Maldives (MDV) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Maldives-South Korea Trade: In 2022, Maldives exported $22.1k to South Korea. The main products that Maldives exported to South Korea were Trunks and Cases ($3.83k), Fish Fillets ($2.77k), and Collector's Items ($2.46k). Over the past 5 years the exports of Maldives to South Korea have decreased at an annualized rate of 37.6%, from $233k in 2017 to $22.1k in 2022.

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

South Korea-Maldives Trade: In 2022, South Korea exported $15.2M to Maldives. The main products that South Korea exported to Maldives were Aqueous Paints ($1.76M), Pasta ($1.67M), and Liquid Pumps ($1.05M). Over the past 5 years the exports of South Korea to Maldives have increased at an annualized rate of 6.18%, from $11.3M in 2017 to $15.2M in 2022.

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

Comparison In 2022, Maldives ranked 166 in total exports ($689M), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Maldives exported $22.1k to South Korea. The main products exported from Maldives to South Korea were Trunks and Cases ($3.83k), Fish Fillets ($2.77k), and Collector's Items ($2.46k). During the last 5 years the exports of Maldives to South Korea have decreased at an annualized rate of 37.6%, from $233k in 2017 to $22.1k in 2022.

In 2017, South Korea exported $15.2M to Maldives. The main products exported from South Korea to Maldives were Aqueous Paints ($1.76M), Pasta ($1.67M), and Liquid Pumps ($1.05M). During the last 5 years the exports of South Korea to Maldives have increased at an annualized rate of 6.18%, from $11.3M in 2022 to $15.2M in 2017.

Exports from Maldives () to South Korea () (2022)

Exports from South Korea () to Maldives () (2022)

Latest Data

Trade between Maldives () and South Korea ()

Maldives Exports

Date

May 2018

Apr 2018

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South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Maldives
Top DestinationIndia$488M

South Korea
Top DestinationChina$150B

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

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

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

Difference in imports from South Korea () and Maldives () (2022)

Comparative Advantage Maldives - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Maldives had a large net trade with South Korea in the exports of Textiles ($4.18k), Animal Products ($3.99k), and Animal Hides ($3.83k).

During 2017, South Korea had a large net trade with Maldives in the exports of Machines ($6.05M), Chemical Products ($3.09M), and Foodstuffs ($1.93M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Maldives () to South Korea () (2022)

Exports from South Korea () to Maldives () (2022)

Latest Data

Trade between Maldives () and South Korea ()

Maldives Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Maldives () (2022)

Comparative Advantage Maldives - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Maldives () and South Korea () (2022)

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