Botswana (BWA) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Botswana-South Korea Trade: In 2022, Botswana exported $329k to South Korea. The main products that Botswana exported to South Korea were Diamonds ($314k), Milling Stones ($11.8k), and Insulated Wire ($1.78k). Over the past 5 years the exports of Botswana to South Korea have decreased at an annualized rate of 25.8%, from $1.46M in 2017 to $329k in 2022.

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

South Korea-Botswana Trade: In 2022, South Korea exported $8.13M to Botswana. The main products that South Korea exported to Botswana were Medical Instruments ($1.73M), Cars ($1.11M), and Liquid Fuel Furnaces ($952k). Over the past 5 years the exports of South Korea to Botswana have decreased at an annualized rate of 13.5%, from $16.8M in 2017 to $8.13M in 2022.

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

Comparison: In 2022, Botswana ranked 91 in the Economic Complexity Index (ECI -0.59), and 107 in total exports ($8.65B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Botswana exported $329k to South Korea. The main products exported from Botswana to South Korea were Diamonds ($314k), Milling Stones ($11.8k), and Insulated Wire ($1.78k). During the last 5 years the exports of Botswana to South Korea have decreased at an annualized rate of 25.8%, from $1.46M in 2017 to $329k in 2022.

In 2017, South Korea exported $8.13M to Botswana. The main products exported from South Korea to Botswana were Medical Instruments ($1.73M), Cars ($1.11M), and Liquid Fuel Furnaces ($952k). During the last 5 years the exports of South Korea to Botswana have decreased at an annualized rate of 13.5%, from $16.8M in 2022 to $8.13M in 2017.

Exports from Botswana () to South Korea () (2022)

Exports from South Korea () to Botswana () (2022)

Latest Data

Trade between Botswana () and South Korea ()

Botswana Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Botswana
Top DestinationUnited Arab Emirates$2.31B

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Botswana than South Korea included Namibia ($111M), Zambia ($70.6M), and Anguilla ($50M).

In 2022, countries that imported more from South Korea than Botswana included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Botswana () (2022)

Comparative Advantage Botswana - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Botswana had a large net trade with South Korea in the exports of Precious Metals ($314k), Stone And Glass ($11.8k), and Machines ($2.14k).

During 2017, South Korea had a large net trade with Botswana in the exports of Machines ($3.02M), Instruments ($1.81M), and Transportation ($1.79M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Botswana South Korea+$903kDiamonds

Top Product Potential South Korea Botswana+$2.51MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Botswana () to South Korea () (2022)

Exports from South Korea () to Botswana () (2022)

Latest Data

Trade between Botswana () and South Korea ()

Botswana Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Botswana () (2022)

Comparative Advantage Botswana - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Botswana () and South Korea () (2022)

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