Flag South Korea / Sierra Leone Flag

Exports FlagFlag  (2018): $8.02M, Rnk 173 / 210

Top Product FlagFlag (2018): $1.53M, Large Construction Vehicles

Exports FlagFlag (2018): $16.7M, Rnk 10 / 91

Top Product FlagFlag (2018): $13.1M, Non-fillet Frozen Fish

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 196

GDP Flag (2018): $4.09B, CURRENT US$
Rnk 159 / 196

GDP GROWTH Flag (2008-2018): 63%, CURRENT US$
Rnk 66 / 196

GDP PC Flag (2018): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

GDP PC Flag (2018): $534, CURRENT US$
Rnk 188 / 196

GDP PC GROWTH Flag (2008-2018): 30.7%, CURRENT US$
Rnk 78 / 196

South Korea-Sierra Leone: In 2018, South Korea exported $8.02M to Sierra Leone. The main products exported from South Korea to Sierra Leone were Large Construction Vehicles ($1.53M), Ethylene Polymers ($1.39M), and Cement ($1.19M). During the last 23 years the exports of South Korea to Sierra Leone have increased at an annualized rate of 7.27%, from $1.6M in 1995 to $8.02M in 2018.

Sierra Leone-South Korea: In 2018, Sierra Leone exported $16.7M to South Korea. The main products exported from Sierra Leone to South Korea were Non-fillet Frozen Fish ($13.1M), Scrap Copper ($1.56M), and Titanium Ore ($1.34M). During the last 23 years the exports of Sierra Leone to South Korea have increased at an annualized rate of 26%, from $82.6k in 1995 to $16.7M in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). That same year, Sierra Leone ranked 158 in total exports ($677M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, South Korea was ranked 34 with a GDP Per Capita of $31,363, and Sierra Leone was ranked 188 with a GDP Per Capita of $534.

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $8.02M to Sierra Leone. The main products exported from South Korea to Sierra Leone were Large Construction Vehicles ($1.53M), Ethylene Polymers ($1.39M), and Cement ($1.19M). During the last 23 years the exports of South Korea to Sierra Leone have increased at an annualized rate of 7.27%, from $1.6M in 1995 to $8.02M in 2018.

In 2018, Sierra Leone exported $16.7M to South Korea. The main products exported from Sierra Leone to South Korea were Non-fillet Frozen Fish ($13.1M), Scrap Copper ($1.56M), and Titanium Ore ($1.34M). During the last 23 years the exports of Sierra Leone to South Korea have increased at an annualized rate of 26%, from $82.6k in 1995 to $16.7M in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Sierra Leone
Top Destination
: China, $169M

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

In 2018, countries that imported more from South Korea than Sierra Leone were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

In 2018, no countries were registered that imported more from Sierra Leone than from South Korea.

Comparative Advantage South Korea - Sierra Leone

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Depth

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

During 2018, South Korea had a large net trade with Sierra Leone in the exports of Machines ($2.25M), Plastics and Rubbers ($2.03M), and Mineral Products ($1.37M).

During 2018, Sierra Leone had a large net trade with South Korea in the exports of Animal Products ($13.1M), Metals ($2.12M), and Mineral Products ($1.34M).

Trade Forecasts

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This section shows a forecast for total trade between South Korea and Sierra Leone. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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