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2022
Flag → Flag
Exports $4.59BRnk 28 / 220
2022
Flag → Flag
Top Product $4.45BSpecial Purpose Ships
2022
Flag → Flag
Exports $954MRnk 3 / 145
2022
Flag → Flag
Top Product $755MCoal Briquettes
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI -1.18Rnk 119 / 133
2022
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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$17.9BCURRENT US$
Rnk 122 / 186
2012-2022
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GDP GROWTH9.18%CURRENT US$
Rnk 146 / 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$541CURRENT US$
Rnk 180 / 186
2012-2022
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GDP PC GROWTH-18.9%CURRENT US$
Rnk 172 / 186

About

South Korea-Mozambique Trade: In 2022, South Korea exported $4.59B to Mozambique. The main products that South Korea exported to Mozambique were Special Purpose Ships ($4.45B), Coal Tar Oil ($20.5M), and Cleaning Products ($14.8M). Over the past 5 years the exports of South Korea to Mozambique have increased at an annualized rate of 137%, from $61M in 2017 to $4.59B in 2022.

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

Mozambique-South Korea Trade: In 2022, Mozambique exported $954M to South Korea. The main products that Mozambique exported to South Korea were Coal Briquettes ($755M), Coke ($181M), and Raw Copper ($11.9M). Over the past 5 years the exports of Mozambique to South Korea have increased at an annualized rate of 49.6%,  from $127M in 2017 to $954M in 2022.

In 2022, Mozambique 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, Mozambique ranked 119 in the Economic Complexity Index (ECI -1.18), and 99 in total exports ($11.7B).

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $6.73M and imported $36.1M from Mozambique, resulting in a negative trade balance of $29.4M. Between August 2023 and August 2024 the exports of South Korea have decreased by $-3.06M (-31.3%) from $9.79M to $6.73M, while imports decreased by $-4.77M (-11.7%) from $40.9M to $36.1M.

Trade In August 2024, the top exports of South Korea to Mozambique were Mineral fuels, mineral oils and products... ($4.8M), Soap, cleaners, candles, dental, modelling pastes ($1.15M), Machinery, mechanical appliances, & parts ($894k), Plastics & articles thereof ($596k), and Books, newspapers, & other prints ($275k). In August 2024 the top imports of South Korea from Mozambique were Mineral fuels, mineral oils and products... ($42.2M), Tobacco & substitutes ($422k), Fish, crustaceans, & molluscs ($0), Inorganic chemicals ($0), and Soap, cleaners, candles, dental, modelling pastes ($0).

Growth In August 2024, the decrease in South Korea's year-by-year exports to Mozambique was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-10.9M or -92.4%), Plastics & articles thereof ($-1.78M or -74.9%), and Soap, cleaners, candles, dental, modelling pastes ($-1.48M or -56.3%). In August 2024, the decrease in South Korea's year-by-year imports  from Mozambique was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-18.4M or -30.4%) and Tobacco & substitutes ($-1.13M or -72.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-3.06M(-31.3%)
IMPORT GROWTH (August 2023 - August 2024)$-4.77M(-11.7%)

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

For full datasets download visit Bulk Download page.

Explore Mozambique and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $4.59B to Mozambique. The main products exported from South Korea to Mozambique were Special Purpose Ships ($4.45B), Coal Tar Oil ($20.5M), and Cleaning Products ($14.8M). During the last 5 years the exports of South Korea to Mozambique have increased at an annualized rate of 137%, from $61M in 2017 to $4.59B in 2022.

In 2017, Mozambique exported $954M to South Korea. The main products exported from Mozambique to South Korea were Coal Briquettes ($755M), Coke ($181M), and Raw Copper ($11.9M). During the last 5 years the exports of Mozambique to South Korea have increased at an annualized rate of 49.6%, from $127M in 2022 to $954M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Mozambique
Top DestinationIndia$2.62B

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

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

In 2022, countries that imported more from Mozambique than South Korea included Zimbabwe ($336M), Zambia ($101M), and Eswatini ($64.9M).

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

Comparative Advantage South Korea - Mozambique

Flow
Scale

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

During 2022, South Korea had a large net trade with Mozambique in the exports of Transportation ($4.46B), Chemical Products ($37.2M), and Plastics and Rubbers ($30.3M).

During 2017, Mozambique had a large net trade with South Korea in the exports of Mineral Products ($937M), Metals ($13.5M), and Foodstuffs ($3.88M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Mozambique+$4.6MCars
Top Product Potential Mozambique South Korea+$87.6MCoal Briquettes

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

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

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