2022
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GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Eritrea In 2022, South Korea exported $1.36M to Eritrea. The main products that South Korea exported to Eritrea are Electric Batteries ($493k), Vaccines, blood, antisera, toxins and cultures ($383k), and Washing and Bottling Machines ($168k). During the last 27 years the exports of South Korea to Eritrea have decreased at an annualized rate of 7.61%, from $11.5M in 1995 to $1.36M in 2022.

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

Eritrea-South Korea In 2022, Eritrea exported $74.3M to South Korea. The main products that Eritrea exported to South Korea were Zinc Ore ($74.3M), Aluminium Foil ($514), and Motor vehicles; parts and accessories (8701 to 8705) ($457). During the last 27 years the exports of Eritrea to South Korea have increased at an annualized rate of 38.4%, from $11.5k in 1995 to $74.3M in 2022.

In 2022, Eritrea 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, Eritrea ranked 163 in total exports ($789M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.36M to Eritrea. The main products exported from South Korea to Eritrea were Electric Batteries ($493k), Vaccines, blood, antisera, toxins and cultures ($383k), and Washing and Bottling Machines ($168k). During the last 27 years the exports of South Korea to Eritrea have decreased at an annualized rate of 7.61%, from $11.5M in 1995 to $1.36M in 2022.

In 2022, Eritrea exported $74.3M to South Korea. The main products exported from Eritrea to South Korea were Zinc Ore ($74.3M), Aluminium Foil ($514), and Motor vehicles; parts and accessories (8701 to 8705) ($457). During the last 25 years the exports of Eritrea to South Korea have increased at an annualized rate of 38.4%, from $11.5k in 1997 to $74.3M in 2022.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Eritrea
Top Destination
China$412M

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

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

In 2019, no countries were registered that imported more from Eritrea than from South Korea.

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

Comparative Advantage South Korea - Eritrea

Flow
Scale

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

During 2022, South Korea had a large net trade with Eritrea in the exports of Machines ($688k), Chemical Products ($383k), and Paper Goods ($123k).

During 2022, Eritrea had a large net trade with South Korea in the exports of Mineral Products ($74.3M), Metals ($514), and Transportation ($457).

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 Eritrea. Similarly, the more yellow a dot/product is, the more Eritrea has comparative advantage over South Korea.

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

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