South Korea (KOR) and Timor-Leste (TLS) Trade | The Observatory of Economic Complexity

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South Korea-Timor-Leste Trade: In 2022, South Korea exported $10.3M to Timor-Leste. The main products that South Korea exported to Timor-Leste were Refined Petroleum ($1.18M), Flavored Water ($1.11M), and Pasta ($455k). Over the past 5 years the exports of South Korea to Timor-Leste have increased at an annualized rate of 182%, from $57.7k in 2017 to $10.3M in 2022.

In 2022, South Korea did not export any services to Timor-Leste.

Timor-Leste-South Korea Trade: In 2022, Timor-Leste exported $1.23M to South Korea. The main products that Timor-Leste exported to South Korea were Crude Petroleum ($67.7M), Other Processed Fruits and Nuts ($386k), and Coffee ($347k). Over the past 5 years the exports of Timor-Leste to South Korea have increased at an annualized rate of 109%, from $30.4k in 2017 to $1.23M in 2022.

In 2022, Timor-Leste 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, Timor-Leste ranked 170 in total exports ($513M), and does not have data regarding Economic Complexity Index.

Latest Trends

April, 2024

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Overview In April 2024, South Korea exported $330k and imported $1k from Timor-Leste, resulting in a positive trade balance of $329k. Between April 2023 and April 2024 the exports of South Korea have increased by $163k (97.6%) from $167k to $330k, while imports remained the same by $0 (0%) from $1k to $1k.

Trade In April 2024, the top exports of South Korea to Timor-Leste were Chemical products n.e.s. ($72k), Preparations of cereals, flour, starch or... ($16k), Coffee, tea, mate & spices ($0), and Optical, photo, & film equipment; medical... ($0). In April 2024 the top imports of South Korea from Timor-Leste were Coffee, tea, mate & spices ($36k), Preparations of cereals, flour, starch or... ($0), Chemical products n.e.s. ($0), and Optical, photo, & film equipment; medical... ($0).

Growth In April 2024, the increase in South Korea's year-by-year exports to Timor-Leste was explained primarily by an increase in product exports in Chemical products n.e.s. ($67k or 1.34k%). In April 2024, the change in South Korea's year-by-year imports from Timor-Leste was explained primarily by an decrease in product imports in Coffee, tea, mate & spices ($-3k or -7.69%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $10.3M to Timor-Leste. The main products exported from South Korea to Timor-Leste were Refined Petroleum ($1.18M), Flavored Water ($1.11M), and Pasta ($455k). During the last 5 years the exports of South Korea to Timor-Leste have increased at an annualized rate of 182%, from $57.7k in 2017 to $10.3M in 2022.

In 2017, Timor-Leste exported $1.23M to South Korea. The main products exported from Timor-Leste to South Korea were Crude Petroleum ($67.7M), Other Processed Fruits and Nuts ($386k), and Coffee ($347k). During the last 17 years the exports of Timor-Leste to South Korea have increased at an annualized rate of 109%, from $30.4k in 2000 to $1.23M in 2017.

Exports from South Korea () to Timor-Leste () (2022)

Exports from Timor-Leste () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Timor-Leste
Top DestinationChina$131M

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

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

In 2022, no countries were registered that imported more from Timor-Leste than from South Korea.

Difference in imports from Timor-Leste () and South Korea () (2022)

Comparative Advantage South Korea - Timor-Leste

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Timor-Leste in the exports of Foodstuffs ($1.6M), Mineral Products ($1.18M), and Chemical Products ($453k).

During 2017, Timor-Leste had a large net trade with South Korea in the exports of Mineral Products ($67.7M), Foodstuffs ($386k), and Vegetable Products ($347k).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

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Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Timor-Leste () (2022)

Exports from Timor-Leste () to South Korea () (2022)

Market Competitiveness

Difference in imports from Timor-Leste () and South Korea () (2022)

Comparative Advantage South Korea - Timor-Leste

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Timor-Leste () (2022)

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Timor-Leste () (2022)

Exports from Timor-Leste () to South Korea () (2022)

Market Competitiveness

Difference in imports from Timor-Leste () and South Korea () (2022)

Comparative Advantage South Korea - Timor-Leste

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Timor-Leste () (2022)

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