2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

British Indian Ocean Territory-South Korea In 2022, British Indian Ocean Territory exported $2.77k to South Korea. The main products that British Indian Ocean Territory exported to South Korea are Knit T-shirts ($1.15k), Trunks and Cases ($961), and Iron Fasteners ($349). During the last 27 years the exports of British Indian Ocean Territory to South Korea have decreased at an annualized rate of 4.84%, from $10.6k in 1995 to $2.77k in 2022.

In 2022, British Indian Ocean Territory did not export any services to South Korea.

South Korea-British Indian Ocean Territory In 2022, South Korea exported $85.2k to British Indian Ocean Territory. The main products that South Korea exported to British Indian Ocean Territory were N/A. During the last 27 years the exports of South Korea to British Indian Ocean Territory have decreased at an annualized rate of 15.5%, from $7.98M in 1995 to $85.2k in 2022.

In 2022, South Korea did not export any services to British Indian Ocean Territory.

Comparison In 2022,  British Indian Ocean Territory ranked 221 in total exports ($5.8M), 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, British Indian Ocean Territory exported $2.77k to South Korea. The main products exported from British Indian Ocean Territory to South Korea were Knit T-shirts ($1.15k), Trunks and Cases ($961), and Iron Fasteners ($349). During the last 27 years the exports of British Indian Ocean Territory to South Korea have decreased at an annualized rate of 4.84%, from $10.6k in 1995 to $2.77k in 2022.

In 2021, South Korea exported $85.2k to British Indian Ocean Territory. There were not main exports from South Korea to British Indian Ocean Territory in 2021. During the last 21 years the exports of South Korea to British Indian Ocean Territory have decreased at an annualized rate of 15.5%, from $7.98M in 2000 to $85.2k in 2021.

Exports from British Indian Ocean Territory (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to British Indian Ocean Territory (Flag) (2022)

Latest Data

Trade between British Indian Ocean Territory (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
South Korea
Top Destination
China$150B

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

In 2019, no countries were registered that imported more from British Indian Ocean Territory than from South Korea.

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

Difference in imports from South Korea (Flag) and British Indian Ocean Territory (Flag) (2022)

Comparative Advantage British Indian Ocean Territory - South Korea

Flow
Scale

This chart compares trade between British Indian Ocean Territory and South Korea by product, considering products traded by both, British Indian Ocean Territory and South Korea.

During 2022, British Indian Ocean Territory had a large net trade with South Korea in the exports of Textiles ($1.3k), Animal Hides ($961), and Metals ($349).

During 2021, South Korea had a large net trade with British Indian Ocean Territory in the exports of .

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 British Indian Ocean Territory has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over British Indian Ocean Territory.

Product Space of British Indian Ocean Territory (Flag) and South Korea (Flag) (2022)

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