2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$2.55BCURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP GROWTH
3.06%CURRENT US$
Rnk 158 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC
$1,107CURRENT US$
Rnk 164 / 186
2012-2022
Flag
GDP PC GROWTH
-8.17%CURRENT US$
Rnk 160 / 186

About

South Korea-Lesotho Trade: In 2022, South Korea exported $860k to Lesotho. The main products that South Korea exported to Lesotho were Non-Retail Synthetic Filament Yarn ($246k), Light Rubberized Knitted Fabric ($177k), and Laboratory Reagents ($157k). Over the past 5 years the exports of South Korea to Lesotho have increased at an annualized rate of 17%, from $392k in 2017 to $860k in 2022.

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

Lesotho-South Korea Trade: In 2022, Lesotho exported $92k to South Korea. The main products that Lesotho exported to South Korea were Non-Knit Men's Suits ($88k), Non-Knit Men's Shirts ($1.88k), and Low-voltage Protection Equipment ($1.84k). Over the past 5 years the exports of Lesotho to South Korea have increased at an annualized rate of 48.1%,  from $12.9k in 2017 to $92k in 2022.

In 2022, Lesotho 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, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Lesotho
Top Destination
South Africa$434M

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

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

In 2022, countries that imported more from Lesotho than South Korea included Eswatini ($11.3M).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Lesotho+$153kLaboratory Reagents
Top Product Potential Lesotho South Korea+$183kNon-Knit Men's Suits

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

Product Space of South Korea (Flag) and Lesotho (Flag) (NaN)

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