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2022
Flag → Flag
Exports $11MRnk 169 / 220
2022
Flag → Flag
Top Product $6.16MCars
2022
Flag → Flag
Exports $617MRnk 2 / 118
2022
Flag → Flag
Top Product $604MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.99Rnk 112 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$21.1BCURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP GROWTH22.7%CURRENT US$
Rnk 114 / 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$8,820CURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP PC GROWTH-5.65%CURRENT US$
Rnk 156 / 186

About

South Korea-Gabon Trade: In 2022, South Korea exported $11M to Gabon. The main products that South Korea exported to Gabon were Cars ($6.16M), Delivery Trucks ($698k), and Other Nitrogen Compounds ($675k). Over the past 5 years the exports of South Korea to Gabon have decreased at an annualized rate of 3.47%, from $13.1M in 2017 to $11M in 2022.

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

Gabon-South Korea Trade: In 2022, Gabon exported $617M to South Korea. The main products that Gabon exported to South Korea were Crude Petroleum ($604M), Manganese Ore ($8.44M), and Sawn Wood ($2.68M). Over the past 5 years the exports of Gabon to South Korea have increased at an annualized rate of 46.8%,  from $90.3M in 2017 to $617M in 2022.

In 2022, Gabon 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, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $2.16M and imported $4.45M from Gabon, resulting in a negative trade balance of $2.29M. Between October 2023 and October 2024 the exports of South Korea have increased by $1.2M (126%) from $955k to $2.16M, while imports increased by $4.29M (2.67k%) from $161k to $4.45M.

Trade In October 2024, the top exports of South Korea to Gabon were Cars, tractors, trucks & parts thereof. ($321k), Machinery, mechanical appliances, & parts ($129k), Plastics & articles thereof ($32k), Soap, cleaners, candles, dental, modelling pastes ($23k), and Furniture, bedding, lamps, & prefab buildings ($12k). In October 2024 the top imports of South Korea from Gabon were Wood, wood articles, & charcoal ($579k), Pharmaceutical products ($0), Soap, cleaners, candles, dental, modelling pastes ($0), Chemical products n.e.s. ($0), and Plastics & articles thereof ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Gabon was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($141k or 78.3%) and Machinery, mechanical appliances, & parts ($46k or 55.4%). In October 2024, the increase in South Korea's year-by-year imports  from Gabon was explained primarily by an increase in product imports  in Wood, wood articles, & charcoal ($493k or 573%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$1.2M(126%)
IMPORT GROWTH (October 2023 - October 2024)$4.29M(2.67k%)

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

For full datasets download visit Bulk Download page.

Explore Gabon and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $11M to Gabon. The main products exported from South Korea to Gabon were Cars ($6.16M), Delivery Trucks ($698k), and Other Nitrogen Compounds ($675k). During the last 5 years the exports of South Korea to Gabon have decreased at an annualized rate of 3.47%, from $13.1M in 2017 to $11M in 2022.

In 2017, Gabon exported $617M to South Korea. The main products exported from Gabon to South Korea were Crude Petroleum ($604M), Manganese Ore ($8.44M), and Sawn Wood ($2.68M). During the last 5 years the exports of Gabon to South Korea have increased at an annualized rate of 46.8%, from $90.3M in 2022 to $617M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Gabon
Top DestinationChina$3.4B

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

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

In 2022, countries that imported more from Gabon than South Korea included Sao Tome and Principe ($1.73M).

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

Comparative Advantage South Korea - Gabon

Flow
Scale

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

During 2022, South Korea had a large net trade with Gabon in the exports of Transportation ($7.33M), Machines ($1.49M), and Chemical Products ($1.06M).

During 2017, Gabon had a large net trade with South Korea in the exports of Mineral Products ($613M), Wood Products ($3.68M), and Metals ($74k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Gabon+$3.75MCars
Top Product Potential Gabon South Korea+$77.9MCrude Petroleum

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

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

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