Kenya (KEN) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Kenya-South Korea Trade: In 2022, Kenya exported $58.9M to South Korea. The main products that Kenya exported to South Korea were Coffee ($31.1M), Titanium Ore ($12M), and Scrap Copper ($7.11M). Over the past 5 years the exports of Kenya to South Korea have increased at an annualized rate of 17.3%, from $26.5M in 2017 to $58.9M in 2022.

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

South Korea-Kenya Trade: In 2022, South Korea exported $477M to Kenya. The main products that South Korea exported to Kenya were Refined Petroleum ($177M), Hot-Rolled Iron ($37.8M), and Ethylene Polymers ($23.5M). Over the past 5 years the exports of South Korea to Kenya have increased at an annualized rate of 16%, from $228M in 2017 to $477M in 2022.

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

Comparison: In 2022, Kenya ranked 87 in the Economic Complexity Index (ECI -0.5), and 115 in total exports ($7.34B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kenya exported $58.9M to South Korea. The main products exported from Kenya to South Korea were Coffee ($31.1M), Titanium Ore ($12M), and Scrap Copper ($7.11M). During the last 5 years the exports of Kenya to South Korea have increased at an annualized rate of 17.3%, from $26.5M in 2017 to $58.9M in 2022.

In 2017, South Korea exported $477M to Kenya. The main products exported from South Korea to Kenya were Refined Petroleum ($177M), Hot-Rolled Iron ($37.8M), and Ethylene Polymers ($23.5M). During the last 5 years the exports of South Korea to Kenya have increased at an annualized rate of 16%, from $228M in 2022 to $477M in 2017.

Exports from Kenya () to South Korea () (2022)

Exports from South Korea () to Kenya () (2022)

Latest Data

Trade between Kenya () and South Korea ()

Kenya Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kenya
Top DestinationUnited States$722M

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Kenya than South Korea included Uganda ($677M), Rwanda ($439M), and South Sudan ($170M).

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

Difference in imports from South Korea () and Kenya () (2022)

Comparative Advantage Kenya - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kenya had a large net trade with South Korea in the exports of Vegetable Products ($32.1M), Mineral Products ($12M), and Metals ($8.62M).

During 2017, South Korea had a large net trade with Kenya in the exports of Mineral Products ($190M), Plastics and Rubbers ($83.2M), and Metals ($74.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kenya South Korea+$6.4MCoffee

Top Product Potential South Korea Kenya+$97.7MRefined Petroleum

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 Kenya and South Korea. This means that a dot/product with the flag of Kenya 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 Kenya.

About

Historical Data

Bilateral Trade by Products

Exports from Kenya () to South Korea () (2022)

Exports from South Korea () to Kenya () (2022)

Latest Data

Trade between Kenya () and South Korea ()

Kenya Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Kenya () (2022)

Comparative Advantage Kenya - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kenya () and South Korea () (2022)

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