2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$151MCURRENT US$
Rnk 185 / 186
2012-2022
Flag
GDP GROWTH
49.3%CURRENT US$
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2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
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2022
Flag
GDP PC
$11,914CURRENT US$
Rnk 70 / 186
2012-2022
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GDP PC GROWTH
23.1%CURRENT US$
Rnk 77 / 186

About

South Korea-Nauru Trade: In 2022, South Korea exported $1.35M to Nauru. The main products that South Korea exported to Nauru were Engine Parts ($576k), Additive manufacturing machines ($257k), and Ball Bearings ($99.7k). Over the past 5 years the exports of South Korea to Nauru have increased at an annualized rate of 56.3%, from $144k in 2017 to $1.35M in 2022.

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

Nauru-South Korea Trade: In 2022, Nauru exported $20.9M to South Korea. The main products that Nauru exported to South Korea were Calcium Phosphates ($19M), Non-fillet Frozen Fish ($1.93M), and Integrated Circuits ($874). Over the past 5 years the exports of Nauru to South Korea have increased at an annualized rate of 7.51%,  from $3.95M in 2017 to $20.9M in 2022.

In 2022, Nauru 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, Nauru ranked 189 in total exports ($198M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.35M to Nauru. The main products exported from South Korea to Nauru were Engine Parts ($576k), Additive manufacturing machines ($257k), and Ball Bearings ($99.7k). During the last 5 years the exports of South Korea to Nauru have increased at an annualized rate of 56.3%, from $144k in 2017 to $1.35M in 2022.

In 2017, Nauru exported $20.9M to South Korea. The main products exported from Nauru to South Korea were Calcium Phosphates ($19M), Non-fillet Frozen Fish ($1.93M), and Integrated Circuits ($874). During the last 5 years the exports of Nauru to South Korea have increased at an annualized rate of 7.51%, from $3.95M in 2022 to $20.9M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Nauru
Top Destination
Thailand$117M

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

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

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

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

Comparative Advantage South Korea - Nauru

Flow
Scale

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

During 2022, South Korea had a large net trade with Nauru in the exports of Machines ($1.21M), Mineral Products ($91.2k), and Foodstuffs ($23.6k).

During 2017, Nauru had a large net trade with South Korea in the exports of Mineral Products ($19M), Animal Products ($1.93M), and Machines ($874).

Economic Complexity

Competitive Landscape

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

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

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