2022
Flag  
GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$127BCURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP GROWTH
193%CURRENT US$
Rnk 3 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC
$1,028CURRENT US$
Rnk 168 / 186
2012-2022
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GDP PC GROWTH
124%CURRENT US$
Rnk 4 / 186

About

South Korea-Ethiopia Trade: In 2022, South Korea exported $128M to Ethiopia. The main products that South Korea exported to Ethiopia were Large Construction Vehicles ($29.5M), Cars ($8.99M), and Rice ($8.79M). Over the past 5 years the exports of South Korea to Ethiopia have decreased at an annualized rate of 6.74%, from $181M in 2017 to $128M in 2022.

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

Ethiopia-South Korea Trade: In 2022, Ethiopia exported $123M to South Korea. The main products that Ethiopia exported to South Korea were Coffee ($111M), Non-Knit Women's Coats ($2.74M), and Cut Flowers ($2.12M). Over the past 5 years the exports of Ethiopia to South Korea have increased at an annualized rate of 9.17%,  from $66.4M in 2017 to $123M in 2022.

In 2022, Ethiopia 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, Ethiopia ranked 98 in the Economic Complexity Index (ECI -0.72), and 134 in total exports ($4.24B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $128M to Ethiopia. The main products exported from South Korea to Ethiopia were Large Construction Vehicles ($29.5M), Cars ($8.99M), and Rice ($8.79M). During the last 5 years the exports of South Korea to Ethiopia have decreased at an annualized rate of 6.74%, from $181M in 2017 to $128M in 2022.

In 2017, Ethiopia exported $123M to South Korea. The main products exported from Ethiopia to South Korea were Coffee ($111M), Non-Knit Women's Coats ($2.74M), and Cut Flowers ($2.12M). During the last 5 years the exports of Ethiopia to South Korea have increased at an annualized rate of 9.17%, from $66.4M in 2022 to $123M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Ethiopia
Top Destination
United Arab Emirates$723M

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

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

In 2022, countries that imported more from Ethiopia than South Korea included Somalia ($265M), Djibouti ($86.8M), and South Sudan ($7.98M).

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

Comparative Advantage South Korea - Ethiopia

Flow
Scale

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

During 2022, South Korea had a large net trade with Ethiopia in the exports of Machines ($52.2M), Plastics and Rubbers ($26.1M), and Chemical Products ($18.4M).

During 2017, Ethiopia had a large net trade with South Korea in the exports of Vegetable Products ($115M), Textiles ($7.24M), and Animal Products ($327k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Ethiopia+$17.2MCars
Top Product Potential Ethiopia South Korea+$12.6MCoffee

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 Ethiopia. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Ethiopia. Similarly, a dot/product with the flag of Ethiopia indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Ethiopia (Flag) (2022)

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