Lesotho (LSO) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Lesotho-South Korea Trade: In 2023, Lesotho exported $87.4k to South Korea. The main products that Lesotho exported to South Korea were Non-Knit Men's Suits ($87.4k), Other Non-Knit Clothing Accessories ($14), and Light Rubberized Knitted Fabric ($12). Over the past 5 years the exports of Lesotho to South Korea have increased at an annualized rate of 26.1%, from $27.4k in 2018 to $87.4k in 2023.

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

South Korea-Lesotho Trade: In 2023, South Korea exported $1.9M to Lesotho. The main products that South Korea exported to Lesotho were Packaged Medicaments ($1.73M), Non-Retail Synthetic Filament Yarn ($125k), and Vaccines, blood, antisera, toxins and cultures ($23.6k). Over the past 5 years the exports of South Korea to Lesotho have increased at an annualized rate of 30%, from $233k in 2018 to $1.9M in 2023.

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

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lesotho exported $87.4k to South Korea. The main products exported from Lesotho to South Korea were Non-Knit Men's Suits ($87.4k), Other Non-Knit Clothing Accessories ($14), and Light Rubberized Knitted Fabric ($12). During the last 5 years the exports of Lesotho to South Korea have increased at an annualized rate of 26.1%, from $27.4k in 2018 to $87.4k in 2023.

In 2018, South Korea exported $1.9M to Lesotho. The main products exported from South Korea to Lesotho were Packaged Medicaments ($1.73M), Non-Retail Synthetic Filament Yarn ($125k), and Vaccines, blood, antisera, toxins and cultures ($23.6k). During the last 5 years the exports of South Korea to Lesotho have increased at an annualized rate of 30%, from $233k in 2023 to $1.9M in 2018.

Exports from Lesotho () to South Korea () (2023)

Exports from South Korea () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Lesotho than South Korea included Eswatini ($7.34M), Cameroon ($319k), and Democratic Republic of the Congo ($253k).

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

Difference in imports from South Korea () and Lesotho () (2023)

Comparative Advantage Lesotho - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lesotho had a large net trade with South Korea in the exports of Textiles ($87.4k).

During 2018, South Korea had a large net trade with Lesotho in the exports of Chemical Products ($1.75M), Textiles ($125k), and Plastics and Rubbers ($18.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho South Korea+$183kNon-Knit Men's Suits

Top Product Potential South Korea Lesotho+$153kLaboratory Reagents

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

Year

This visualization shows the product space at the HS4 level with the flags of Lesotho and South Korea. This means that a dot/product with the flag of Lesotho indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Lesotho.

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to South Korea () (2023)

Exports from South Korea () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Lesotho () (2023)

Comparative Advantage Lesotho - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and South Korea () (2023)

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