Niger (NER) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Niger-South Korea Trade: In 2022, Niger exported $10M to South Korea. The main products that Niger exported to South Korea were N/A. Over the past 5 years the exports of Niger to South Korea have decreased at an annualized rate of 31.1%, from $64.5M in 2017 to $10M in 2022.

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

South Korea-Niger Trade: In 2022, South Korea exported $13M to Niger. The main products that South Korea exported to Niger were Explosive Ammunition ($6.36M), Vaccines, blood, antisera, toxins and cultures ($3.06M), and Cars ($1.25M). Over the past 5 years the exports of South Korea to Niger have increased at an annualized rate of 7.23%, from $9.2M in 2017 to $13M in 2022.

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

Comparison: In 2023, Niger ranked 93 in the Economic Complexity Index (ECI -0.63), and 148 in total exports ($1.72B). 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 2022, Niger exported $10M to South Korea. There were not main exports from Niger to South Korea in 2022. During the last 5 years the exports of Niger to South Korea have decreased at an annualized rate of 31.1%, from $64.5M in 2017 to $10M in 2022.

In 2018, South Korea exported $13M to Niger. The main products exported from South Korea to Niger were Explosive Ammunition ($6.36M), Vaccines, blood, antisera, toxins and cultures ($3.06M), and Cars ($1.25M). During the last 5 years the exports of South Korea to Niger have increased at an annualized rate of 7.23%, from $9.2M in 2023 to $13M in 2018.

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

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

Latest Data

Trade between Niger () and South Korea ()

Niger Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Niger
Top DestinationUnited Arab Emirates$533M

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Niger than South Korea included Mali ($50.8M), Chad ($16.4M), and Algeria ($556k).

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

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

Comparative Advantage Niger - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Niger had a large net trade with South Korea in the exports of .

During 2018, South Korea had a large net trade with Niger in the exports of Weapons ($6.36M), Chemical Products ($3.68M), and Transportation ($1.29M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Niger South Korea+$1.64MOther Oily Seeds

Top Product Potential South Korea Niger+$2.74MRefined Petroleum

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 Niger and South Korea. This means that a dot/product with the flag of Niger 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 Niger.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Niger () and South Korea ()

Niger Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Niger - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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