2023
Flag  
GDP
$22.3BCURRENT US$
Rnk 116 / 195
2013-2023
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GDP GROWTH
107%CURRENT US$
Rnk 11 / 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 
$40,396CURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP PC GROWTH
59.4%CURRENT US$
Rnk 32 / 195
2023
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GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
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GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Malta-South Korea Trade: In 2023, Malta exported $34.1M to South Korea. The main products that Malta exported to South Korea were Fish Fillets ($16.7M), Integrated Circuits ($8.92M), and Other Rubber Products ($3.02M). Over the past 5 years the exports of Malta to South Korea have decreased at an annualized rate of 20.3%, from $106M in 2018 to $34.1M in 2023.

In 2020, Malta exported services to South Korea worth $0, with being the largest in terms of value.

South Korea-Malta Trade: In 2023, South Korea exported $230M to Malta. The main products that South Korea exported to Malta were Integrated Circuits ($168M), Printed Circuit Boards ($12.6M), and Cars ($12M). Over the past 5 years the exports of South Korea to Malta have decreased at an annualized rate of 24.9%,  from $959M in 2018 to $230M in 2023.

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

Comparison In 2023,  Malta ranked 112 in total exports ($8.21B), 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, Malta exported $34.1M to South Korea. The main products exported from Malta to South Korea were Fish Fillets ($16.7M), Integrated Circuits ($8.92M), and Other Rubber Products ($3.02M). During the last 5 years the exports of Malta to South Korea have decreased at an annualized rate of 20.3%, from $106M in 2018 to $34.1M in 2023.

In 2018, South Korea exported $230M to Malta. The main products exported from South Korea to Malta were Integrated Circuits ($168M), Printed Circuit Boards ($12.6M), and Cars ($12M). During the last 5 years the exports of South Korea to Malta have decreased at an annualized rate of 24.9%, from $959M in 2023 to $230M in 2018.

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

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

Latest Data

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

Malta Exports

South Korea Exports

Market Competitiveness

Color
Malta
Top Destination
Nigeria$2.26B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Malta than South Korea included Nigeria ($2.26B), Tunisia ($255M), and Democratic Republic of the Congo ($27.3M).

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

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

Comparative Advantage Malta - South Korea

Flow
Scale

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

During 2023, Malta had a large net trade with South Korea in the exports of Animal Products ($16.7M), Machines ($11.5M), and Plastics and Rubbers ($3.18M).

During 2018, South Korea had a large net trade with Malta in the exports of Machines ($194M), Transportation ($12.8M), and Plastics and Rubbers ($9.56M).

Economic Complexity

Competitive Landscape

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

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

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