Sierra Leone (SLE) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Sierra Leone-South Korea Trade: In 2022, Sierra Leone exported $14.2M to South Korea. The main products that Sierra Leone exported to South Korea were N/A. Over the past 5 years the exports of Sierra Leone to South Korea have decreased at an annualized rate of 1.42%, from $15.2M in 2017 to $14.2M in 2022.

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

South Korea-Sierra Leone Trade: In 2022, South Korea exported $9.07M to Sierra Leone. The main products that South Korea exported to Sierra Leone were N/A. Over the past 5 years the exports of South Korea to Sierra Leone have increased at an annualized rate of 0.78%, from $8.73M in 2017 to $9.07M in 2022.

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

Comparison In 2023, Sierra Leone ranked 152 in total exports ($1.52B), 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 2022, Sierra Leone exported $14.2M to South Korea. There were not main exports from Sierra Leone to South Korea in 2022. During the last 5 years the exports of Sierra Leone to South Korea have decreased at an annualized rate of 1.42%, from $15.2M in 2017 to $14.2M in 2022.

In 2017, South Korea exported $9.07M to Sierra Leone. There were not main exports from South Korea to Sierra Leone in 2017. During the last 5 years the exports of South Korea to Sierra Leone have increased at an annualized rate of 0.78%, from $8.73M in 2022 to $9.07M in 2017.

Exports from Sierra Leone () to South Korea () (2022)

Exports from South Korea () to Sierra Leone () (2022)

Latest Data

Trade between Sierra Leone () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sierra Leone
Top DestinationChina$1.03B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Sierra Leone than South Korea included Liberia ($683k).

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

Difference in imports from South Korea () and Sierra Leone () (2023)

Comparative Advantage Sierra Leone - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2017, South Korea had a large net trade with Sierra Leone in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sierra Leone South Korea+$793kTitanium Ore

Top Product Potential South Korea Sierra Leone+$964kVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Sierra Leone () to South Korea () (2022)

Exports from South Korea () to Sierra Leone () (2022)

Latest Data

Trade between Sierra Leone () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Sierra Leone () (2023)

Comparative Advantage Sierra Leone - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sierra Leone () and South Korea () (2022)

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