2022
Flag  
GDP
$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH
56.2%CURRENT US$
Rnk 48 / 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 
$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 95 / 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

Benin-South Korea In 2022, Benin exported $27.7k to South Korea. The main products that Benin exported to South Korea are Raw Sugar ($12.3k), Refined Petroleum ($8.24k), and Engine Parts ($6.47k). During the last 27 years the exports of Benin to South Korea have decreased at an annualized rate of 6.36%, from $164k in 1995 to $27.7k in 2022.

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

South Korea-Benin In 2022, South Korea exported $35.8M to Benin. The main products that South Korea exported to Benin were Refined Petroleum ($15.7M), Used Clothing ($8.22M), and Non-fillet Frozen Fish ($2.6M). During the last 27 years the exports of South Korea to Benin have increased at an annualized rate of 0.14%, from $34.5M in 1995 to $35.8M in 2022.

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

Comparison In 2022,  Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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, Benin exported $27.7k to South Korea. The main products exported from Benin to South Korea were Raw Sugar ($12.3k), Refined Petroleum ($8.24k), and Engine Parts ($6.47k). During the last 27 years the exports of Benin to South Korea have decreased at an annualized rate of 6.36%, from $164k in 1995 to $27.7k in 2022.

In 2022, South Korea exported $35.8M to Benin. The main products exported from South Korea to Benin were Refined Petroleum ($15.7M), Used Clothing ($8.22M), and Non-fillet Frozen Fish ($2.6M). During the last 27 years the exports of South Korea to Benin have increased at an annualized rate of 0.14%, from $34.5M in 1995 to $35.8M in 2022.

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

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

Latest Data

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

Benin Exports

South Korea Exports

Market Competitiveness

Color
Benin
Top Destination
India$448M
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Benin than South Korea were Chad ($28M) and Norfolk Island ($40.1k).

In 2021, countries that imported more from South Korea than Benin were China ($150B), United States ($112B), and Vietnam ($60.7B).

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

Comparative Advantage Benin - South Korea

Flow
Scale

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

During 2022, Benin had a large net trade with South Korea in the exports of Foodstuffs ($12.3k), Mineral Products ($8.24k), and Machines ($6.47k).

During 2022, South Korea had a large net trade with Benin in the exports of Mineral Products ($15.7M), Textiles ($8.26M), and Plastics and Rubbers ($4.74M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Benin has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Benin.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with