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2022
Flag → Flag
Exports $6.08MRnk 179 / 220
2022
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Top Product $2.3MCars
2022
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Exports $14.1MRnk 3 / 66
2022
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Top Product $12.2MNon-fillet Frozen Fish
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$984MCURRENT US$
Rnk 176 / 186
2012-2022
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GDP GROWTH31.5%CURRENT US$
Rnk 95 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$3,010CURRENT US$
Rnk 134 / 186
2012-2022
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GDP PC GROWTH3.58%CURRENT US$
Rnk 133 / 186

About

South Korea-Vanuatu In 2022, South Korea exported $6.08M to Vanuatu. The main products that South Korea exported to Vanuatu are Cars ($2.3M), Delivery Trucks ($855k), and Navigation Equipment ($485k). During the last 27 years the exports of South Korea to Vanuatu have increased at an annualized rate of 4.05%, from $2.08M in 1995 to $6.08M in 2022.

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

Vanuatu-South Korea In 2022, Vanuatu exported $14.1M to South Korea. The main products that Vanuatu exported to South Korea were Non-fillet Frozen Fish ($12.2M), Molluscs ($1.4M), and Fish Fillets ($303k). During the last 27 years the exports of Vanuatu to South Korea have increased at an annualized rate of 12.3%, from $622k in 1995 to $14.1M in 2022.

In 2022, Vanuatu 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, Vanuatu ranked 186 in total exports ($205M), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, South Korea exported $2M and imported $422k from Vanuatu, resulting in a positive trade balance of $1.58M. Between March 2023 and March 2024 the exports of South Korea have increased by $1.56M (349%) from $446k to $2M, while imports decreased by $-709k (-62.7%) from $1.13M to $422k.

Trade In March 2024, the top exports of South Korea to Vanuatu were Cars, tractors, trucks & parts thereof. ($597k), Machinery, mechanical appliances, & parts ($6k), Electrical machinery and electronics ($2k), Fish, crustaceans, & molluscs ($0), and Preparations of cereals, flour, starch or... ($0). In March 2024 the top imports of South Korea from Vanuatu were Fish, crustaceans, & molluscs ($1.1M), Preparations of cereals, flour, starch or... ($0), Preparations of vegetables, fruit, nuts or... ($0), Miscellaneous edible preparations ($0), and Beverages, spirits, & vinegar ($0).

Growth In March 2024, the increase in South Korea's year-by-year exports to Vanuatu was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($380k or 175%). In March 2024, the decrease in South Korea's year-by-year imports  from Vanuatu was explained primarily by an decrease in product imports  in Miscellaneous metal products ($-3k or -100%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)$1.56M(349%)
IMPORT GROWTH (March 2023 - March 2024)$-709k(-62.7%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Vanuatu and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vanuatu and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $6.08M to Vanuatu. The main products exported from South Korea to Vanuatu were Cars ($2.3M), Delivery Trucks ($855k), and Navigation Equipment ($485k). During the last 27 years the exports of South Korea to Vanuatu have increased at an annualized rate of 4.05%, from $2.08M in 1995 to $6.08M in 2022.

In 2022, Vanuatu exported $14.1M to South Korea. The main products exported from Vanuatu to South Korea were Non-fillet Frozen Fish ($12.2M), Molluscs ($1.4M), and Fish Fillets ($303k). During the last 27 years the exports of Vanuatu to South Korea have increased at an annualized rate of 12.3%, from $622k in 1995 to $14.1M in 2022.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Vanuatu
Top DestinationThailand$86.1M

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

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

In 2019, no countries were registered that imported more from Vanuatu than from South Korea.

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

Comparative Advantage South Korea - Vanuatu

Flow
Scale

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

During 2022, South Korea had a large net trade with Vanuatu in the exports of Transportation ($3.9M), Machines ($1.05M), and Metals ($340k).

During 2022, Vanuatu had a large net trade with South Korea in the exports of Animal Products ($13.9M), Chemical Products ($83.8k), and Transportation ($58k).

Economic Complexity

Competitive Landscape

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 Vanuatu. Similarly, the more yellow a dot/product is, the more Vanuatu has comparative advantage over South Korea.

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

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