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

South Korea-Cook Islands Trade: In 2022, South Korea exported $56.4k to Cook Islands. The main products that South Korea exported to Cook Islands were Lifting Machinery ($45k), Excavation Machinery ($5.3k), and Bi-Wheel Vehicle Parts ($3.38k). Over the past 5 years the exports of South Korea to Cook Islands have decreased at an annualized rate of 5.3%, from $74.1k in 2017 to $56.4k in 2022.

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

Cook Islands-South Korea Trade: In 2022, Cook Islands exported $1.75k to South Korea. The main products that Cook Islands exported to South Korea were Textile Footwear ($1.23k), Kraft Paper ($219), and Electrical Power Accessories ($147). Over the past 5 years the exports of Cook Islands to South Korea have decreased at an annualized rate of 75.3%,  from $1.9M in 2017 to $1.75k in 2022.

In 2022, Cook Islands 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, Cook Islands ranked 210 in total exports ($26.2M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $56.4k to Cook Islands. The main products exported from South Korea to Cook Islands were Lifting Machinery ($45k), Excavation Machinery ($5.3k), and Bi-Wheel Vehicle Parts ($3.38k). During the last 5 years the exports of South Korea to Cook Islands have decreased at an annualized rate of 5.3%, from $74.1k in 2017 to $56.4k in 2022.

In 2017, Cook Islands exported $1.75k to South Korea. The main products exported from Cook Islands to South Korea were Textile Footwear ($1.23k), Kraft Paper ($219), and Electrical Power Accessories ($147). During the last 5 years the exports of Cook Islands to South Korea have decreased at an annualized rate of 75.3%, from $1.9M in 2022 to $1.75k in 2017.

Exports from South Korea (Flag) to Cook Islands (Flag) (2022)

Exports from Cook Islands (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Cook Islands
Top Destination
Japan$11M

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

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

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

Difference in imports from Cook Islands (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Cook Islands

Flow
Scale

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

During 2022, South Korea had a large net trade with Cook Islands in the exports of Machines ($51.2k), Transportation ($3.38k), and Metals ($1.82k).

During 2017, Cook Islands had a large net trade with South Korea in the exports of Footwear and Headwear ($1.23k), Machines ($299), and Paper Goods ($219).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Cook Islands+N/AN/A
Top Product Potential Cook Islands 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 Cook Islands. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Cook Islands. Similarly, a dot/product with the flag of Cook Islands indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Cook Islands (Flag) (2022)

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