Timor-Leste (TLS) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Timor-Leste-South Korea Trade: In 2022, Timor-Leste exported $68.5M to South Korea. The main products that Timor-Leste exported to South Korea were Crude Petroleum ($67.7M), Other Processed Fruits and Nuts ($386k), and Coffee ($347k). Over the past 5 years the exports of Timor-Leste to South Korea have increased at an annualized rate of 124%, from $1.23M in 2017 to $68.5M in 2022.

In 2022, Timor-Leste did not export any services to South Korea.

South Korea-Timor-Leste Trade: In 2022, South Korea exported $4.06M to Timor-Leste. The main products that South Korea exported to Timor-Leste were Refined Petroleum ($1.18M), Flavored Water ($1.11M), and Pasta ($455k). Over the past 5 years the exports of South Korea to Timor-Leste have decreased at an annualized rate of 17%, from $10.3M in 2017 to $4.06M in 2022.

In 2022, South Korea did not export any services to Timor-Leste.

Comparison In 2022, Timor-Leste ranked 170 in total exports ($513M), 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, Timor-Leste exported $68.5M to South Korea. The main products exported from Timor-Leste to South Korea were Crude Petroleum ($67.7M), Other Processed Fruits and Nuts ($386k), and Coffee ($347k). During the last 5 years the exports of Timor-Leste to South Korea have increased at an annualized rate of 124%, from $1.23M in 2017 to $68.5M in 2022.

In 2017, South Korea exported $4.06M to Timor-Leste. The main products exported from South Korea to Timor-Leste were Refined Petroleum ($1.18M), Flavored Water ($1.11M), and Pasta ($455k). During the last 5 years the exports of South Korea to Timor-Leste have decreased at an annualized rate of 17%, from $10.3M in 2022 to $4.06M in 2017.

Exports from Timor-Leste () to South Korea () (2022)

Exports from South Korea () to Timor-Leste () (2022)

Latest Data

Trade between Timor-Leste () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Timor-Leste
Top DestinationChina$131M

South Korea
Top DestinationChina$150B

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

In 2022, no countries were registered that imported more from Timor-Leste than from South Korea.

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

Difference in imports from South Korea () and Timor-Leste () (2022)

Comparative Advantage Timor-Leste - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Timor-Leste had a large net trade with South Korea in the exports of Mineral Products ($67.7M), Foodstuffs ($386k), and Vegetable Products ($347k).

During 2017, South Korea had a large net trade with Timor-Leste in the exports of Foodstuffs ($1.6M), Mineral Products ($1.18M), and Chemical Products ($453k).

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 Timor-Leste and South Korea. This means that a dot/product with the flag of Timor-Leste 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 Timor-Leste.

About

Historical Data

Bilateral Trade by Products

Exports from Timor-Leste () to South Korea () (2022)

Exports from South Korea () to Timor-Leste () (2022)

Latest Data

Trade between Timor-Leste () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Timor-Leste () (2022)

Comparative Advantage Timor-Leste - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Timor-Leste () and South Korea () (2022)

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