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Pricing

2022
Flag → Flag
Exports $128MRnk 107 / 220
2022
Flag → Flag
Top Product $29.5MLarge Construction Vehicles
2022
Flag → Flag
Exports $123MRnk 9 / 158
2022
Flag → Flag
Top Product $111MCoffee
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI -0.72Rnk 98 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$127BCURRENT US$
Rnk 60 / 186
2012-2022
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GDP GROWTH193%CURRENT US$
Rnk 3 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%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 GROWTH124%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 13.1%,  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).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $14.1M and imported $17.3M from Ethiopia, resulting in a negative trade balance of $3.17M. Between July 2023 and July 2024 the exports of South Korea have increased by $4.66M (49.4%) from $9.44M to $14.1M, while imports increased by $7.91M (84.6%) from $9.35M to $17.3M.

Trade In July 2024, the top exports of South Korea to Ethiopia were Machinery, mechanical appliances, & parts ($3.03M), Organic chemicals ($1.52M), Plastics & articles thereof ($1.02M), Electrical machinery and electronics ($413k), and Rubber & articles thereof ($257k). In July 2024 the top imports of South Korea from Ethiopia were Coffee, tea, mate & spices ($8.89M), Live trees, plants, bulbs, cut flowers,... ($517k), Non-knitted clothing accesories ($239k), Knitted clothing accesories ($7k), and Miscellaneous edible preparations ($0).

Growth In July 2024, the increase in South Korea's year-by-year exports to Ethiopia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($2.4M or 386%), Organic chemicals ($759k or 99.3%), and Electrical machinery and electronics ($354k or 600%). In July 2024, the increase in South Korea's year-by-year imports  from Ethiopia was explained primarily by an increase in product imports  in Coffee, tea, mate & spices ($1.46M or 19.6%), Live trees, plants, bulbs, cut flowers,... ($198k or 62.1%), and Non-knitted clothing accesories ($98k or 69.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$4.66M(49.4%)
IMPORT GROWTH (July 2023 - July 2024)$7.91M(84.6%)

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 Ethiopia and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ethiopia and South Korea Data

Go to Bulk Download

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 13.1%, 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 DestinationChina$150B
Ethiopia
Top DestinationUnited 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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