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Pricing

2022
Flag → Flag
Exports $1.35MRnk 201 / 220
2022
Flag → Flag
Top Product $576kEngine Parts
2022
Flag → Flag
Exports $20.9MRnk 3 / 76
2022
Flag → Flag
Top Product $19MCalcium Phosphates
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$151MCURRENT US$
Rnk 185 / 186
2012-2022
Flag
GDP GROWTH49.3%CURRENT US$
Rnk 63 / 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$11,914CURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP PC GROWTH23.1%CURRENT US$
Rnk 77 / 186

About

South Korea-Nauru Trade: In 2022, South Korea exported $1.35M to Nauru. The main products that South Korea exported to Nauru were Engine Parts ($576k), Additive manufacturing machines ($257k), and Ball Bearings ($99.7k). Over the past 5 years the exports of South Korea to Nauru have increased at an annualized rate of 56.3%, from $144k in 2017 to $1.35M in 2022.

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

Nauru-South Korea Trade: In 2022, Nauru exported $20.9M to South Korea. The main products that Nauru exported to South Korea were Calcium Phosphates ($19M), Non-fillet Frozen Fish ($1.93M), and Integrated Circuits ($874). Over the past 5 years the exports of Nauru to South Korea have increased at an annualized rate of 7.51%,  from $3.95M in 2017 to $20.9M in 2022.

In 2022, Nauru 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, Nauru ranked 189 in total exports ($198M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $0 and imported $16k from Nauru, resulting in a negative trade balance of $16k. Between July 2023 and July 2024 the exports of South Korea have decreased by $-18k (-100%) from $18k to $0, while imports increased by $16k (N/A%) from $0 to $16k.

Trade In July 2024, the top exports of South Korea to Nauru were Machinery, mechanical appliances, & parts ($88k), Mineral fuels, mineral oils and products... ($37k), Iron or steel articles ($5k), Soap, cleaners, candles, dental, modelling pastes ($4k), and Electrical machinery and electronics ($4k). In July 2024 the top imports of South Korea from Nauru were Mineral fuels, mineral oils and products... ($0), Soap, cleaners, candles, dental, modelling pastes ($0), Iron or steel articles ($0), Machinery, mechanical appliances, & parts ($0), and Electrical machinery and electronics ($0).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Nauru was explained primarily by an decrease in product exports in . In July 2024, the increase in South Korea's year-by-year imports  from Nauru was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-18k(-100%)
IMPORT GROWTH (July 2023 - July 2024)$16k(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 Nauru and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nauru and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.35M to Nauru. The main products exported from South Korea to Nauru were Engine Parts ($576k), Additive manufacturing machines ($257k), and Ball Bearings ($99.7k). During the last 5 years the exports of South Korea to Nauru have increased at an annualized rate of 56.3%, from $144k in 2017 to $1.35M in 2022.

In 2017, Nauru exported $20.9M to South Korea. The main products exported from Nauru to South Korea were Calcium Phosphates ($19M), Non-fillet Frozen Fish ($1.93M), and Integrated Circuits ($874). During the last 5 years the exports of Nauru to South Korea have increased at an annualized rate of 7.51%, from $3.95M in 2022 to $20.9M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Nauru
Top DestinationThailand$117M

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

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

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

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

Comparative Advantage South Korea - Nauru

Flow
Scale

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

During 2022, South Korea had a large net trade with Nauru in the exports of Machines ($1.21M), Mineral Products ($91.2k), and Foodstuffs ($23.6k).

During 2017, Nauru had a large net trade with South Korea in the exports of Mineral Products ($19M), Animal Products ($1.93M), and Machines ($874).

Potential Exports

Potential Exports

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

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

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