2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$20.7BCURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP GROWTH
20.8%CURRENT US$
Rnk 121 / 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
$1,267CURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP PC GROWTH
-1.8%CURRENT US$
Rnk 147 / 186

About

South Korea-Zimbabwe Trade: In 2022, South Korea exported $21.3M to Zimbabwe. The main products that South Korea exported to Zimbabwe were Cyanides ($6.16M), Ethylene Polymers ($1.6M), and Laboratory Reagents ($1.42M). Over the past 5 years the exports of South Korea to Zimbabwe have decreased at an annualized rate of 3.36%, from $25.3M in 2017 to $21.3M in 2022.

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

Zimbabwe-South Korea Trade: In 2022, Zimbabwe exported $3.18M to South Korea. The main products that Zimbabwe exported to South Korea were Raw Tobacco ($2.78M), Sculptures ($195k), and Other live plants, cuttings and slips; mushroom spawn ($40.7k). Over the past 5 years the exports of Zimbabwe to South Korea have decreased at an annualized rate of 27.1%,  from $15.4M in 2017 to $3.18M in 2022.

In 2022, Zimbabwe 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, Zimbabwe ranked 99 in the Economic Complexity Index (ECI -0.74), and 109 in total exports ($8.41B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $21.3M to Zimbabwe. The main products exported from South Korea to Zimbabwe were Cyanides ($6.16M), Ethylene Polymers ($1.6M), and Laboratory Reagents ($1.42M). During the last 5 years the exports of South Korea to Zimbabwe have decreased at an annualized rate of 3.36%, from $25.3M in 2017 to $21.3M in 2022.

In 2017, Zimbabwe exported $3.18M to South Korea. The main products exported from Zimbabwe to South Korea were Raw Tobacco ($2.78M), Sculptures ($195k), and Other live plants, cuttings and slips; mushroom spawn ($40.7k). During the last 5 years the exports of Zimbabwe to South Korea have decreased at an annualized rate of 27.1%, from $15.4M in 2022 to $3.18M in 2017.

Exports from South Korea (Flag) to Zimbabwe (Flag) (2022)

Exports from Zimbabwe (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Zimbabwe
Top Destination
United Arab Emirates$4.78B

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

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

In 2022, countries that imported more from Zimbabwe than South Korea included United Arab Emirates ($4.78B), South Africa ($1.47B), and Zambia ($102M).

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

Comparative Advantage South Korea - Zimbabwe

Flow
Scale

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

During 2022, South Korea had a large net trade with Zimbabwe in the exports of Chemical Products ($10.5M), Plastics and Rubbers ($4.98M), and Machines ($2.08M).

During 2017, Zimbabwe had a large net trade with South Korea in the exports of Foodstuffs ($2.78M), Arts and Antiques ($204k), and Vegetable Products ($85.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Zimbabwe+$2.1MCars
Top Product Potential Zimbabwe South Korea+$3.8MRaw Tobacco

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

Product Space of South Korea (Flag) and Zimbabwe (Flag) (2022)

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