ASSESSMENT OF THE UNDER-EXPLOITED POTENTIAL OF KOREAN EXPORTS TO LATIN AMERICA: AN ANALYSIS BASED ON COMPARATIVE ADVANTAGES MATRICES

Gilberto Libanio, Leonardo Ribeiro and Diana Chaib
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Gilberto Libanio: Cedeplar/UFMG
Leonardo Ribeiro: Cedeplar/UFMG
Diana Chaib: Cedeplar/UFMG

No 683, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: This paper investigates the under-exploited potential of Korean exports to Latin American countries, based on a comparative advantage matrix methodology. Using international trade data from 2000 to 2019, the study identifies products and sectors in which South Korea holds comparative advantages globally, but which are not yet fully reflected in its exports to Latin America. The analysis compares worldwide and regional comparative advantage indexes, revealing specific trade opportunities. The results show considerable room for expanding Korean exports in sectors such as chemicals, manufactured goods, and machinery and transport equipment. Based on these findings, the study offers policy recommendations aimed at promoting Korean exports to the Latin American region.

Keywords: Latin America; comparative advantage; international trade. (search for similar items in EconPapers)
JEL-codes: F10 F14 O24 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2025-06
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