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

About

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.

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.

Comparison In 2022,  Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lesotho exported $92k to South Korea. The main products exported from Lesotho to South Korea were Non-Knit Men's Suits ($88k), Non-Knit Men's Shirts ($1.88k), and Low-voltage Protection Equipment ($1.84k). During the last 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 2017, South Korea exported $860k to Lesotho. The main products exported from South Korea to Lesotho were Non-Retail Synthetic Filament Yarn ($246k), Light Rubberized Knitted Fabric ($177k), and Laboratory Reagents ($157k). During the last 5 years the exports of South Korea to Lesotho have increased at an annualized rate of 17%, from $392k in 2022 to $860k in 2017.

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

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

Latest Data

Trade between Lesotho (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

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

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

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

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

Comparative Advantage Lesotho - South Korea

Flow
Scale

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

During 2022, Lesotho had a large net trade with South Korea in the exports of Textiles ($90k) and Machines ($1.98k).

During 2017, South Korea had a large net trade with Lesotho in the exports of Textiles ($423k), Chemical Products ($247k), and Plastics and Rubbers ($183k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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