Tanzania / South Korea

Tanzania-South Korea Trade: In 2023, Tanzania exported $19.5M to South Korea. The main products that Tanzania exported to South Korea were Raw Tobacco ($15.6M), Coffee ($2.92M), and Locust beans, seaweed, sugar beet, cane, for food ($365k). Over the past 5 years the exports of Tanzania to South Korea have decreased at an annualized rate of 12.1%, from $37.1M in 2018 to $19.5M in 2023.

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

South Korea-Tanzania Trade: In 2023, South Korea exported $263M to Tanzania. The main products that South Korea exported to Tanzania were Refined Petroleum ($61.7M), Aluminium Wire ($28.3M), and Cyanides ($18.7M). Over the past 5 years the exports of South Korea to Tanzania have increased at an annualized rate of 9.23%,  from $142M in 2018 to $263M in 2023.

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

Comparison: In 2023,  Tanzania ranked 116 in the Economic Complexity Index (ECI -1.13), and 99 in total exports ($11.3B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).