Summary
- Malta → South Korea
- $316million
- South Korea → Malta
- $2.3billion
- Malta’s balance
- -$2billion
Balance
Malta’s trade balance with South Korea
Trade between Malta and South Korea grew 16.4-fold since 1995
USD billions (current). Malta’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0.3
- Imports 2.3
- Balance -2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $34 million | $127 million | -$93 million |
| 1996 | $22 million | $70 million | -$48 million |
| 1997 | $14 million | $51 million | -$37 million |
| 1998 | $39 million | $193 million | -$153 million |
| 1999 | $12 million | $122 million | -$110 million |
| 2000 | $37 million | $176 million | -$139 million |
| 2001 | $50 million | $320 million | -$270 million |
| 2002 | $74 million | $519 million | -$445 million |
| 2003 | $105 million | $247 million | -$142 million |
| 2004 | $104 million | $518 million | -$414 million |
| 2005 | $62 million | $422 million | -$359 million |
| 2006 | $61 million | $513 million | -$452 million |
| 2007 | $164 million | $544 million | -$380 million |
| 2008 | $179 million | $1.7 billion | -$1.6 billion |
| 2009 | $155 million | $1.6 billion | -$1.4 billion |
| 2010 | $203 million | $1.7 billion | -$1.5 billion |
| 2011 | $178 million | $2.5 billion | -$2.3 billion |
| 2012 | $278 million | $2.7 billion | -$2.4 billion |
| 2013 | $772 million | $823 million | -$51 million |
| 2014 | $512 million | $1 billion | -$529 million |
| 2015 | $202 million | $2.2 billion | -$2 billion |
| 2016 | $82 million | $680 million | -$598 million |
| 2017 | $88 million | $640 million | -$552 million |
| 2018 | $105 million | $959 million | -$854 million |
| 2019 | $80 million | $713 million | -$632 million |
| 2020 | $120 million | $2 billion | -$1.9 billion |
| 2021 | $96 million | $3 billion | -$2.9 billion |
| 2022 | $111 million | $1.7 billion | -$1.6 billion |
| 2023 | $287 million | $901 million | -$614 million |
| 2024 | $316 million | $2.3 billion | -$2 billion |
What they sell each other
What Malta sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to Malta
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Valletta and Busan is 14,425 nautical miles (26,714 km) long: ≈ 33.5–43 days at sea (at 18 and 14 knots).
Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (14,425 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (8,644 nautical miles).
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was Malta’s 2nd largest trading partner (11% of its trade), and Malta was South Korea’s 50th (0.2%).
- South Korea in Malta’s trade
- 11.3%
- South Korea’s rank among Malta’s partners
- 2nd
- Malta in South Korea’s trade
- 0.2%
- Malta’s rank among South Korea’s partners
- 50th
Compare with
Other partners of Malta
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.