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2023
Flag → Flag
Exports $605kRnk 141 / 142
2023
Flag → Flag
Top Product $445kCars
2023
Flag → Flag
Exports $563kRnk 22 / 113
2023
Flag → Flag
Top Product $382kNon-fillet Fresh Fish
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$2.4BCURRENT US$
Rnk 173 / 195
2013-2023
Flag
GDP GROWTH74.2%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$888CURRENT US$
Rnk 181 / 196
2013-2023
Flag
GDP PC GROWTH35.8%CURRENT US$
Rnk 68 / 195

About

South Korea-Gambia Trade: In 2023, South Korea exported $605k to Gambia. The main products that South Korea exported to Gambia were Cars ($445k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($34.1k), and Ethylene Polymers ($25.6k). Over the past 5 years the exports of South Korea to Gambia have decreased at an annualized rate of 41%, from $8.47M in 2018 to $605k in 2023.

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

Gambia-South Korea Trade: In 2023, Gambia exported $563k to South Korea. The main products that Gambia exported to South Korea were Non-fillet Fresh Fish ($382k), Animal Organs ($98.5k), and Non-fillet Frozen Fish ($50.3k). Over the past 5 years the exports of Gambia to South Korea have decreased at an annualized rate of 44.2%,  from $10.4M in 2018 to $563k in 2023.

In 2023, Gambia 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, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $215k and imported $456k from Gambia, resulting in a negative trade balance of $241k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-258k (-54.5%) from $473k to $215k, while imports decreased by $-113k (-19.9%) from $569k to $456k.

Trade In December 2024, the top exports of South Korea to Gambia were Cars, tractors, trucks & parts thereof. ($158k), Wadding, felt, nonwovens, twin, ropes, &... ($133k), Pharmaceutical products ($121k), Plastics & articles thereof ($26k), and Electrical machinery and electronics ($11k). In December 2024 the top imports of South Korea from Gambia were Fish, Crustaceans & Molluscs ($644k), Aluminum articles ($35k), Pharmaceutical products ($0), Chemical products n.e.s. ($0), and Plastics & articles thereof ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Gambia was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-76k or -87.4%), Machinery, mechanical appliances, & parts ($-46k or -100%), and Chemical products n.e.s. ($-12k or -60%). In December 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 (December 2023 - December 2024)$-258k(-54.5%)
IMPORT GROWTH (December 2023 - December 2024)$-113k(-19.9%)

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 2023, South Korea exported $605k to Gambia. The main products exported from South Korea to Gambia were Cars ($445k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($34.1k), and Ethylene Polymers ($25.6k). During the last 5 years the exports of South Korea to Gambia have decreased at an annualized rate of 41%, from $8.47M in 2018 to $605k in 2023.

In 2018, Gambia exported $563k to South Korea. The main products exported from Gambia to South Korea were Non-fillet Fresh Fish ($382k), Animal Organs ($98.5k), and Non-fillet Frozen Fish ($50.3k). During the last 5 years the exports of Gambia to South Korea have decreased at an annualized rate of 44.2%, from $10.4M in 2023 to $563k in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Gambia
Top DestinationKazakhstan$2.91B

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

In 2023, countries that imported more from Gambia than South Korea included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Mali ($8.85M).

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

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 2023, South Korea had a large net trade with Gambia in the exports of Transportation ($447k), Machines ($40.1k), and Plastics and Rubbers ($39.9k).

During 2018, Gambia had a large net trade with South Korea in the exports of Animal Products ($551k) and Metals ($12k).

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) (2023)

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