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2023
Flag → Flag
Exports $45.9MRnk 108 / 142
2023
Flag → Flag
Top Product $6.49MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $467MRnk 7 / 152
2023
Flag → Flag
Top Product $421MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.27Rnk 122 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$21BCURRENT US$
Rnk 118 / 195
2013-2023
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GDP GROWTH21.8%CURRENT US$
Rnk 134 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$623CURRENT US$
Rnk 189 / 196
2013-2023
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GDP PC GROWTH-9.25%CURRENT US$
Rnk 167 / 195

About

South Korea-Mozambique Trade: In 2023, South Korea exported $45.9M to Mozambique. The main products that South Korea exported to Mozambique were Vaccines, blood, antisera, toxins and cultures ($6.49M), Propylene Polymers ($5.6M), and Large Construction Vehicles ($5.1M). Over the past 5 years the exports of South Korea to Mozambique have decreased at an annualized rate of 7.7%, from $68.5M in 2018 to $45.9M in 2023.

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

Mozambique-South Korea Trade: In 2023, Mozambique exported $467M to South Korea. The main products that Mozambique exported to South Korea were Coal Briquettes ($421M), Petroleum Gas ($39.6M), and Raw Tobacco ($5.37M). Over the past 5 years the exports of Mozambique to South Korea have increased at an annualized rate of 7.3%,  from $328M in 2018 to $467M in 2023.

In 2023, Mozambique 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, Mozambique ranked 122 in the Economic Complexity Index (ECI -1.27), and 97 in total exports ($11.8B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $7.54M and imported $77.8M from Mozambique, resulting in a negative trade balance of $70.3M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-2.01M (-21%) from $9.54M to $7.54M, while imports decreased by $-80.2M (-50.8%) from $158M to $77.8M.

Trade In December 2024, the top exports of South Korea to Mozambique were Mineral fuels, mineral oils and products... ($2.44M), Plastics & articles thereof ($1.45M), Pharmaceutical products ($780k), Soap, cleaners, candles, dental, modelling pastes ($393k), and Cars, tractors, trucks & parts thereof. ($269k). In December 2024 the top imports of South Korea from Mozambique were Mineral fuels, mineral oils and products... ($242M), Tobacco & substitutes ($578k), Stone, plaster, cement, asbestos, mica. ($66k), Precious stones, metals, & pearls ($9k), and Inorganic chemicals ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Mozambique was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... ($-2.36M or -49.3%), Soap, cleaners, candles, dental, modelling pastes ($-757k or -65.8%), and Machinery, mechanical appliances, & parts ($-629k or -70.4%). In December 2024, the decrease in South Korea's year-by-year imports  from Mozambique was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-2.01M(-21%)
IMPORT GROWTH (December 2023 - December 2024)$-80.2M(-50.8%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $45.9M to Mozambique. The main products exported from South Korea to Mozambique were Vaccines, blood, antisera, toxins and cultures ($6.49M), Propylene Polymers ($5.6M), and Large Construction Vehicles ($5.1M). During the last 5 years the exports of South Korea to Mozambique have decreased at an annualized rate of 7.7%, from $68.5M in 2018 to $45.9M in 2023.

In 2018, Mozambique exported $467M to South Korea. The main products exported from Mozambique to South Korea were Coal Briquettes ($421M), Petroleum Gas ($39.6M), and Raw Tobacco ($5.37M). During the last 5 years the exports of Mozambique to South Korea have increased at an annualized rate of 7.3%, from $328M in 2023 to $467M in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Mozambique
Top DestinationIndia$2.13B

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

In 2023, countries that imported more from Mozambique than South Korea included Vietnam ($324M), Zimbabwe ($306M), and Croatia ($224M).

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

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 2023, South Korea had a large net trade with Mozambique in the exports of Plastics and Rubbers ($14M), Machines ($11.7M), and Chemical Products ($7.78M).

During 2018, Mozambique had a large net trade with South Korea in the exports of Mineral Products ($461M), Foodstuffs ($5.59M), and Animal Products ($134k).

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) (2023)

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