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Pricing

2023
Flag → Flag
Exports $1.9MRnk 137 / 142
2023
Flag → Flag
Top Product $1.73MPackaged Medicaments
2023
Flag → Flag
Exports $87.4kRnk 44 / 105
2023
Flag → Flag
Top Product $87.4kNon-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$2.12BCURRENT US$
Rnk 175 / 195
2013-2023
Flag
GDP GROWTH-10.5%CURRENT US$
Rnk 181 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$916CURRENT US$
Rnk 180 / 196
2013-2023
Flag
GDP PC GROWTH-20.4%CURRENT US$
Rnk 179 / 195

About

South Korea-Lesotho Trade: In 2023, South Korea exported $1.9M to Lesotho. The main products that South Korea exported to Lesotho were Packaged Medicaments ($1.73M), Non-Retail Synthetic Filament Yarn ($125k), and Vaccines, blood, antisera, toxins and cultures ($23.6k). Over the past 5 years the exports of South Korea to Lesotho have increased at an annualized rate of 52.1%, from $233k in 2018 to $1.9M in 2023.

In 2023, South Korea did not export any services to Lesotho.

Lesotho-South Korea Trade: In 2023, Lesotho exported $87.4k to South Korea. The main products that Lesotho exported to South Korea were Non-Knit Men's Suits ($87.4k), Other Non-Knit Clothing Accessories ($14), and Light Rubberized Knitted Fabric ($12). Over the past 5 years the exports of Lesotho to South Korea have increased at an annualized rate of 26.1%,  from $27.4k in 2018 to $87.4k in 2023.

In 2023, Lesotho did not export any services to South Korea.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $0 and imported $39k from Lesotho, resulting in a negative trade balance of $39k. Between December 2023 and December 2024 the exports of South Korea have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-20k (-33.9%) from $59k to $39k.

Trade In December 2024, the top exports of South Korea to Lesotho were Non-knitted clothing accesories ($0) and Electrical machinery and electronics ($0). In December 2024 the top imports of South Korea from Lesotho were Non-knitted clothing accesories ($3k) and Electrical machinery and electronics ($3k).

Growth In December 2024, the change in South Korea's year-by-year exports to Lesotho was explained primarily by an decrease in product exports in . In December 2024, the decrease in South Korea's year-by-year imports  from Lesotho was explained primarily by an decrease in product imports  in Non-knitted clothing accesories ($-106k or -97.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$0(N/A%)
IMPORT GROWTH (December 2023 - December 2024)$-20k(-33.9%)

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

For full datasets download visit Bulk Download page.

Explore Lesotho and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $1.9M to Lesotho. The main products exported from South Korea to Lesotho were Packaged Medicaments ($1.73M), Non-Retail Synthetic Filament Yarn ($125k), and Vaccines, blood, antisera, toxins and cultures ($23.6k). During the last 5 years the exports of South Korea to Lesotho have increased at an annualized rate of 52.1%, from $233k in 2018 to $1.9M in 2023.

In 2018, Lesotho exported $87.4k to South Korea. The main products exported from Lesotho to South Korea were Non-Knit Men's Suits ($87.4k), Other Non-Knit Clothing Accessories ($14), and Light Rubberized Knitted Fabric ($12). During the last 5 years the exports of Lesotho to South Korea have increased at an annualized rate of 26.1%, from $27.4k in 2023 to $87.4k in 2018.

Exports from South Korea (Flag) to Lesotho (Flag) (2023)

Exports from Lesotho (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Lesotho
Top DestinationSouth Africa$351M

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

In 2023, countries that imported more from South Korea than Lesotho included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Lesotho than South Korea included Eswatini ($7.34M), Cameroon ($319k), and Democratic Republic of the Congo ($253k).

Difference in imports from Lesotho (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Lesotho

Flow
Scale

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

During 2023, South Korea had a large net trade with Lesotho in the exports of Chemical Products ($1.75M), Textiles ($125k), and Plastics and Rubbers ($18.5k).

During 2018, Lesotho had a large net trade with South Korea in the exports of Textiles ($87.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Lesotho+$153kLaboratory Reagents
Top Product Potential Lesotho South Korea+$183kNon-Knit Men's Suits

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

Product Space of South Korea (Flag) and Lesotho (Flag) (2023)

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