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Pricing

2022
Flag → Flag
Exports $8.13MRnk 176 / 220
2022
Flag → Flag
Top Product $1.73MMedical Instruments
2022
Flag → Flag
Exports $329kRnk 44 / 129
2022
Flag → Flag
Top Product $314kDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.59Rnk 91 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$20.4BCURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP GROWTH46.3%CURRENT US$
Rnk 73 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$7,738CURRENT US$
Rnk 86 / 186
2012-2022
Flag
GDP PC GROWTH21%CURRENT US$
Rnk 82 / 186

About

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.

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.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Botswana ranked 91 in the Economic Complexity Index (ECI -0.59), and 107 in total exports ($8.65B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $137k and imported $15k from Botswana, resulting in a positive trade balance of $122k. Between October 2023 and October 2024 the exports of South Korea have decreased by $-2k (-1.44%) from $139k to $137k, while imports increased by $4k (36.4%) from $11k to $15k.

Trade In October 2024, the top exports of South Korea to Botswana were Precious stones, metals, & pearls ($0) and Electrical machinery and electronics ($0). In October 2024 the top imports of South Korea from Botswana were Precious stones, metals, & pearls ($51k) and Electrical machinery and electronics ($0).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Botswana was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-472k or -100%). In October 2024, the increase in South Korea's year-by-year imports  from Botswana was explained primarily by an increase in product imports  in Precious stones, metals, & pearls ($44k or 629%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-2k(-1.44%)
IMPORT GROWTH (October 2023 - October 2024)$4k(36.4%)

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 2022, 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 2017 to $8.13M in 2022.

In 2017, 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 2022 to $329k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Botswana
Top DestinationUnited Arab Emirates$2.31B

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

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

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

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 2022, South Korea had a large net trade with Botswana in the exports of Machines ($3.02M), Instruments ($1.81M), and Transportation ($1.79M).

During 2017, 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).

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) (2022)

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