2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$20.4BCURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP GROWTH
46.3%CURRENT US$
Rnk 73 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC
$7,738CURRENT US$
Rnk 86 / 186
2012-2022
Flag
GDP PC GROWTH
21%CURRENT US$
Rnk 82 / 186

About

South Korea-Botswana Trade: In 2022, South Korea exported $16.8M to Botswana. The main products that South Korea exported to Botswana were Medical Instruments ($1.73M), Cars ($1.11M), and Liquid Fuel Furnaces ($952k). Over the past 5 years the exports of South Korea to Botswana have increased at an annualized rate of 26.8%, from $5.12M in 2017 to $16.8M in 2022.

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

Botswana-South Korea Trade: In 2022, Botswana exported $1.46M to South Korea. The main products that Botswana exported to South Korea were Diamonds ($314k), Milling Stones ($11.8k), and Insulated Wire ($1.78k). Over the past 5 years the exports of Botswana to South Korea have increased at an annualized rate of 127%,  from $24k in 2017 to $1.46M in 2022.

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

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Botswana ranked 91 in the Economic Complexity Index (ECI -0.59), and 107 in total exports ($8.65B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $16.8M to Botswana. The main products exported from South Korea to Botswana were Medical Instruments ($1.73M), Cars ($1.11M), and Liquid Fuel Furnaces ($952k). During the last 5 years the exports of South Korea to Botswana have increased at an annualized rate of 26.8%, from $5.12M in 2017 to $16.8M in 2022.

In 2017, Botswana exported $1.46M to South Korea. The main products exported from Botswana to South Korea were Diamonds ($314k), Milling Stones ($11.8k), and Insulated Wire ($1.78k). During the last 17 years the exports of Botswana to South Korea have increased at an annualized rate of 127%, from $24k in 2000 to $1.46M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Botswana
Top Destination
United Arab Emirates$2.31B

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

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

In 2022, countries that imported more from Botswana than South Korea included Namibia ($111M), Zambia ($70.6M), and Anguilla ($50M).

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

Comparative Advantage South Korea - Botswana

Flow
Scale

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

During 2022, South Korea had a large net trade with Botswana in the exports of Machines ($3.02M), Instruments ($1.81M), and Transportation ($1.79M).

During 2017, Botswana had a large net trade with South Korea in the exports of Precious Metals ($314k), Stone And Glass ($11.8k), and Machines ($2.14k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Botswana. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Botswana. Similarly, a dot/product with the flag of Botswana indicates it has a comparative advantage over South Korea.

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

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