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Pricing

2022
Flag → Flag
Exports $1.36MRnk 200 / 220
2022
Flag → Flag
Top Product $493kElectric Batteries
2022
Flag → Flag
Exports $74.3MRnk 3 / 75
2022
Flag → Flag
Top Product $74.3MZinc Ore
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Eritrea Trade: In 2022, South Korea exported $1.36M to Eritrea. The main products that South Korea exported to Eritrea were Electric Batteries ($493k), Vaccines, blood, antisera, toxins and cultures ($383k), and Washing and Bottling Machines ($168k). Over the past 5 years the exports of South Korea to Eritrea have increased at an annualized rate of 8.7%, from $896k in 2017 to $1.36M in 2022.

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

Eritrea-South Korea Trade: 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). Over the past 5 years the exports of Eritrea to South Korea have decreased at an annualized rate of 0.31%,  from $75.5M in 2017 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 1.78),  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.

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $124k and imported $21.3M from Eritrea, resulting in a negative trade balance of $21.2M. Between October 2023 and October 2024 the exports of South Korea have increased by $45k (57%) from $79k to $124k, while imports increased by $21.3M (N/A%) from $0 to $21.3M.

Trade In October 2024, the top exports of South Korea to Eritrea were Chemical products n.e.s. ($2k), Ores, slag and ash ($0), and Leather articles ($0). In October 2024 the top imports of South Korea from Eritrea were Ores, slag and ash ($11.2M), Chemical products n.e.s. ($0), and Leather articles ($0).

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

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$45k(57%)
IMPORT GROWTH (October 2023 - October 2024)$21.3M(N/A%)

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

For full datasets download visit Bulk Download page.

Explore Eritrea and South Korea Data

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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 5 years the exports of South Korea to Eritrea have increased at an annualized rate of 8.7%, from $896k in 2017 to $1.36M in 2022.

In 2017, 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 5 years the exports of Eritrea to South Korea have decreased at an annualized rate of 0.31%, from $75.5M in 2022 to $74.3M in 2017.

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

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

Market Competitiveness

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

In 2022, 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 2017, 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 shows the product space at the HS4 level with the flags of South Korea and Eritrea. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Eritrea. Similarly, a dot/product with the flag of Eritrea indicates it has a comparative advantage over South Korea.

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

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