2023
Flag  
GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
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 GDP
$1.07BCURRENT US$
Rnk 185 / 195
2013-2023
Flag
GDP GROWTH
39.4%CURRENT US$
Rnk 93 / 195
2023
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GDP PC 
$33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC
$10,520CURRENT US$
Rnk 88 / 196
2013-2023
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GDP PC GROWTH
48.8%CURRENT US$
Rnk 49 / 195

About

South Korea-Saint Vincent and the Grenadines Trade: In 2023, South Korea exported $1.31M to Saint Vincent and the Grenadines. The main products that South Korea exported to Saint Vincent and the Grenadines were Large Construction Vehicles ($540k), Cars ($403k), and Electric Batteries ($175k). Over the past 5 years the exports of South Korea to Saint Vincent and the Grenadines have decreased at an annualized rate of 15.1%, from $2.97M in 2018 to $1.31M in 2023.

In 2023, South Korea did not export any services to Saint Vincent and the Grenadines.

Saint Vincent and the Grenadines-South Korea Trade: In 2023, Saint Vincent and the Grenadines exported $1.17M to South Korea. The main products that Saint Vincent and the Grenadines exported to South Korea were N/A. Over the past 5 years the exports of Saint Vincent and the Grenadines to South Korea have increased at an annualized rate of 184%,  from $6.33k in 2018 to $1.17M in 2023.

In 2023, Saint Vincent and the Grenadines did not export any services to South Korea.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Saint Vincent and the Grenadines ranked 200 in total exports ($64.2M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $1.31M to Saint Vincent and the Grenadines. The main products exported from South Korea to Saint Vincent and the Grenadines were Large Construction Vehicles ($540k), Cars ($403k), and Electric Batteries ($175k). During the last 5 years the exports of South Korea to Saint Vincent and the Grenadines have decreased at an annualized rate of 15.1%, from $2.97M in 2018 to $1.31M in 2023.

In 2017, Saint Vincent and the Grenadines exported $1.17M to South Korea. There were not main exports from Saint Vincent and the Grenadines to South Korea in 2017. During the last 5 years the exports of Saint Vincent and the Grenadines to South Korea have increased at an annualized rate of 184%, from $6.33k in 2022 to $1.17M in 2017.

Exports from South Korea (Flag) to Saint Vincent and the Grenadines (Flag) (2023)

Exports from Saint Vincent and the Grenadines (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from South Korea than Saint Vincent and the Grenadines included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Saint Vincent and the Grenadines than South Korea included Saint Lucia ($6.16M), Saint Kitts and Nevis ($5.44M), and Dominica ($5.35M).

Difference in imports from Saint Vincent and the Grenadines (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Saint Vincent and the Grenadines

Flow
Scale

This chart compares trade between South Korea and Saint Vincent and the Grenadines by product, considering products traded by both, South Korea and Saint Vincent and the Grenadines.

During 2023, South Korea had a large net trade with Saint Vincent and the Grenadines in the exports of Machines ($723k), Transportation ($468k), and Instruments ($50.8k).

During 2017, Saint Vincent and the Grenadines 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 Saint Vincent and the Grenadines. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Saint Vincent and the Grenadines. Similarly, a dot/product with the flag of Saint Vincent and the Grenadines indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Saint Vincent and the Grenadines (Flag) (2023)

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