2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Norfolk Island Trade: In 2019, South Korea exported $5.1k to Norfolk Island. The main products that South Korea exported to Norfolk Island were N/A. Over the past 7 years the exports of South Korea to Norfolk Island have decreased at an annualized rate of 48%, from $499k in 2012 to $5.1k in 2019.

In 2019, South Korea did not export any services to Norfolk Island.

Norfolk Island-South Korea Trade: In 2019, Norfolk Island exported $264 to South Korea. The main products that Norfolk Island exported to South Korea were N/A. Over the past 7 years the exports of Norfolk Island to South Korea have increased at an annualized rate of 12.1%,  from $149 in 2012 to $264 in 2019.

In 2019, Norfolk Island 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, Norfolk Island ranked 225 in total exports ($1.96M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, South Korea exported $5.1k to Norfolk Island. There were not main exports from South Korea to Norfolk Island in 2019. During the last 7 years the exports of South Korea to Norfolk Island have decreased at an annualized rate of 48%, from $499k in 2012 to $5.1k in 2019.

In 2015, Norfolk Island exported $264 to South Korea. There were not main exports from Norfolk Island to South Korea in 2015. During the last 5 years the exports of Norfolk Island to South Korea have increased at an annualized rate of 12.1%, from $149 in 2020 to $264 in 2015.

Exports from South Korea (Flag) to Norfolk Island (Flag) (2020)

Exports from Norfolk Island (Flag) to South Korea (Flag) (2020)

Market Competitiveness

Color
South Korea
Top Destination
N/AN/A
Norfolk Island
Top Destination
N/AN/A

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

N/A

N/A

Difference in imports from Norfolk Island (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Norfolk Island

Flow
Scale

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

During 2019, South Korea had a large net trade with Norfolk Island in the exports of .

During 2015, Norfolk Island had a large net trade with South Korea in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Norfolk Island (Flag) (2020)

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