Ethiopia (ETH) and South Korea (KOR) Trade | The Observatory of Economic Complexity

About

Ethiopia-South Korea Trade: In 2023, Ethiopia exported $116M to South Korea. The main products that Ethiopia exported to South Korea were Coffee ($112M), Cut Flowers ($1.69M), and Non-Knit Women's Suits ($828k). Over the past 5 years the exports of Ethiopia to South Korea have increased at an annualized rate of 16.7%, from $53.7M in 2018 to $116M in 2023.

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

South Korea-Ethiopia Trade: In 2023, South Korea exported $178M to Ethiopia. The main products that South Korea exported to Ethiopia were Vaccines, blood, antisera, toxins and cultures ($20.7M), Large Construction Vehicles ($15.2M), and Cars ($13.6M). Over the past 5 years the exports of South Korea to Ethiopia have decreased at an annualized rate of 2.81%, from $205M in 2018 to $178M in 2023.

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

Comparison: In 2023, Ethiopia ranked 101 in the Economic Complexity Index (ECI -0.84), and 137 in total exports ($3.97B). 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, Ethiopia exported $116M to South Korea. The main products exported from Ethiopia to South Korea were Coffee ($112M), Cut Flowers ($1.69M), and Non-Knit Women's Suits ($828k). During the last 5 years the exports of Ethiopia to South Korea have increased at an annualized rate of 16.7%, from $53.7M in 2018 to $116M in 2023.

In 2018, South Korea exported $178M to Ethiopia. The main products exported from South Korea to Ethiopia were Vaccines, blood, antisera, toxins and cultures ($20.7M), Large Construction Vehicles ($15.2M), and Cars ($13.6M). During the last 5 years the exports of South Korea to Ethiopia have decreased at an annualized rate of 2.81%, from $205M in 2023 to $178M in 2018.

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

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

Latest Data

Trade between Ethiopia () and South Korea ()

Ethiopia Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ethiopia
Top DestinationUnited States$487M

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Ethiopia than South Korea included Somalia ($142M), Djibouti ($155M), and Sudan ($52.8M).

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

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

Comparative Advantage Ethiopia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ethiopia had a large net trade with South Korea in the exports of Vegetable Products ($114M), Textiles ($2.1M), and Animal Products ($313k).

During 2018, South Korea had a large net trade with Ethiopia in the exports of Chemical Products ($47.7M), Machines ($44.5M), and Plastics and Rubbers ($42.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ethiopia South Korea+$12.6MCoffee

Top Product Potential South Korea Ethiopia+$17.2MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Ethiopia and South Korea. This means that a dot/product with the flag of Ethiopia 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 Ethiopia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Ethiopia () and South Korea ()

Ethiopia Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Ethiopia - South Korea

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring