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

About

Gibraltar-South Korea Trade: In 2022, Gibraltar exported $33.6M to South Korea. The main products that Gibraltar exported to South Korea were Refined Petroleum ($33.6M), Non-Knit Active Wear ($8.2k), and Engine Parts ($2.36k). Over the past 5 years the exports of Gibraltar to South Korea have increased at an annualized rate of 71.3%, from $2.28M in 2017 to $33.6M in 2022.

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

South Korea-Gibraltar Trade: In 2022, South Korea exported $1.65M to Gibraltar. The main products that South Korea exported to Gibraltar were Cars ($1.23M), Engine Parts ($285k), and Flavored Water ($54k). Over the past 5 years the exports of South Korea to Gibraltar have decreased at an annualized rate of 2.27%,  from $1.85M in 2017 to $1.65M in 2022.

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

Comparison In 2022,  Gibraltar ranked 173 in total exports ($411M), 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, Gibraltar exported $33.6M to South Korea. The main products exported from Gibraltar to South Korea were Refined Petroleum ($33.6M), Non-Knit Active Wear ($8.2k), and Engine Parts ($2.36k). During the last 5 years the exports of Gibraltar to South Korea have increased at an annualized rate of 71.3%, from $2.28M in 2017 to $33.6M in 2022.

In 2017, South Korea exported $1.65M to Gibraltar. The main products exported from South Korea to Gibraltar were Cars ($1.23M), Engine Parts ($285k), and Flavored Water ($54k). During the last 5 years the exports of South Korea to Gibraltar have decreased at an annualized rate of 2.27%, from $1.85M in 2022 to $1.65M in 2017.

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

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

Latest Data

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

South Korea Exports

Market Competitiveness

Color
Gibraltar
Top Destination
Ireland$81.4M
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Gibraltar than South Korea included Cape Verde ($12.5M).

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

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

Comparative Advantage Gibraltar - South Korea

Flow
Scale

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

During 2022, Gibraltar had a large net trade with South Korea in the exports of Mineral Products ($33.6M), Textiles ($8.2k), and Machines ($4.13k).

During 2017, South Korea had a large net trade with Gibraltar in the exports of Transportation ($1.23M), Machines ($337k), and Foodstuffs ($54k).

Economic Complexity

Competitive Landscape

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

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

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