South Korea (KOR) and Timor-Leste (TLS) Trade | The Observatory of Economic Complexity

About

South Korea-Timor-Leste In 2022, South Korea exported $4.06M to Timor-Leste. The main products that South Korea exported to Timor-Leste are Refined Petroleum ($1.18M), Flavored Water ($1.11M), and Pasta ($455k). During the last 23 years the exports of South Korea to Timor-Leste have increased at an annualized rate of 20.3%, from $57.7k in 1999 to $4.06M in 2022.

In 2022, South Korea did not export any services to Timor-Leste.

Timor-Leste-South Korea In 2022, Timor-Leste exported $68.5M to South Korea. The main products that Timor-Leste exported to South Korea were Crude Petroleum ($67.7M), Other Processed Fruits and Nuts ($386k), and Coffee ($347k). During the last 23 years the exports of Timor-Leste to South Korea have increased at an annualized rate of 39.9%, from $30.4k in 1999 to $68.5M in 2022.

In 2022, Timor-Leste did not export any services to South Korea.

Comparison In 2022, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Timor-Leste ranked 170 in total exports ($513M), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, South Korea exported $548k and imported $2k from Timor-Leste, resulting in a positive trade balance of $546k. Between March 2023 and March 2024 the exports of South Korea have increased by $528k (2.64k%) from $20k to $548k, while imports decreased by $-31k (-93.9%) from $33k to $2k.

Trade In March 2024, the top exports of South Korea to Timor-Leste were Chemical products n.e.s. ($72k), Preparations of cereals, flour, starch or... ($16k), Coffee, tea, mate & spices ($0), and Optical, photo, & film equipment; medical... ($0). In March 2024 the top imports of South Korea from Timor-Leste were Coffee, tea, mate & spices ($36k), Preparations of cereals, flour, starch or... ($0), Chemical products n.e.s. ($0), and Optical, photo, & film equipment; medical... ($0).

Growth In March 2024, the increase in South Korea's year-by-year exports to Timor-Leste was explained primarily by an increase in product exports in Chemical products n.e.s. ($67k or 1.34k%). In March 2024, the decrease in South Korea's year-by-year imports from Timor-Leste was explained primarily by an decrease in product imports in Coffee, tea, mate & spices ($-3k or -7.69%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $4.06M to Timor-Leste. The main products exported from South Korea to Timor-Leste were Refined Petroleum ($1.18M), Flavored Water ($1.11M), and Pasta ($455k). During the last 23 years the exports of South Korea to Timor-Leste have increased at an annualized rate of 20.3%, from $57.7k in 1999 to $4.06M in 2022.

In 2022, Timor-Leste exported $68.5M to South Korea. The main products exported from Timor-Leste to South Korea were Crude Petroleum ($67.7M), Other Processed Fruits and Nuts ($386k), and Coffee ($347k). During the last 22 years the exports of Timor-Leste to South Korea have increased at an annualized rate of 39.9%, from $30.4k in 2000 to $68.5M in 2022.

Exports from South Korea () to Timor-Leste () (2022)

Exports from Timor-Leste () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Timor-Leste
Top DestinationChina$131M

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

In 2021, countries that imported more from South Korea than Timor-Leste were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2019, no countries were registered that imported more from Timor-Leste than from South Korea.

Difference in imports from Timor-Leste () and South Korea () (2022)

Comparative Advantage South Korea - Timor-Leste

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Timor-Leste in the exports of Foodstuffs ($1.6M), Mineral Products ($1.18M), and Chemical Products ($453k).

During 2022, Timor-Leste had a large net trade with South Korea in the exports of Mineral Products ($67.7M), Foodstuffs ($386k), and Vegetable Products ($347k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Timor-Leste. Similarly, the more yellow a dot/product is, the more Timor-Leste has comparative advantage over South Korea.

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Timor-Leste () (2022)

Exports from Timor-Leste () to South Korea () (2022)

Market Competitiveness

Difference in imports from Timor-Leste () and South Korea () (2022)

Comparative Advantage South Korea - Timor-Leste

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Timor-Leste () (2022)

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Timor-Leste () (2022)

Exports from Timor-Leste () to South Korea () (2022)

Market Competitiveness

Difference in imports from Timor-Leste () and South Korea () (2022)

Comparative Advantage South Korea - Timor-Leste

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Timor-Leste () (2022)

Keep Exploring