increase in product imports in Knitted clothing accesories ($1.71M or 21.3%), Preparations of vegetables, fruit, nuts or... ($667k or 60.1%), and Footwear ($509k or 35.6%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (September 2023 - September 2024)$1.1M(4.27%)

IMPORT GROWTH (September 2023 - September 2024)$26.6M(40.6%)

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

For full datasets download visit Bulk Download page.

Explore Burma and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $424M to Burma. The main products exported from South Korea to Burma were Beauty Products ($32.2M), Mixed Mineral or Chemical Fertilizers ($28.7M), and Light Rubberized Knitted Fabric ($24.4M). During the last 5 years the exports of South Korea to Burma have decreased at an annualized rate of 10.8%, from $751M in 2017 to $424M in 2022.

In 2017, Burma exported $613M to South Korea. The main products exported from Burma to South Korea were Non-Knit Men's Coats ($103M), Non-Knit Women's Coats ($73.2M), and Non-Knit Men's Suits ($58.8M). During the last 5 years the exports of Burma to South Korea have increased at an annualized rate of 4.51%, from $492M in 2022 to $613M in 2017.

Exports from South Korea () to Burma () (2022)

Exports from Burma () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Burma
Top DestinationChina$9.62B

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

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

In 2022, countries that imported more from Burma than South Korea included Norfolk Island ($251k) and Tokelau ($112k).

Difference in imports from Burma () and South Korea () (2022)

Comparative Advantage South Korea - Burma

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Burma in the exports of Textiles ($99.9M), Chemical Products ($96.2M), and Machines ($68M).

During 2017, Burma had a large net trade with South Korea in the exports of Textiles ($474M), Footwear and Headwear ($34.5M), and Metals ($28.7M).

Economic Complexity

Competitive Landscape

Year

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

Product Space of South Korea () and Burma () (2022)

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