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Pricing

2022
Flag → Flag
Exports $4.64MRnk 182 / 220
2022
Flag → Flag
Top Product $1.35MExcavation Machinery
2022
Flag → Flag
Exports $393MRnk 7 / 63
2022
Flag → Flag
Top Product $270MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 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$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
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GDP GROWTH-47.2%CURRENT US$
Rnk 184 / 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$7,053CURRENT US$
Rnk 90 / 186
2012-2022
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GDP PC GROWTH-62.4%CURRENT US$
Rnk 186 / 186

About

South Korea-Equatorial Guinea Trade: In 2022, South Korea exported $4.64M to Equatorial Guinea. The main products that South Korea exported to Equatorial Guinea were Excavation Machinery ($1.35M), Electric Generating Sets ($935k), and Electrical Control Boards ($506k). Over the past 5 years the exports of South Korea to Equatorial Guinea have increased at an annualized rate of 60.7%, from $433k in 2017 to $4.64M in 2022.

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

Equatorial Guinea-South Korea Trade: In 2022, Equatorial Guinea exported $393M to South Korea. The main products that Equatorial Guinea exported to South Korea were Crude Petroleum ($270M), Petroleum Gas ($123M), and Scrap Aluminium ($176k). Over the past 5 years the exports of Equatorial Guinea to South Korea have decreased at an annualized rate of 2.5%,  from $446M in 2017 to $393M in 2022.

In 2022, Equatorial Guinea 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, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $879k and imported $0 from Equatorial Guinea, resulting in a positive trade balance of $879k. Between September 2023 and September 2024 the exports of South Korea have increased by $247k (39.1%) from $632k to $879k, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In September 2024, the top exports of South Korea to Equatorial Guinea were Machinery, mechanical appliances, & parts ($86k), Pharmaceutical products ($15k), Electrical machinery and electronics ($15k), Beverages, spirits, & vinegar ($13k), and Optical, photo, & film equipment; medical... ($11k). In September 2024 the top imports of South Korea from Equatorial Guinea were Machinery, mechanical appliances, & parts ($151k), Iron or steel articles ($39k), Beverages, spirits, & vinegar ($0), Pharmaceutical products ($0), and Electrical machinery and electronics ($0).

Growth In September 2024, the increase in South Korea's year-by-year exports to Equatorial Guinea was explained primarily by an increase in product exports in Electrical machinery and electronics ($7k or 87.5%). In September 2024, the change in South Korea's year-by-year imports  from Equatorial Guinea was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$247k(39.1%)
IMPORT GROWTH (September 2023 - September 2024)$0(N/A%)

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 Equatorial Guinea and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Equatorial Guinea and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $4.64M to Equatorial Guinea. The main products exported from South Korea to Equatorial Guinea were Excavation Machinery ($1.35M), Electric Generating Sets ($935k), and Electrical Control Boards ($506k). During the last 5 years the exports of South Korea to Equatorial Guinea have increased at an annualized rate of 60.7%, from $433k in 2017 to $4.64M in 2022.

In 2017, Equatorial Guinea exported $393M to South Korea. The main products exported from Equatorial Guinea to South Korea were Crude Petroleum ($270M), Petroleum Gas ($123M), and Scrap Aluminium ($176k). During the last 5 years the exports of Equatorial Guinea to South Korea have decreased at an annualized rate of 2.5%, from $446M in 2022 to $393M in 2017.

Exports from South Korea (Flag) to Equatorial Guinea (Flag) (2022)

Exports from Equatorial Guinea (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Equatorial Guinea
Top DestinationZambia$1.84B

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

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

In 2022, countries that imported more from Equatorial Guinea than South Korea included Zambia ($1.84B) and Sao Tome and Principe ($1.38M).

Difference in imports from Equatorial Guinea (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Equatorial Guinea

Flow
Scale

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

During 2022, South Korea had a large net trade with Equatorial Guinea in the exports of Machines ($3.53M), Metals ($401k), and Plastics and Rubbers ($353k).

During 2017, Equatorial Guinea had a large net trade with South Korea in the exports of Mineral Products ($393M), Metals ($181k), and Machines ($18.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Equatorial Guinea+$370kExcavation Machinery
Top Product Potential Equatorial Guinea South Korea+$157MPetroleum Gas

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

Product Space of South Korea (Flag) and Equatorial Guinea (Flag) (2022)

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