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2023
Flag → Flag
Exports $4.75MRnk 131 / 142
2023
Flag → Flag
Top Product $918kCars
2023
Flag → Flag
Exports $6.48kRnk 80 / 130
2023
Flag → Flag
Top Product $4.33kLCDs
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.41Rnk 80 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$19.4BCURRENT US$
Rnk 125 / 195
2013-2023
Flag
GDP GROWTH35.9%CURRENT US$
Rnk 102 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$7,820CURRENT US$
Rnk 99 / 196
2013-2023
Flag
GDP PC GROWTH17.3%CURRENT US$
Rnk 110 / 195

About

South Korea-Botswana Trade: In 2023, South Korea exported $4.75M to Botswana. The main products that South Korea exported to Botswana were Cars ($918k), Oscilloscopes ($494k), and Air Pumps ($360k). Over the past 5 years the exports of South Korea to Botswana have decreased at an annualized rate of 17.1%, from $12.1M in 2018 to $4.75M in 2023.

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

Botswana-South Korea Trade: In 2023, Botswana exported $6.48k to South Korea. The main products that Botswana exported to South Korea were LCDs ($4.33k), Liquid Pumps ($1.45k), and Revolution Counters ($290). Over the past 5 years the exports of Botswana to South Korea have decreased at an annualized rate of 37.1%,  from $1.06M in 2018 to $6.48k in 2023.

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

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Botswana ranked 80 in the Economic Complexity Index (ECI -0.41), and 122 in total exports ($6.59B).

Latest Trends

January, 2025

About

Overview In January 2025, South Korea exported $502k and imported $52k from Botswana, resulting in a positive trade balance of $450k. Between January 2024 and January 2025 the exports of South Korea have increased by $413k (464%) from $89k to $502k, while imports increased by $40k (333%) from $12k to $52k.

Trade In January 2025, the top exports of South Korea to Botswana were Cars, tractors, trucks & parts thereof. ($31k), Tools & cutlery ($19k), Machinery, mechanical appliances, & parts ($15k), Rubber & articles thereof ($7k), and Knitted fabrics ($7k). In January 2025 the top imports of South Korea from Botswana were Precious stones, metals, & pearls ($12k), Pharmaceutical products ($0), Perfumery & cosmetics ($0), Plastics & articles thereof ($0), and Rubber & articles thereof ($0).

Growth In January 2025, the increase in South Korea's year-by-year exports to Botswana was explained primarily by an increase in product exports in . In January 2025, the increase in South Korea's year-by-year imports  from Botswana was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$413k(464%)
IMPORT GROWTH (January 2024 - January 2025)$40k(333%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Botswana and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Botswana and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $4.75M to Botswana. The main products exported from South Korea to Botswana were Cars ($918k), Oscilloscopes ($494k), and Air Pumps ($360k). During the last 5 years the exports of South Korea to Botswana have decreased at an annualized rate of 17.1%, from $12.1M in 2018 to $4.75M in 2023.

In 2018, Botswana exported $6.48k to South Korea. The main products exported from Botswana to South Korea were LCDs ($4.33k), Liquid Pumps ($1.45k), and Revolution Counters ($290). During the last 5 years the exports of Botswana to South Korea have decreased at an annualized rate of 37.1%, from $1.06M in 2023 to $6.48k in 2018.

Exports from South Korea (Flag) to Botswana (Flag) (2023)

Exports from Botswana (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Botswana
Top DestinationUnited Arab Emirates$1.81B

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

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

In 2023, countries that imported more from Botswana than South Korea included Zimbabwe ($63.5M), Anguilla ($33.6M), and Vietnam ($17.4M).

Difference in imports from Botswana (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Botswana

Flow
Scale

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

During 2023, South Korea had a large net trade with Botswana in the exports of Machines ($2.25M), Transportation ($1.02M), and Instruments ($757k).

During 2018, Botswana had a large net trade with South Korea in the exports of Instruments ($4.65k), Machines ($1.77k), and Chemical Products ($49).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Botswana+$2.51MCars
Top Product Potential Botswana South Korea+$903kDiamonds

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

This visualization shows the product space at the HS4 level with the flags of South Korea and Botswana. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Botswana. Similarly, a dot/product with the flag of Botswana indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Botswana (Flag) (2023)

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