2022
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GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP GROWTH
-47.2%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC
$7,053CURRENT US$
Rnk 90 / 186
2012-2022
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GDP PC GROWTH
-62.4%CURRENT US$
Rnk 186 / 186

About

South Korea-Equatorial Guinea In 2022, South Korea exported $4.64M to Equatorial Guinea. The main products that South Korea exported to Equatorial Guinea are Excavation Machinery ($1.35M), Electric Generating Sets ($935k), and Electrical Control Boards ($506k). During the last 27 years the exports of South Korea to Equatorial Guinea have increased at an annualized rate of 22.2%, from $20.5k in 1995 to $4.64M in 2022.

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

Equatorial Guinea-South Korea In 2022, Equatorial Guinea exported $393M to South Korea. The main products that Equatorial Guinea exported to South Korea were Crude Petroleum ($270M), Petroleum Gas ($123M), and Scrap Aluminium ($176k). During the last 27 years the exports of Equatorial Guinea to South Korea have increased at an annualized rate of 46.6%, from $12.7k in 1995 to $393M in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71),  and 5 in total exports ($705B). That same year, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $4.64M to Equatorial Guinea. The main products exported from South Korea to Equatorial Guinea were Excavation Machinery ($1.35M), Electric Generating Sets ($935k), and Electrical Control Boards ($506k). During the last 27 years the exports of South Korea to Equatorial Guinea have increased at an annualized rate of 22.2%, from $20.5k in 1995 to $4.64M in 2022.

In 2022, Equatorial Guinea exported $393M to South Korea. The main products exported from Equatorial Guinea to South Korea were Crude Petroleum ($270M), Petroleum Gas ($123M), and Scrap Aluminium ($176k). During the last 26 years the exports of Equatorial Guinea to South Korea have increased at an annualized rate of 46.6%, from $12.7k in 1996 to $393M in 2022.

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 Destination
China$150B
Equatorial Guinea
Top Destination
Zambia$1.84B

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 2021, countries that imported more from South Korea than Equatorial Guinea were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from Equatorial Guinea than South Korea were Zambia ($1.84B) and Sao Tome and Principe ($1.38M).

Difference in imports from Equatorial Guinea (Flag) and South Korea (Flag) (2022)

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 Machines ($3.53M), Metals ($401k), and Plastics and Rubbers ($353k).

During 2022, Equatorial Guinea had a large net trade with South Korea in the exports of Mineral Products ($393M), Metals ($181k), and Machines ($18.5k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Equatorial Guinea. Similarly, the more yellow a dot/product is, the more Equatorial Guinea has comparative advantage over South Korea.

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

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