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Pricing

2022
Flag → Flag
Exports $26.1MRnk 150 / 220
2022
Flag → Flag
Top Product $10.5MCars
2022
Flag → Flag
Exports $13.8kRnk 43 / 79
2022
Flag → Flag
Top Product $10.5kRefined Petroleum
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 PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Aruba Trade: In 2022, South Korea exported $26.1M to Aruba. The main products that South Korea exported to Aruba were Cars ($10.5M), Rolled Tobacco ($10.3M), and Delivery Trucks ($2.3M). Over the past 5 years the exports of South Korea to Aruba have increased at an annualized rate of 8.98%, from $17M in 2017 to $26.1M in 2022.

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

Aruba-South Korea Trade: In 2022, Aruba exported $13.8k to South Korea. The main products that Aruba exported to South Korea were Refined Petroleum ($10.5k), Non-Knit Active Wear ($1.05k), and Used Clothing ($681). Over the past 5 years the exports of Aruba to South Korea have decreased at an annualized rate of 74.8%,  from $13.5M in 2017 to $13.8k in 2022.

In 2022, Aruba 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, Aruba ranked 194 in total exports ($123M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $3.2M and imported $0 from Aruba, resulting in a positive trade balance of $3.2M. Between July 2023 and July 2024 the exports of South Korea have increased by $1.78M (125%) from $1.43M to $3.2M, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In July 2024, the top exports of South Korea to Aruba were Cars, tractors, trucks & parts thereof. ($1.44M), Ceramic products ($5k), Chemical products n.e.s. ($0), and Electrical machinery and electronics ($0). In July 2024 the top imports of South Korea from Aruba were Chemical products n.e.s. ($0), Ceramic products ($0), Electrical machinery and electronics ($0), and Cars, tractors, trucks & parts thereof. ($0).

Growth In July 2024, the increase in South Korea's year-by-year exports to Aruba was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($261k or 22.2%). In July 2024, the change in South Korea's year-by-year imports  from Aruba was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$1.78M(125%)
IMPORT GROWTH (July 2023 - July 2024)$0(N/A%)

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

For full datasets download visit Bulk Download page.

Explore Aruba and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $26.1M to Aruba. The main products exported from South Korea to Aruba were Cars ($10.5M), Rolled Tobacco ($10.3M), and Delivery Trucks ($2.3M). During the last 5 years the exports of South Korea to Aruba have increased at an annualized rate of 8.98%, from $17M in 2017 to $26.1M in 2022.

In 2017, Aruba exported $13.8k to South Korea. The main products exported from Aruba to South Korea were Refined Petroleum ($10.5k), Non-Knit Active Wear ($1.05k), and Used Clothing ($681). During the last 5 years the exports of Aruba to South Korea have decreased at an annualized rate of 74.8%, from $13.5M in 2022 to $13.8k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Aruba
Top DestinationColombia$49M

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

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

In 2022, countries that imported more from Aruba than South Korea included Bonaire ($1.48M).

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

Comparative Advantage South Korea - Aruba

Flow
Scale

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

During 2022, South Korea had a large net trade with Aruba in the exports of Transportation ($14.3M), Foodstuffs ($10.4M), and Chemical Products ($697k).

During 2017, Aruba had a large net trade with South Korea in the exports of Mineral Products ($10.5k), Textiles ($1.73k), and Machines ($660).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Aruba+N/AN/A
Top Product Potential Aruba South Korea+N/AN/A

N/A

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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 Aruba. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Aruba. Similarly, a dot/product with the flag of Aruba indicates it has a comparative advantage over South Korea.

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

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