Flag South Korea / Gabon Flag

Exports FlagFlag  (2018): $11.7M, Rnk 167 / 210

Top Product FlagFlag (2018): $2.66M, Cars

Exports FlagFlag (2018): $486M, Rnk 3 / 98

Top Product FlagFlag (2018): $476M, Crude Petroleum

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

Economic Complexity of Flag (2018): ECI -1.35, Rnk 126 / 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): $16.9B, CURRENT US$
Rnk 120 / 196

GDP GROWTH Flag (2008-2018): 8.67%, CURRENT US$
Rnk 147 / 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): $7,953, CURRENT US$
Rnk 88 / 196

GDP PC GROWTH Flag (2008-2018): -22.1%, CURRENT US$
Rnk 186 / 196

South Korea-Gabon: In 2018, South Korea exported $11.7M to Gabon. The main products exported from South Korea to Gabon were Cars ($2.66M), Plastic Pipes ($1.58M), and Insulated Wire ($1.17M). During the last 23 years the exports of South Korea to Gabon have increased at an annualized rate of 1.71%, from $7.91M in 1995 to $11.7M in 2018.

Gabon-South Korea: In 2018, Gabon exported $486M to South Korea. The main products exported from Gabon to South Korea were Crude Petroleum ($476M), Manganese Ore ($9.01M), and Raw Lead ($545k). During the last 23 years the exports of Gabon to South Korea have increased at an annualized rate of 7.15%, from $99.4M in 1995 to $486M 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, Gabon ranked 126 in the Economic Complexity Index (ECI -1.35), and 108 in total exports ($5.75B). In terms of GDP Per Capita, South Korea was ranked 34 with a GDP Per Capita of $31,363, and Gabon was ranked 88 with a GDP Per Capita of $7,953.

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $11.7M to Gabon. The main products exported from South Korea to Gabon were Cars ($2.66M), Plastic Pipes ($1.58M), and Insulated Wire ($1.17M). During the last 23 years the exports of South Korea to Gabon have increased at an annualized rate of 1.71%, from $7.91M in 1995 to $11.7M in 2018.

In 2018, Gabon exported $486M to South Korea. The main products exported from Gabon to South Korea were Crude Petroleum ($476M), Manganese Ore ($9.01M), and Raw Lead ($545k). During the last 23 years the exports of Gabon to South Korea have increased at an annualized rate of 7.15%, from $99.4M in 1995 to $486M in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Gabon
Top Destination
: China, $2.62B

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

In 2018, no countries were registered that imported more from Gabon than from South Korea.

Comparative Advantage South Korea - Gabon

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Depth

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

During 2018, South Korea had a large net trade with Gabon in the exports of Machines ($4.14M), Transportation ($3.47M), and Plastics and Rubbers ($2.22M).

During 2018, Gabon had a large net trade with South Korea in the exports of Mineral Products ($485M), Wood Products ($811k), and Metals ($545k).

Tariff Section

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This sections shows import tariffs for products traded between South Korea and Gabon (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 Gabon were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

In 2016, the products from Gabon that paid the highest import tariffs to enter South Korea were Mules and hinnies: live (30%) and Bovine animals, live, except pure-bred breeding (30%).

Explore Tariff Data

*The tariffs present between South Korea and Gabon 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 Gabon. 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 Gabon. Similarly, the more red a dot/product is, the more Gabon has comparative advantage over South Korea.