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2023
Flag → Flag
Exports $201MRnk 77 / 142
2023
Flag → Flag
Top Product $41.5MRefined Petroleum
2023
Flag → Flag
Exports $35.7MRnk 37 / 187
2023
Flag → Flag
Top Product $13.7MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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Economic Complexity (ECI) ECI -0.47Rnk 86 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$108BCURRENT US$
Rnk 67 / 195
2013-2023
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GDP GROWTH75.2%CURRENT US$
Rnk 34 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$1,952CURRENT US$
Rnk 160 / 196
2013-2023
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GDP PC GROWTH42.4%CURRENT US$
Rnk 57 / 195

About

South Korea-Kenya Trade: In 2023, South Korea exported $201M to Kenya. The main products that South Korea exported to Kenya were Refined Petroleum ($41.5M), Synthetic Filament Tow ($16.3M), and Ethylene Polymers ($14M). Over the past 5 years the exports of South Korea to Kenya have decreased at an annualized rate of 1.05%, from $212M in 2018 to $201M in 2023.

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

Kenya-South Korea Trade: In 2023, Kenya exported $35.7M to South Korea. The main products that Kenya exported to South Korea were Coffee ($13.7M), Titanium Ore ($8.32M), and Refined Petroleum ($4.85M). Over the past 5 years the exports of Kenya to South Korea have decreased at an annualized rate of 5.15%,  from $46.5M in 2018 to $35.7M in 2023.

In 2023, Kenya 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, Kenya ranked 86 in the Economic Complexity Index (ECI -0.47), and 109 in total exports ($8.59B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $18M and imported $3.26M from Kenya, resulting in a positive trade balance of $14.8M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-3.8M (-17.4%) from $21.8M to $18M, while imports increased by $1.78M (121%) from $1.48M to $3.26M.

Trade In December 2024, the top exports of South Korea to Kenya were Iron & steel ($11.5M), Plastics & articles thereof ($3.53M), Machinery, mechanical appliances, & parts ($1.77M), Man-made staple fibres ($1.44M), and Organic chemicals ($1.39M). In December 2024 the top imports of South Korea from Kenya were Coffee, tea, mate & spices ($766k), Non-knitted clothing accesories ($232k), Ores, slag and ash ($211k), Fish, Crustaceans & Molluscs ($186k), and Aluminum articles ($59k).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Kenya was explained primarily by an decrease in product exports in Pharmaceutical products ($-2.2M or -96.5%), Zinc articles ($-957k or -74.4%), and Mineral fuels, mineral oils and products... ($-291k or -54.8%). In December 2024, the increase in South Korea's year-by-year imports  from Kenya was explained primarily by an increase in product imports  in Electrical machinery and electronics ($19k or 1.9k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-3.8M(-17.4%)
IMPORT GROWTH (December 2023 - December 2024)$1.78M(121%)

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

For full datasets download visit Bulk Download page.

Explore Kenya and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $201M to Kenya. The main products exported from South Korea to Kenya were Refined Petroleum ($41.5M), Synthetic Filament Tow ($16.3M), and Ethylene Polymers ($14M). During the last 5 years the exports of South Korea to Kenya have decreased at an annualized rate of 1.05%, from $212M in 2018 to $201M in 2023.

In 2018, Kenya exported $35.7M to South Korea. The main products exported from Kenya to South Korea were Coffee ($13.7M), Titanium Ore ($8.32M), and Refined Petroleum ($4.85M). During the last 5 years the exports of Kenya to South Korea have decreased at an annualized rate of 5.15%, from $46.5M in 2023 to $35.7M in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Kenya
Top DestinationUganda$893M

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

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

In 2023, countries that imported more from Kenya than South Korea included Uganda ($893M), Rwanda ($302M), and South Sudan ($227M).

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

Comparative Advantage South Korea - Kenya

Flow
Scale

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

During 2023, South Korea had a large net trade with Kenya in the exports of Mineral Products ($45.7M), Plastics and Rubbers ($38.6M), and Metals ($35.4M).

During 2018, Kenya had a large net trade with South Korea in the exports of Vegetable Products ($14.8M), Mineral Products ($13.4M), and Metals ($3.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Kenya+$97.7MRefined Petroleum
Top Product Potential Kenya South Korea+$6.4MCoffee

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

Product Space of South Korea (Flag) and Kenya (Flag) (2023)

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