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2023
Flag → Flag
Exports $68.2MRnk 97 / 142
2023
Flag → Flag
Top Product $12.4MRefined Petroleum
2023
Flag → Flag
Exports $7.18MRnk 53 / 158
2023
Flag → Flag
Top Product $4.21MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.62Rnk 91 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$48.8BCURRENT US$
Rnk 92 / 195
2013-2023
Flag
GDP GROWTH68.7%CURRENT US$
Rnk 41 / 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$1,002CURRENT US$
Rnk 177 / 196
2013-2023
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GDP PC GROWTH22.5%CURRENT US$
Rnk 97 / 195

About

South Korea-Uganda Trade: In 2023, South Korea exported $68.2M to Uganda. The main products that South Korea exported to Uganda were Refined Petroleum ($12.4M), Other Nitrogen Compounds ($8.67M), and Polyacetals ($4.8M). Over the past 5 years the exports of South Korea to Uganda have increased at an annualized rate of 3.28%, from $58M in 2018 to $68.2M in 2023.

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

Uganda-South Korea Trade: In 2023, Uganda exported $7.18M to South Korea. The main products that Uganda exported to South Korea were Raw Tobacco ($4.21M), Coffee ($2.59M), and Other Oily Seeds ($247k). Over the past 5 years the exports of Uganda to South Korea have increased at an annualized rate of 0.78%,  from $6.24M in 2018 to $7.18M in 2023.

In 2023, Uganda 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, Uganda ranked 91 in the Economic Complexity Index (ECI -0.62), and 116 in total exports ($7.12B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $876k and imported $87k from Uganda, resulting in a positive trade balance of $789k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-1.22M (-58.2%) from $2.09M to $876k, while imports decreased by $-390k (-81.8%) from $477k to $87k.

Trade In December 2024, the top exports of South Korea to Uganda were Pharmaceutical products ($634k), Electrical machinery and electronics ($610k), Plastics & articles thereof ($290k), Machinery, mechanical appliances, & parts ($111k), and Cars, tractors, trucks & parts thereof. ($36k). In December 2024 the top imports of South Korea from Uganda were Tobacco & substitutes ($874k), Coffee, tea, mate & spices ($433k), Live trees, plants, bulbs, cut flowers,... ($16k), Miscellaneous edible preparations ($0), and Mineral fuels, mineral oils and products... ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Uganda was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-21k or -15.9%), Optical, photo, & film equipment; medical... ($-8k or -50%), and Toys, games, & sports ($-8k or -88.9%). In December 2024, the decrease in South Korea's year-by-year imports  from Uganda was explained primarily by an decrease in product imports  in Coffee, tea, mate & spices ($-1.76M or -80.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-1.22M(-58.2%)
IMPORT GROWTH (December 2023 - December 2024)$-390k(-81.8%)

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

For full datasets download visit Bulk Download page.

Explore Uganda and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $68.2M to Uganda. The main products exported from South Korea to Uganda were Refined Petroleum ($12.4M), Other Nitrogen Compounds ($8.67M), and Polyacetals ($4.8M). During the last 5 years the exports of South Korea to Uganda have increased at an annualized rate of 3.28%, from $58M in 2018 to $68.2M in 2023.

In 2018, Uganda exported $7.18M to South Korea. The main products exported from Uganda to South Korea were Raw Tobacco ($4.21M), Coffee ($2.59M), and Other Oily Seeds ($247k). During the last 5 years the exports of Uganda to South Korea have increased at an annualized rate of 0.78%, from $6.24M in 2023 to $7.18M in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Uganda
Top DestinationIndia$1.5B

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

In 2023, countries that imported more from South Korea than Uganda included China ($162B), United States ($118B), and Japan ($28.4B).

In 2023, countries that imported more from Uganda than South Korea included South Sudan ($536M), Democratic Republic of the Congo ($411M), and Rwanda ($280M).

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

Comparative Advantage South Korea - Uganda

Flow
Scale

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

During 2023, South Korea had a large net trade with Uganda in the exports of Chemical Products ($17.8M), Mineral Products ($13.7M), and Plastics and Rubbers ($13.2M).

During 2018, Uganda had a large net trade with South Korea in the exports of Foodstuffs ($4.21M), Vegetable Products ($2.92M), and Chemical Products ($30.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Uganda+$4.8MVaccines, blood, antisera, toxins and cultures
Top Product Potential Uganda South Korea+$9.06MCoffee

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

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

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