Montserrat (MSR) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Montserrat-South Korea Trade: In 2022, Montserrat exported $69.6k to South Korea. The main products that Montserrat exported to South Korea were Chemical Analysis Instruments ($37.6k), Low-voltage Protection Equipment ($9.14k), and Valves ($8.98k). Over the past 5 years the exports of Montserrat to South Korea have increased at an annualized rate of 37.7%, from $14.1k in 2017 to $69.6k in 2022.

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

South Korea-Montserrat Trade: In 2022, South Korea exported $1.5M to Montserrat. The main products that South Korea exported to Montserrat were Machinery Having Individual Functions ($1.36M), Liquid Pumps ($132k), and Other Plastic Products ($3.3k). Over the past 5 years the exports of South Korea to Montserrat have increased at an annualized rate of 81.1%, from $77k in 2017 to $1.5M in 2022.

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

Comparison In 2022, Montserrat ranked 220 in total exports ($6.58M), 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, Montserrat exported $69.6k to South Korea. The main products exported from Montserrat to South Korea were Chemical Analysis Instruments ($37.6k), Low-voltage Protection Equipment ($9.14k), and Valves ($8.98k). During the last 5 years the exports of Montserrat to South Korea have increased at an annualized rate of 37.7%, from $14.1k in 2017 to $69.6k in 2022.

In 2017, South Korea exported $1.5M to Montserrat. The main products exported from South Korea to Montserrat were Machinery Having Individual Functions ($1.36M), Liquid Pumps ($132k), and Other Plastic Products ($3.3k). During the last 5 years the exports of South Korea to Montserrat have increased at an annualized rate of 81.1%, from $77k in 2022 to $1.5M in 2017.

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

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

Latest Data

Trade between Montserrat () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montserrat
Top DestinationUnited States$1.54M

South Korea
Top DestinationChina$150B

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

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

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

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

Comparative Advantage Montserrat - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montserrat had a large net trade with South Korea in the exports of Instruments ($37.6k), Machines ($20.7k), and Metals ($8.08k).

During 2017, South Korea had a large net trade with Montserrat in the exports of Machines ($1.5M), Plastics and Rubbers ($3.3k), and Transportation ($700).

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 Montserrat and South Korea. This means that a dot/product with the flag of Montserrat 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 Montserrat.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Montserrat () and South Korea ()

South Korea Exports

Market Competitiveness

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

Comparative Advantage Montserrat - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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