Flag South Korea / Republic of the Congo Flag

Exports FlagFlag  (2018): $105M, Rnk 109 / 210

Top Product FlagFlag (2018): $54.3M, Office Machine Parts

Exports FlagFlag (2018): $68.7M, Rnk 12 / 88

Top Product FlagFlag (2018): $56.3M, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

Economic Complexity of Flag (2018): ECI -0.98, Rnk 112 / 137

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 196

GDP Flag (2018): $11.3B, CURRENT US$
Rnk 139 / 196

GDP GROWTH Flag (2008-2018): -5.02%, CURRENT US$
Rnk 180 / 196

GDP PC Flag (2018): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

GDP PC Flag (2018): $2,148, CURRENT US$
Rnk 146 / 196

GDP PC GROWTH Flag (2008-2018): -27.3%, CURRENT US$
Rnk 191 / 196

South Korea-Republic of the Congo: In 2018, South Korea exported $105M to Republic of the Congo. The main products exported from South Korea to Republic of the Congo were Office Machine Parts ($54.3M), Carbon Paper ($14M), and Large Construction Vehicles ($4.73M). During the last 23 years the exports of South Korea to Republic of the Congo have increased at an annualized rate of 20.5%, from $1.44M in 1995 to $105M in 2018.

Republic of the Congo-South Korea: In 2018, Republic of the Congo exported $68.7M to South Korea. The main products exported from Republic of the Congo to South Korea were Crude Petroleum ($56.3M), Zinc Ore ($5.34M), and Cobalt ($3.03M). During the last 23 years the exports of Republic of the Congo to South Korea have increased at an annualized rate of 7.51%, from $13M in 1995 to $68.7M in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). That same year, Republic of the Congo ranked 112 in the Economic Complexity Index (ECI -0.98), and 87 in total exports ($10B). In terms of GDP Per Capita, South Korea was ranked 34 with a GDP Per Capita of $31,363, and Republic of the Congo was ranked 146 with a GDP Per Capita of $2,148.

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $105M to Republic of the Congo. The main products exported from South Korea to Republic of the Congo were Office Machine Parts ($54.3M), Carbon Paper ($14M), and Large Construction Vehicles ($4.73M). During the last 23 years the exports of South Korea to Republic of the Congo have increased at an annualized rate of 20.5%, from $1.44M in 1995 to $105M in 2018.

In 2018, Republic of the Congo exported $68.7M to South Korea. The main products exported from Republic of the Congo to South Korea were Crude Petroleum ($56.3M), Zinc Ore ($5.34M), and Cobalt ($3.03M). During the last 23 years the exports of Republic of the Congo to South Korea have increased at an annualized rate of 7.51%, from $13M in 1995 to $68.7M in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Republic of the Congo
Top Destination
: China, $5.88B

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

In 2018, countries that imported more from South Korea than Republic of the Congo were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

In 2018, no countries were registered that imported more from Republic of the Congo than from South Korea.

Comparative Advantage South Korea - Republic of the Congo

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Depth

This chart compares trade between South Korea and Republic of the Congo by product, considering products traded by both, South Korea and Republic of the Congo.

During 2018, South Korea had a large net trade with Republic of the Congo in the exports of Machines ($66.6M), Paper Goods ($16M), and Chemical Products ($9.25M).

During 2018, Republic of the Congo had a large net trade with South Korea in the exports of Mineral Products ($61.6M), Metals ($4.56M), and Wood Products ($1.93M).

Tariff Section

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This sections shows import tariffs for products traded between South Korea and Republic of the Congo (using the HS6 product classification and the last year reported).

In 2018, the products from South Korea that paid the highest import tariffs to enter Republic of the Congo were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

In 2015, the products from Republic of the Congo that paid the highest import tariffs to enter South Korea were Bovine carcasses and half carcasses, fresh or chilled (35%) and Bovine cuts bone in, fresh or chilled (35%).

Explore Tariff Data

*The tariffs present between South Korea and Republic of the Congo are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between South Korea and Republic of the Congo. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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