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Pricing

2022
Flag → Flag
Exports $60.5MRnk 125 / 220
2022
Flag → Flag
Top Product $36.7MLight Rubberized Knitted Fabric
2022
Flag → Flag
Exports $2.56MRnk 18 / 112
2022
Flag → Flag
Top Product $1.41MScrap Copper
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$20.3BCURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP GROWTH47.7%CURRENT US$
Rnk 69 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$1,748CURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP PC GROWTH28.9%CURRENT US$
Rnk 67 / 186

About

South Korea-Haiti Trade: In 2022, South Korea exported $60.5M to Haiti. The main products that South Korea exported to Haiti were Light Rubberized Knitted Fabric ($36.7M), Pile Fabric ($3.88M), and Electric Batteries ($3.75M). Over the past 5 years the exports of South Korea to Haiti have decreased at an annualized rate of 4.01%, from $74.2M in 2017 to $60.5M in 2022.

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

Haiti-South Korea Trade: In 2022, Haiti exported $2.56M to South Korea. The main products that Haiti exported to South Korea were Scrap Copper ($1.41M), Scrap Iron ($319k), and Scrap Aluminium ($211k). Over the past 5 years the exports of Haiti to South Korea have increased at an annualized rate of 8.3%,  from $1.72M in 2017 to $2.56M in 2022.

In 2022, Haiti 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, Haiti ranked 156 in total exports ($1.28B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $1.74M and imported $10k from Haiti, resulting in a positive trade balance of $1.73M. Between July 2023 and July 2024 the exports of South Korea have decreased by $-2.14M (-55.2%) from $3.88M to $1.74M, while imports decreased by $-312k (-96.9%) from $322k to $10k.

Trade In July 2024, the top exports of South Korea to Haiti were Knitted fabrics ($2.69M), Fish, crustaceans, & molluscs ($165k), Electrical machinery and electronics ($151k), Special woven fabrics and tapestries ($133k), and Plastics & articles thereof ($132k). In July 2024 the top imports of South Korea from Haiti were Non-knitted clothing accesories ($4k), Knitted clothing accesories ($3k), Electrical machinery and electronics ($2k), Headgear ($1k), and Fish, crustaceans, & molluscs ($0).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Haiti was explained primarily by an decrease in product exports in Knitted fabrics ($-1.68M or -38.5%), Machinery, mechanical appliances, & parts ($-231k or -80.8%), and Man-made staple fibres ($-226k or -71.1%). In July 2024, the decrease in South Korea's year-by-year imports  from Haiti was explained primarily by an decrease in product imports  in Headgear ($-1k or -50%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-2.14M(-55.2%)
IMPORT GROWTH (July 2023 - July 2024)$-312k(-96.9%)

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 Haiti and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Haiti and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $60.5M to Haiti. The main products exported from South Korea to Haiti were Light Rubberized Knitted Fabric ($36.7M), Pile Fabric ($3.88M), and Electric Batteries ($3.75M). During the last 5 years the exports of South Korea to Haiti have decreased at an annualized rate of 4.01%, from $74.2M in 2017 to $60.5M in 2022.

In 2017, Haiti exported $2.56M to South Korea. The main products exported from Haiti to South Korea were Scrap Copper ($1.41M), Scrap Iron ($319k), and Scrap Aluminium ($211k). During the last 5 years the exports of Haiti to South Korea have increased at an annualized rate of 8.3%, from $1.72M in 2022 to $2.56M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Haiti
Top DestinationUnited States$1.08B

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

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

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

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

Comparative Advantage South Korea - Haiti

Flow
Scale

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

During 2022, South Korea had a large net trade with Haiti in the exports of Textiles ($45.5M), Machines ($7.44M), and Transportation ($1.94M).

During 2017, Haiti had a large net trade with South Korea in the exports of Metals ($1.94M), Textiles ($482k), and Machines ($103k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Haiti+$1.93MCars
Top Product Potential Haiti South Korea+$1.03MScrap Copper

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Haiti. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Haiti. Similarly, a dot/product with the flag of Haiti indicates it has a comparative advantage over South Korea.

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

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