Gabon (GAB) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Gabon-South Korea Trade: In 2023, Gabon exported $63M to South Korea. The main products that Gabon exported to South Korea were Crude Petroleum ($58.2M), Manganese Ore ($2.57M), and Sawn Wood ($1.83M). Over the past 5 years the exports of Gabon to South Korea have decreased at an annualized rate of 35.3%, from $557M in 2018 to $63M in 2023.

In 2023, Gabon did not export any services to South Korea.

South Korea-Gabon Trade: In 2023, South Korea exported $560M to Gabon. The main products that South Korea exported to Gabon were Special Purpose Ships ($530M), Refined Petroleum ($12.5M), and Cars ($9.23M). Over the past 5 years the exports of South Korea to Gabon have increased at an annualized rate of 111%, from $13.5M in 2018 to $560M in 2023.

In 2023, South Korea did not export any services to Gabon.

Comparison: In 2023, Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Gabon exported $63M to South Korea. The main products exported from Gabon to South Korea were Crude Petroleum ($58.2M), Manganese Ore ($2.57M), and Sawn Wood ($1.83M). During the last 5 years the exports of Gabon to South Korea have decreased at an annualized rate of 35.3%, from $557M in 2018 to $63M in 2023.

In 2018, South Korea exported $560M to Gabon. The main products exported from South Korea to Gabon were Special Purpose Ships ($530M), Refined Petroleum ($12.5M), and Cars ($9.23M). During the last 5 years the exports of South Korea to Gabon have increased at an annualized rate of 111%, from $13.5M in 2023 to $560M in 2018.

Exports from Gabon () to South Korea () (2023)

Exports from South Korea () to Gabon () (2023)

Latest Data

Trade between Gabon () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gabon
Top DestinationChina$2.77B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Gabon than South Korea included Republic of the Congo ($574M), Cameroon ($113M), and Marshall Islands ($72.9M).

In 2023, countries that imported more from South Korea than Gabon included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea () and Gabon () (2023)

Comparative Advantage Gabon - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gabon had a large net trade with South Korea in the exports of Mineral Products ($60.8M), Wood Products ($1.83M), and Arts and Antiques ($302k).

During 2018, South Korea had a large net trade with Gabon in the exports of Transportation ($540M), Mineral Products ($12.5M), and Machines ($5.71M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gabon South Korea+$77.9MCrude Petroleum

Top Product Potential South Korea Gabon+$3.75MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Gabon () to South Korea () (2023)

Exports from South Korea () to Gabon () (2023)

Latest Data

Trade between Gabon () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Gabon () (2023)

Comparative Advantage Gabon - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Gabon () and South Korea () (2023)

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