2022
Flag  
GDP
$2.07BCURRENT US$
Rnk 167 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 103 / 186
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 
$11,481CURRENT US$
Rnk 72 / 186
2012-2022
Flag
GDP PC GROWTH
24.4%CURRENT US$
Rnk 73 / 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

Saint Lucia-South Korea Trade: In 2022, Saint Lucia exported $371k to South Korea. The main products that Saint Lucia exported to South Korea were Industrial Fatty Acids, Oils and Alcohols ($178k), Scrap Aluminium ($105k), and Scrap Iron ($87.3k). Over the past 5 years the exports of Saint Lucia to South Korea have decreased at an annualized rate of 31.3%, from $2.43M in 2017 to $371k in 2022.

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

South Korea-Saint Lucia Trade: In 2022, South Korea exported $5.35M to Saint Lucia. The main products that South Korea exported to Saint Lucia were Coated Flat-Rolled Iron ($1.81M), Cars ($1.77M), and Large Construction Vehicles ($651k). Over the past 5 years the exports of South Korea to Saint Lucia have increased at an annualized rate of 10.4%,  from $3.26M in 2017 to $5.35M in 2022.

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

Comparison In 2022,  Saint Lucia ranked 201 in total exports ($53.5M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Saint Lucia exported $371k to South Korea. The main products exported from Saint Lucia to South Korea were Industrial Fatty Acids, Oils and Alcohols ($178k), Scrap Aluminium ($105k), and Scrap Iron ($87.3k). During the last 5 years the exports of Saint Lucia to South Korea have decreased at an annualized rate of 31.3%, from $2.43M in 2017 to $371k in 2022.

In 2017, South Korea exported $5.35M to Saint Lucia. The main products exported from South Korea to Saint Lucia were Coated Flat-Rolled Iron ($1.81M), Cars ($1.77M), and Large Construction Vehicles ($651k). During the last 5 years the exports of South Korea to Saint Lucia have increased at an annualized rate of 10.4%, from $3.26M in 2022 to $5.35M in 2017.

Exports from Saint Lucia (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Saint Lucia (Flag) (2022)

Latest Data

Trade between Saint Lucia (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Saint Lucia
Top Destination
United States$9.2M
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Saint Lucia than South Korea included Grenada ($3.07M).

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

Difference in imports from South Korea (Flag) and Saint Lucia (Flag) (2022)

Comparative Advantage Saint Lucia - South Korea

Flow
Scale

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

During 2022, Saint Lucia had a large net trade with South Korea in the exports of Metals ($192k), Chemical Products ($178k), and Machines ($787).

During 2017, South Korea had a large net trade with Saint Lucia in the exports of Transportation ($2.08M), Metals ($1.85M), and Machines ($1.23M).

Economic Complexity

Competitive Landscape

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

Product Space of Saint Lucia (Flag) and South Korea (Flag) (2022)

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