South Korea (KOR) and Niue (NIU) Trade | The Observatory of Economic Complexity

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South Korea-Niue Trade: In 2022, South Korea exported $281 to Niue. The main products that South Korea exported to Niue were Electric Motors ($113), Electrical Control Boards ($89), and Transmissions ($79). Over the past 23 years the exports of South Korea to Niue have decreased at an annualized rate of 17.3%, from $22.1k in 1999 to $281 in 2022.

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

Niue-South Korea Trade: In 2022, Niue exported $114k to South Korea. The main products that Niue exported to South Korea were Paper Containers ($31.4k), Semiconductor Devices ($27.9k), and Light Fixtures ($20.7k). Over the past 23 years the exports of Niue to South Korea have increased at an annualized rate of 17.6%, from $50.8k in 1999 to $114k in 2022.

In 2022, Niue 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, Niue ranked 222 in total exports ($4.44M), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

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Overview In September 2024, South Korea exported $0 and imported $8k from Niue, resulting in a negative trade balance of $8k. Between September 2023 and September 2024 the exports of South Korea have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $8k (N/A%) from $0 to $8k.

Trade In September 2024, the top exports of South Korea to Niue were Electrical machinery and electronics ($0) and Optical, photo, & film equipment; medical... ($0). In September 2024 the top imports of South Korea from Niue were Optical, photo, & film equipment; medical... ($6k) and Electrical machinery and electronics ($0).

Growth In September 2024, the change in South Korea's year-by-year exports to Niue was explained primarily by an decrease in product exports in . In September 2024, the increase in South Korea's year-by-year imports from Niue was explained primarily by an increase in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $281 to Niue. The main products exported from South Korea to Niue were Electric Motors ($113), Electrical Control Boards ($89), and Transmissions ($79). During the last 23 years the exports of South Korea to Niue have decreased at an annualized rate of 17.3%, from $22.1k in 1999 to $281 in 2022.

In 2017, Niue exported $114k to South Korea. The main products exported from Niue to South Korea were Paper Containers ($31.4k), Semiconductor Devices ($27.9k), and Light Fixtures ($20.7k). During the last 5 years the exports of Niue to South Korea have increased at an annualized rate of 17.6%, from $50.8k in 2022 to $114k in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Niue
Top DestinationUnited States$2.48M

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

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

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

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

Comparative Advantage South Korea - Niue

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Niue in the exports of Machines ($281).

During 2017, Niue had a large net trade with South Korea in the exports of Machines ($36.3k), Paper Goods ($31.5k), and Miscellaneous ($20.7k).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage South Korea - Niue

Economic Complexity

Competitive Landscape

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage South Korea - Niue

Economic Complexity

Competitive Landscape

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

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