2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Eritrea-South Korea Trade: In 2022, Eritrea exported $74.3M to South Korea. The main products that Eritrea exported to South Korea were Zinc Ore ($74.3M), Aluminium Foil ($514), and Motor vehicles; parts and accessories (8701 to 8705) ($457). Over the past 5 years the exports of Eritrea to South Korea have decreased at an annualized rate of 0.31%, from $75.5M in 2017 to $74.3M in 2022.

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

South Korea-Eritrea Trade: In 2022, South Korea exported $1.36M to Eritrea. The main products that South Korea exported to Eritrea were Electric Batteries ($493k), Vaccines, blood, antisera, toxins and cultures ($383k), and Washing and Bottling Machines ($168k). Over the past 5 years the exports of South Korea to Eritrea have increased at an annualized rate of 8.7%,  from $896k in 2017 to $1.36M in 2022.

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

Comparison In 2022,  Eritrea ranked 163 in total exports ($789M), 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
Value

In 2022, Eritrea exported $74.3M to South Korea. The main products exported from Eritrea to South Korea were Zinc Ore ($74.3M), Aluminium Foil ($514), and Motor vehicles; parts and accessories (8701 to 8705) ($457). During the last 5 years the exports of Eritrea to South Korea have decreased at an annualized rate of 0.31%, from $75.5M in 2017 to $74.3M in 2022.

In 2017, South Korea exported $1.36M to Eritrea. The main products exported from South Korea to Eritrea were Electric Batteries ($493k), Vaccines, blood, antisera, toxins and cultures ($383k), and Washing and Bottling Machines ($168k). During the last 5 years the exports of South Korea to Eritrea have increased at an annualized rate of 8.7%, from $896k in 2022 to $1.36M in 2017.

Exports from Eritrea (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Eritrea (Flag) (2022)

Latest Data

Trade between Eritrea (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Eritrea
Top Destination
China$412M
South Korea
Top Destination
China$150B

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

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

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

Difference in imports from South Korea (Flag) and Eritrea (Flag) (2022)

Comparative Advantage Eritrea - South Korea

Flow
Scale

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

During 2022, Eritrea had a large net trade with South Korea in the exports of Mineral Products ($74.3M), Metals ($514), and Transportation ($457).

During 2017, South Korea had a large net trade with Eritrea in the exports of Machines ($688k), Chemical Products ($383k), and Paper Goods ($123k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Eritrea and South Korea. This means that a dot/product with the flag of Eritrea 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 Eritrea.

Product Space of Eritrea (Flag) and South Korea (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with