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Assessment Of The Under-Exploited Potential Of Korean Exports To Latin America: An Analysis Based On Comparative Advantages Matrices

Author

Listed:
  • Gilberto Libanio

    (Cedeplar/UFMG)

  • Leonardo Ribeiro

    (Cedeplar/UFMG)

  • Diana Chaib

    (Cedeplar/UFMG)

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.

Suggested Citation

  • Gilberto Libanio & Leonardo Ribeiro & Diana Chaib, 2025. "Assessment Of The Under-Exploited Potential Of Korean Exports To Latin America: An Analysis Based On Comparative Advantages Matrices," Textos para Discussão Cedeplar-UFMG 683, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td683
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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20683.pdf
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    References listed on IDEAS

    as
    1. Ricardo Hausmann & Jason Hwang & Dani Rodrik, 2007. "What you export matters," Journal of Economic Growth, Springer, vol. 12(1), pages 1-25, March.
    2. Gilberto Libanio & Diana Chaib, 2021. "The competition between China and Korea for export markets in Latin America: an analysis by technological categories," Textos para Discussão Cedeplar-UFMG 632, Cedeplar, Universidade Federal de Minas Gerais.
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    Keywords

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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F10 - International Economics - - Trade - - - General
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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