Togo (TGO) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Togo-South Korea Trade: In 2023, Togo exported $703k to South Korea. The main products that Togo exported to South Korea were Scrap Aluminium ($267k), Other Oily Seeds ($210k), and Railway Cargo Containers ($97.2k). Over the past 5 years the exports of Togo to South Korea have decreased at an annualized rate of 57%, from $47.9M in 2018 to $703k in 2023.

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

South Korea-Togo Trade: In 2023, South Korea exported $40.1M to Togo. The main products that South Korea exported to Togo were Ethylene Polymers ($10.2M), Propylene Polymers ($7.87M), and Cars ($5.77M). Over the past 5 years the exports of South Korea to Togo have decreased at an annualized rate of 48.1%, from $1.07B in 2018 to $40.1M in 2023.

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

Comparison: In 2023, Togo ranked 103 in the Economic Complexity Index (ECI -0.85), and 120 in total exports ($6.6B). 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, Togo exported $703k to South Korea. The main products exported from Togo to South Korea were Scrap Aluminium ($267k), Other Oily Seeds ($210k), and Railway Cargo Containers ($97.2k). During the last 5 years the exports of Togo to South Korea have decreased at an annualized rate of 57%, from $47.9M in 2018 to $703k in 2023.

In 2018, South Korea exported $40.1M to Togo. The main products exported from South Korea to Togo were Ethylene Polymers ($10.2M), Propylene Polymers ($7.87M), and Cars ($5.77M). During the last 5 years the exports of South Korea to Togo have decreased at an annualized rate of 48.1%, from $1.07B in 2023 to $40.1M in 2018.

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

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

Latest Data

Trade between Togo () and South Korea ()

Togo Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Togo
Top DestinationUnited Arab Emirates$2.65B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Togo than South Korea included Angola ($856M), Burkina Faso ($239M), and Benin ($163M).

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

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

Comparative Advantage Togo - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Togo had a large net trade with South Korea in the exports of Metals ($321k), Vegetable Products ($210k), and Transportation ($97.2k).

During 2018, South Korea had a large net trade with Togo in the exports of Plastics and Rubbers ($19.3M), Transportation ($5.99M), and Chemical Products ($4.18M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Togo South Korea+$3.61MScrap Aluminium

Top Product Potential South Korea Togo+$3.11MCars

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Togo () and South Korea ()

Togo Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Togo - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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