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-Tonga Trade: In 2022, South Korea exported $191k to Tonga. The main products that South Korea exported to Tonga were Flavored Water ($66.5k), Brochures ($46.5k), and X-Ray Equipment ($32.2k). Over the past 5 years the exports of South Korea to Tonga have decreased at an annualized rate of 10.2%, from $327k in 2017 to $191k in 2022.

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

Tonga-South Korea Trade: In 2022, Tonga exported $839k to South Korea. The main products that Tonga exported to South Korea were Other Vegetables ($752k), Industrial Fatty Acids, Oils and Alcohols ($79.1k), and Processed Crustaceans ($6.69k). Over the past 5 years the exports of Tonga to South Korea have decreased at an annualized rate of 24.1%,  from $3.34M in 2017 to $839k in 2022.

In 2022, Tonga 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, Tonga ranked 215 in total exports ($12.8M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $191k to Tonga. The main products exported from South Korea to Tonga were Flavored Water ($66.5k), Brochures ($46.5k), and X-Ray Equipment ($32.2k). During the last 5 years the exports of South Korea to Tonga have decreased at an annualized rate of 10.2%, from $327k in 2017 to $191k in 2022.

In 2017, Tonga exported $839k to South Korea. The main products exported from Tonga to South Korea were Other Vegetables ($752k), Industrial Fatty Acids, Oils and Alcohols ($79.1k), and Processed Crustaceans ($6.69k). During the last 5 years the exports of Tonga to South Korea have decreased at an annualized rate of 24.1%, from $3.34M in 2022 to $839k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Tonga
Top Destination
United States$3.94M

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

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

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

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

Comparative Advantage South Korea - Tonga

Flow
Scale

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

During 2022, South Korea had a large net trade with Tonga in the exports of Foodstuffs ($76.3k), Paper Goods ($46.5k), and Instruments ($32.2k).

During 2017, Tonga had a large net trade with South Korea in the exports of Vegetable Products ($752k), Chemical Products ($79.1k), and Foodstuffs ($6.69k).

Economic Complexity

Competitive Landscape

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

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

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