2022
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GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$127BCURRENT US$
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2012-2022
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GDP GROWTH
193%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$1,028CURRENT US$
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2012-2022
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GDP PC GROWTH
124%CURRENT US$
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About

South Korea-Ethiopia In 2022, South Korea exported $128M to Ethiopia. The main products that South Korea exported to Ethiopia are Large Construction Vehicles ($29.5M), Cars ($8.99M), and Rice ($8.79M). During the last 27 years the exports of South Korea to Ethiopia have increased at an annualized rate of 4.57%, from $38.2M in 1995 to $128M in 2022.

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

Ethiopia-South Korea In 2022, Ethiopia exported $123M to South Korea. The main products that Ethiopia exported to South Korea were Coffee ($111M), Non-Knit Women's Coats ($2.74M), and Cut Flowers ($2.12M). During the last 27 years the exports of Ethiopia to South Korea have increased at an annualized rate of 14.6%, from $3.07M in 1995 to $123M in 2022.

In 2022, Ethiopia 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, Ethiopia ranked 97 in the Economic Complexity Index (ECI -0.86), and 134 in total exports ($4.24B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $128M to Ethiopia. The main products exported from South Korea to Ethiopia were Large Construction Vehicles ($29.5M), Cars ($8.99M), and Rice ($8.79M). During the last 27 years the exports of South Korea to Ethiopia have increased at an annualized rate of 4.57%, from $38.2M in 1995 to $128M in 2022.

In 2022, Ethiopia exported $123M to South Korea. The main products exported from Ethiopia to South Korea were Coffee ($111M), Non-Knit Women's Coats ($2.74M), and Cut Flowers ($2.12M). During the last 27 years the exports of Ethiopia to South Korea have increased at an annualized rate of 14.6%, from $3.07M in 1995 to $123M in 2022.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Ethiopia
Top Destination
United Arab Emirates$723M

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

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

In 2021, countries that imported more from Ethiopia than South Korea were Somalia ($265M), Djibouti ($86.8M), and South Sudan ($7.98M).

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

Comparative Advantage South Korea - Ethiopia

Flow
Scale

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

During 2022, South Korea had a large net trade with Ethiopia in the exports of Machines ($52.2M), Plastics and Rubbers ($26.1M), and Chemical Products ($18.4M).

During 2022, Ethiopia had a large net trade with South Korea in the exports of Vegetable Products ($115M), Textiles ($7.24M), and Animal Products ($327k).

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

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

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