PORTUGAL: New subnational monthly data !
Have fun with OEC Games!
New 50% OFF discount for academic accounts !
Sign In
Pricing

2022
Flag → Flag
Exports $16.8MRnk 176 / 220
2022
Flag → Flag
Top Product $1.73MMedical Instruments
2022
Flag → Flag
Exports $1.46MRnk 44 / 129
2022
Flag → Flag
Top Product $314kDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.59Rnk 91 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$20.4BCURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP GROWTH46.3%CURRENT US$
Rnk 73 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$7,738CURRENT US$
Rnk 86 / 186
2012-2022
Flag
GDP PC GROWTH21%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).

Latest Trends

May, 2024

About

Overview In May 2024, South Korea exported $849k and imported $24k from Botswana, resulting in a positive trade balance of $825k. Between May 2023 and May 2024 the exports of South Korea have increased by $109k (14.7%) from $740k to $849k, while imports decreased by $-28k (-53.8%) from $52k to $24k.

Trade In May 2024, the top exports of South Korea to Botswana were Precious stones, metals, & pearls ($0) and Electrical machinery and electronics ($0). In May 2024 the top imports of South Korea from Botswana were Precious stones, metals, & pearls ($51k) and Electrical machinery and electronics ($0).

Growth In May 2024, the increase in South Korea's year-by-year exports to Botswana was explained primarily by an increase in product exports in . In May 2024, the decrease in South Korea's year-by-year imports  from Botswana was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$109k(14.7%)
IMPORT GROWTH (May 2023 - May 2024)$-28k(-53.8%)

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 Botswana and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Botswana and South Korea Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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 DestinationChina$150B
Botswana
Top DestinationUnited 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Botswana+$2.51MCars
Top Product Potential Botswana South Korea+$903kDiamonds

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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)

Keep Exploring

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