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Pricing

2022
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Exports $514MRnk 69 / 220
2022
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Top Product $379MRefined Petroleum
2022
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Exports $637kRnk 75 / 150
2022
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Top Product $414kRaw Lead
2022
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Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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Economic Complexity (ECI) ECI -1.4Rnk 118 / 124
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$107BCURRENT US$
Rnk 67 / 186
2012-2022
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GDP GROWTH-14.6%CURRENT US$
Rnk 177 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$2,999CURRENT US$
Rnk 135 / 186
2012-2022
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GDP PC GROWTH-39.6%CURRENT US$
Rnk 182 / 186

About

South Korea-Angola In 2022, South Korea exported $514M to Angola. The main products that South Korea exported to Angola are Refined Petroleum ($379M), Propylene Polymers ($26.2M), and Cars ($25.2M). During the last 27 years the exports of South Korea to Angola have increased at an annualized rate of 11%, from $30.8M in 1995 to $514M in 2022.

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

Angola-South Korea In 2022, Angola exported $637k to South Korea. The main products that Angola exported to South Korea were Raw Lead ($414k), Motor vehicles; parts and accessories (8701 to 8705) ($112k), and Gold ($63k). During the last 27 years the exports of Angola to South Korea have decreased at an annualized rate of 17.1%, from $99.7M in 1995 to $637k in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Angola ranked 118 in the Economic Complexity Index (ECI -1.4), and 58 in total exports ($54.1B).

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $5.87M and imported $0 from Angola, resulting in a positive trade balance of $5.87M. Between February 2023 and February 2024 the exports of South Korea have increased by $108k (1.87%) from $5.76M to $5.87M, while imports decreased by $-1k (-100%) from $1k to $0.

Trade In February 2024, the top exports of South Korea to Angola were Plastics & articles thereof ($2.76M), Machinery, mechanical appliances, & parts ($2.18M), Cars, tractors, trucks & parts thereof. ($1.66M), Pharmaceutical products ($797k), and Aluminum articles ($789k). In February 2024 the top imports of South Korea from Angola were Aluminum articles ($4k), Fish, crustaceans, & molluscs ($1k), Knitted clothing accesories ($1k), Miscellaneous edible preparations ($0), and Mineral fuels, mineral oils and products... ($0).

Growth In February 2024, the increase in South Korea's year-by-year exports to Angola was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($1.04M or 91.8%), Chemical products n.e.s. ($10k or 200%), and Electrical machinery and electronics ($3k or 60%). In February 2024, the decrease in South Korea's year-by-year imports  from Angola was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$108k(1.87%)
IMPORT GROWTH (February 2023 - February 2024)$-1k(-100%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Angola and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $514M to Angola. The main products exported from South Korea to Angola were Refined Petroleum ($379M), Propylene Polymers ($26.2M), and Cars ($25.2M). During the last 27 years the exports of South Korea to Angola have increased at an annualized rate of 11%, from $30.8M in 1995 to $514M in 2022.

In 2022, Angola exported $637k to South Korea. The main products exported from Angola to South Korea were Raw Lead ($414k), Motor vehicles; parts and accessories (8701 to 8705) ($112k), and Gold ($63k). During the last 27 years the exports of Angola to South Korea have decreased at an annualized rate of 17.1%, from $99.7M in 1995 to $637k in 2022.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Angola
Top DestinationChina$21.8B

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

In 2021, countries that imported more from South Korea than Angola were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from Angola than South Korea were Republic of the Congo ($143M), Gibraltar ($112M), and Malawi ($97.6M).

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

Comparative Advantage South Korea - Angola

Flow
Scale

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

During 2022, South Korea had a large net trade with Angola in the exports of Mineral Products ($379M), Machines ($42.2M), and Plastics and Rubbers ($40.6M).

During 2022, Angola had a large net trade with South Korea in the exports of Metals ($415k), Transportation ($112k), and Precious Metals ($63k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Angola. Similarly, the more yellow a dot/product is, the more Angola has comparative advantage over South Korea.

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

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