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2023
Flag → Flag
Exports $560MRnk 56 / 142
2023
Flag → Flag
Top Product $530MSpecial Purpose Ships
2023
Flag → Flag
Exports $63MRnk 23 / 153
2023
Flag → Flag
Top Product $58.2MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.62Rnk 92 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$19.4BCURRENT US$
Rnk 126 / 195
2013-2023
Flag
GDP GROWTH10.2%CURRENT US$
Rnk 155 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$7,803CURRENT US$
Rnk 100 / 196
2013-2023
Flag
GDP PC GROWTH-15.2%CURRENT US$
Rnk 172 / 195

About

South Korea-Gabon Trade: In 2023, South Korea exported $560M to Gabon. The main products that South Korea exported to Gabon were Special Purpose Ships ($530M), Refined Petroleum ($12.5M), and Cars ($9.23M). Over the past 5 years the exports of South Korea to Gabon have increased at an annualized rate of 111%, from $13.5M in 2018 to $560M in 2023.

In 2023, South Korea did not export any services to Gabon.

Gabon-South Korea Trade: In 2023, Gabon exported $63M to South Korea. The main products that Gabon exported to South Korea were Crude Petroleum ($58.2M), Manganese Ore ($2.57M), and Sawn Wood ($1.83M). Over the past 5 years the exports of Gabon to South Korea have decreased at an annualized rate of 35.3%,  from $557M in 2018 to $63M in 2023.

In 2023, Gabon did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $2.19M and imported $0 from Gabon, resulting in a positive trade balance of $2.19M. Between December 2023 and December 2024 the exports of South Korea have increased by $1.06M (93.6%) from $1.13M to $2.19M, while imports decreased by $-352k (-100%) from $352k to $0.

Trade In December 2024, the top exports of South Korea to Gabon were Cars, tractors, trucks & parts thereof. ($1M), Electrical machinery and electronics ($275k), Railway and trams ($160k), Machinery, mechanical appliances, & parts ($108k), and Organic chemicals ($78k). In December 2024 the top imports of South Korea from Gabon were Wood, wood articles, & charcoal ($94k), Organic chemicals ($0), Perfumery & cosmetics ($0), Chemical products n.e.s. ($0), and Plastics & articles thereof ($0).

Growth In December 2024, the increase in South Korea's year-by-year exports to Gabon was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($682k or 212%), Furniture, bedding, lamps, & prefab buildings ($16k or 133%), and Plastics & articles thereof ($15k or 46.9%). In December 2024, the decrease in South Korea's year-by-year imports  from Gabon was explained primarily by an decrease in product imports  in Wood, wood articles, & charcoal ($-485k or -83.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$1.06M(93.6%)
IMPORT GROWTH (December 2023 - December 2024)$-352k(-100%)

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

For full datasets download visit Bulk Download page.

Explore Gabon and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $560M to Gabon. The main products exported from South Korea to Gabon were Special Purpose Ships ($530M), Refined Petroleum ($12.5M), and Cars ($9.23M). During the last 5 years the exports of South Korea to Gabon have increased at an annualized rate of 111%, from $13.5M in 2018 to $560M in 2023.

In 2018, Gabon exported $63M to South Korea. The main products exported from Gabon to South Korea were Crude Petroleum ($58.2M), Manganese Ore ($2.57M), and Sawn Wood ($1.83M). During the last 5 years the exports of Gabon to South Korea have decreased at an annualized rate of 35.3%, from $557M in 2023 to $63M in 2018.

Exports from South Korea (Flag) to Gabon (Flag) (2023)

Exports from Gabon (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Gabon
Top DestinationChina$2.77B

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

In 2023, countries that imported more from South Korea than Gabon included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Gabon than South Korea included Republic of the Congo ($574M), Cameroon ($113M), and Marshall Islands ($72.9M).

Difference in imports from Gabon (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Gabon

Flow
Scale

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

During 2023, South Korea had a large net trade with Gabon in the exports of Transportation ($540M), Mineral Products ($12.5M), and Machines ($5.71M).

During 2018, Gabon had a large net trade with South Korea in the exports of Mineral Products ($60.8M), Wood Products ($1.83M), and Arts and Antiques ($302k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Gabon+$3.75MCars
Top Product Potential Gabon South Korea+$77.9MCrude Petroleum

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.

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Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Gabon (Flag) (2023)

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