2023
Flag  
GDP
$45.8BCURRENT US$
Rnk 95 / 195
2013-2023
Flag
GDP GROWTH
-11.1%CURRENT US$
Rnk 182 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$67,477CURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP PC GROWTH
-22.5%CURRENT US$
Rnk 181 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Macau-South Korea Trade: In 2023, Macau exported $201k to South Korea. The main products that Macau exported to South Korea were Raw Plastic Sheeting ($98.8k), Non-Knit Men's Suits ($36.9k), and Video and Card Games ($35.2k). Over the past 5 years the exports of Macau to South Korea have decreased at an annualized rate of 47.5%, from $5.06M in 2018 to $201k in 2023.

In 2023, Macau did not export any services to South Korea.

South Korea-Macau Trade: In 2023, South Korea exported $172M to Macau. The main products that South Korea exported to Macau were Beauty Products ($53.5M), Broadcasting Equipment ($15.5M), and Video Recording Equipment ($13M). Over the past 5 years the exports of South Korea to Macau have increased at an annualized rate of 5.69%,  from $93.3M in 2018 to $172M in 2023.

In 2023, South Korea did not export any services to Macau.

Comparison In 2023,  Macau ranked 145 in total exports ($1.93B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Macau exported $201k to South Korea. The main products exported from Macau to South Korea were Raw Plastic Sheeting ($98.8k), Non-Knit Men's Suits ($36.9k), and Video and Card Games ($35.2k). During the last 5 years the exports of Macau to South Korea have decreased at an annualized rate of 47.5%, from $5.06M in 2018 to $201k in 2023.

In 2018, South Korea exported $172M to Macau. The main products exported from South Korea to Macau were Beauty Products ($53.5M), Broadcasting Equipment ($15.5M), and Video Recording Equipment ($13M). During the last 5 years the exports of South Korea to Macau have increased at an annualized rate of 5.69%, from $93.3M in 2023 to $172M in 2018.

Exports from Macau (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Macau (Flag) (2023)

Latest Data

Trade between Macau (Flag) and South Korea (Flag)

Macau Exports

South Korea Exports

Market Competitiveness

Color
Macau
Top Destination
Hong Kong$1.4B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Macau than South Korea included Vietnam ($13.7M), Russia ($87.4k), and Turkmenistan ($5.47k).

In 2023, countries that imported more from South Korea than Macau included China ($162B), United States ($118B), and Japan ($28.4B).

Difference in imports from South Korea (Flag) and Macau (Flag) (2023)

Comparative Advantage Macau - South Korea

Flow
Scale

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

During 2023, Macau had a large net trade with South Korea in the exports of Plastics and Rubbers ($98.8k), Textiles ($37.2k), and Miscellaneous ($36.3k).

During 2018, South Korea had a large net trade with Macau in the exports of Chemical Products ($64.8M), Machines ($56.8M), and Foodstuffs ($21.9M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Macau and South Korea. This means that a dot/product with the flag of Macau 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 Macau.

Product Space of Macau (Flag) and South Korea (Flag) (2023)

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