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Pricing

2022
Flag → Flag
Exports $3.71MRnk 187 / 220
2022
Flag → Flag
Top Product $965kCars
2022
Flag → Flag
Exports $4.56MRnk 9 / 92
2022
Flag → Flag
Top Product $2.25MNon-fillet Frozen Fish
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$2.27BCURRENT US$
Rnk 166 / 186
2012-2022
Flag
GDP GROWTH60.6%CURRENT US$
Rnk 39 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$840CURRENT US$
Rnk 172 / 186
2012-2022
Flag
GDP PC GROWTH22.4%CURRENT US$
Rnk 78 / 186

About

South Korea-Gambia Trade: In 2022, South Korea exported $3.71M to Gambia. The main products that South Korea exported to Gambia were Cars ($965k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($401k), and Vaccines, blood, antisera, toxins and cultures ($321k). Over the past 5 years the exports of South Korea to Gambia have increased at an annualized rate of 3.26%, from $3.16M in 2017 to $3.71M in 2022.

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

Gambia-South Korea Trade: In 2022, Gambia exported $4.56M to South Korea. The main products that Gambia exported to South Korea were Non-fillet Frozen Fish ($2.25M), Scrap Copper ($2.15M), and Processed Crustaceans ($148k). Over the past 5 years the exports of Gambia to South Korea have increased at an annualized rate of 2.62%,  from $4.01M in 2017 to $4.56M in 2022.

In 2022, Gambia 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, Gambia ranked 193 in total exports ($170M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $263k and imported $405k from Gambia, resulting in a negative trade balance of $142k. Between August 2023 and August 2024 the exports of South Korea have increased by $100k (61.3%) from $163k to $263k, while imports decreased by $-228k (-36%) from $633k to $405k.

Trade In August 2024, the top exports of South Korea to Gambia were Electrical machinery and electronics ($87k), Preparations of cereals, flour, starch or... ($49k), Machinery, mechanical appliances, & parts ($46k), Chemical products n.e.s. ($20k), and Cars, tractors, trucks & parts thereof. ($19k). In August 2024 the top imports of South Korea from Gambia were Fish, crustaceans, & molluscs ($292k), Copper articles ($138k), Preparations of fish, crustacenas, & molluscs ($67k), Preparations of cereals, flour, starch or... ($0), and Chemical products n.e.s. ($0).

Growth In August 2024, the increase in South Korea's year-by-year exports to Gambia was explained primarily by an increase in product exports in Electrical machinery and electronics ($57k or 190%) and Cars, tractors, trucks & parts thereof. ($14k or 280%). In August 2024, the decrease in South Korea's year-by-year imports  from Gambia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$100k(61.3%)
IMPORT GROWTH (August 2023 - August 2024)$-228k(-36%)

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

For full datasets download visit Bulk Download page.

Explore Gambia and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $3.71M to Gambia. The main products exported from South Korea to Gambia were Cars ($965k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($401k), and Vaccines, blood, antisera, toxins and cultures ($321k). During the last 5 years the exports of South Korea to Gambia have increased at an annualized rate of 3.26%, from $3.16M in 2017 to $3.71M in 2022.

In 2017, Gambia exported $4.56M to South Korea. The main products exported from Gambia to South Korea were Non-fillet Frozen Fish ($2.25M), Scrap Copper ($2.15M), and Processed Crustaceans ($148k). During the last 5 years the exports of Gambia to South Korea have increased at an annualized rate of 2.62%, from $4.01M in 2022 to $4.56M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Gambia
Top DestinationIndia$52.9M

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

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

In 2022, no countries were registered that imported more from Gambia than from South Korea.

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

Comparative Advantage South Korea - Gambia

Flow
Scale

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

During 2022, South Korea had a large net trade with Gambia in the exports of Transportation ($1.11M), Plastics and Rubbers ($774k), and Machines ($729k).

During 2017, Gambia had a large net trade with South Korea in the exports of Animal Products ($2.25M), Metals ($2.15M), and Foodstuffs ($148k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Gambia+$1.22MCars
Top Product Potential Gambia South Korea+$670kNon-fillet Frozen Fish

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 Gambia. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Gambia. Similarly, a dot/product with the flag of Gambia indicates it has a comparative advantage over South Korea.

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

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