2022
Flag  
GDP
$6.19BCURRENT US$
Rnk 150 / 186
2012-2022
Flag
GDP GROWTH
114%CURRENT US$
Rnk 9 / 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 
$11,818CURRENT US$
Rnk 71 / 186
2012-2022
Flag
GDP PC GROWTH
58.7%CURRENT US$
Rnk 28 / 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

Maldives-South Korea Trade: In 2022, Maldives exported $22.1k to South Korea. The main products that Maldives exported to South Korea were Trunks and Cases ($3.83k), Fish Fillets ($2.77k), and Collector's Items ($2.46k). Over the past 5 years the exports of Maldives to South Korea have decreased at an annualized rate of 37.6%, from $233k in 2017 to $22.1k in 2022.

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

South Korea-Maldives Trade: In 2022, South Korea exported $15.2M to Maldives. The main products that South Korea exported to Maldives were Aqueous Paints ($1.76M), Pasta ($1.67M), and Liquid Pumps ($1.05M). Over the past 5 years the exports of South Korea to Maldives have increased at an annualized rate of 6.18%,  from $11.3M in 2017 to $15.2M in 2022.

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

Comparison In 2022,  Maldives ranked 166 in total exports ($689M), 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, Maldives exported $22.1k to South Korea. The main products exported from Maldives to South Korea were Trunks and Cases ($3.83k), Fish Fillets ($2.77k), and Collector's Items ($2.46k). During the last 5 years the exports of Maldives to South Korea have decreased at an annualized rate of 37.6%, from $233k in 2017 to $22.1k in 2022.

In 2017, South Korea exported $15.2M to Maldives. The main products exported from South Korea to Maldives were Aqueous Paints ($1.76M), Pasta ($1.67M), and Liquid Pumps ($1.05M). During the last 5 years the exports of South Korea to Maldives have increased at an annualized rate of 6.18%, from $11.3M in 2022 to $15.2M in 2017.

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

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

Latest Data

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

Maldives Exports

Date

South Korea Exports

Market Competitiveness

Color
Maldives
Top Destination
India$488M
South Korea
Top Destination
China$150B

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

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

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

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

Comparative Advantage Maldives - South Korea

Flow
Scale

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

During 2022, Maldives had a large net trade with South Korea in the exports of Textiles ($4.18k), Animal Products ($3.99k), and Animal Hides ($3.83k).

During 2017, South Korea had a large net trade with Maldives in the exports of Machines ($6.05M), Chemical Products ($3.09M), and Foodstuffs ($1.93M).

Economic Complexity

Competitive Landscape

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

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

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