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2022
Flag → Flag
Exports $4.43MRnk 74 / 0
2022
Flag → Flag
Exports $458MRnk 75 / 0
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$12.3BCURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP GROWTH-43.8%CURRENT US$
Rnk 195 / 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$6,678CURRENT US$
Rnk 108 / 196
2013-2023
Flag
GDP PC GROWTH-59%CURRENT US$
Rnk 195 / 195

About

South Korea-Equatorial Guinea Trade: In 2022, South Korea exported $4.43M to Equatorial Guinea. The main products that South Korea exported to Equatorial Guinea were N/A. Over the past 5 years the exports of South Korea to Equatorial Guinea have increased at an annualized rate of 59.3%, from $433k in 2017 to $4.43M in 2022.

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

Equatorial Guinea-South Korea Trade: In 2022, Equatorial Guinea exported $458M to South Korea. The main products that Equatorial Guinea exported to South Korea were N/A. Over the past 5 years the exports of Equatorial Guinea to South Korea have decreased at an annualized rate of 1.96%,  from $506M in 2017 to $458M in 2022.

In 2022, Equatorial Guinea 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, Equatorial Guinea ranked 127 in total exports ($5.13B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $1.66M and imported $0 from Equatorial Guinea, resulting in a positive trade balance of $1.66M. Between December 2023 and December 2024 the exports of South Korea have increased by $1.45M (709%) from $205k to $1.66M, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In December 2024, the top exports of South Korea to Equatorial Guinea were Iron/Steel Articles ($175k), Tobacco & substitutes ($94k), Machinery, mechanical appliances, & parts ($7k), Mineral fuels, mineral oils and products... ($0), and Electrical machinery and electronics ($0). In December 2024 the top imports of South Korea from Equatorial Guinea were Mineral fuels, mineral oils and products... ($77.9M), Tobacco & substitutes ($0), Iron/Steel Articles ($0), Machinery, mechanical appliances, & parts ($0), and Electrical machinery and electronics ($0).

Growth In December 2024, the increase in South Korea's year-by-year exports to Equatorial Guinea was explained primarily by an increase in product exports in . In December 2024, the change in South Korea's year-by-year imports  from Equatorial Guinea was explained primarily by an decrease in product imports  in Machinery, mechanical appliances, & parts ($-151k or -100%) and Iron/Steel Articles ($-39k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$1.45M(709%)
IMPORT GROWTH (December 2023 - December 2024)$0(N/A%)

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 Equatorial Guinea and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Equatorial Guinea and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $4.43M to Equatorial Guinea. There were not main exports from South Korea to Equatorial Guinea in 2022. During the last 5 years the exports of South Korea to Equatorial Guinea have increased at an annualized rate of 59.3%, from $433k in 2017 to $4.43M in 2022.

In 2017, Equatorial Guinea exported $458M to South Korea. There were not main exports from Equatorial Guinea to South Korea in 2017. During the last 5 years the exports of Equatorial Guinea to South Korea have decreased at an annualized rate of 1.96%, from $506M in 2022 to $458M in 2017.

Exports from South Korea (Flag) to Equatorial Guinea (Flag) (2022)

Exports from Equatorial Guinea (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Equatorial Guinea
Top DestinationChina$1.37B

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

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

In 2023, countries that imported more from Equatorial Guinea than South Korea included Sao Tome and Principe ($1.6M).

Difference in imports from Equatorial Guinea (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Equatorial Guinea

Flow
Scale

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

During 2022, South Korea had a large net trade with Equatorial Guinea in the exports of .

During 2017, Equatorial Guinea had a large net trade with South Korea in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Equatorial Guinea+$370kExcavation Machinery
Top Product Potential Equatorial Guinea South Korea+$157MPetroleum Gas

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

Product Space of South Korea (Flag) and Equatorial Guinea (Flag) (2022)

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