Gambia (GMB) and South Korea (KOR) Trade | The Observatory of Economic Complexity

About

Gambia-South Korea Trade: In 2023, Gambia exported $563k to South Korea. The main products that Gambia exported to South Korea were Non-fillet Fresh Fish ($382k), Animal Organs ($98.5k), and Non-fillet Frozen Fish ($50.3k). Over the past 5 years the exports of Gambia to South Korea have decreased at an annualized rate of 44.2%, from $10.4M in 2018 to $563k in 2023.

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

South Korea-Gambia Trade: In 2023, South Korea exported $605k to Gambia. The main products that South Korea exported to Gambia were Cars ($445k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($34.1k), and Ethylene Polymers ($25.6k). Over the past 5 years the exports of South Korea to Gambia have decreased at an annualized rate of 41%, from $8.47M in 2018 to $605k in 2023.

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

Comparison In 2023, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index. 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, Gambia exported $563k to South Korea. The main products exported from Gambia to South Korea were Non-fillet Fresh Fish ($382k), Animal Organs ($98.5k), and Non-fillet Frozen Fish ($50.3k). During the last 5 years the exports of Gambia to South Korea have decreased at an annualized rate of 44.2%, from $10.4M in 2018 to $563k in 2023.

In 2018, South Korea exported $605k to Gambia. The main products exported from South Korea to Gambia were Cars ($445k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($34.1k), and Ethylene Polymers ($25.6k). During the last 5 years the exports of South Korea to Gambia have decreased at an annualized rate of 41%, from $8.47M in 2023 to $605k in 2018.

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

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

Latest Data

Trade between Gambia () and South Korea ()

Gambia Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationKazakhstan$2.91B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Gambia than South Korea included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Mali ($8.85M).

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

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

Comparative Advantage Gambia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gambia had a large net trade with South Korea in the exports of Animal Products ($551k) and Metals ($12k).

During 2018, South Korea had a large net trade with Gambia in the exports of Transportation ($447k), Machines ($40.1k), and Plastics and Rubbers ($39.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia South Korea+$670kNon-fillet Frozen Fish

Top Product Potential South Korea Gambia+$1.22MCars

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Gambia () and South Korea ()

Gambia Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Gambia - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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