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Pricing

2022
Flag → Flag
Exports $27.5MRnk 147 / 220
2022
Flag → Flag
Top Product $11.4MDelivery Trucks
2022
Flag → Flag
Exports $9.16MRnk 13 / 127
2022
Flag → Flag
Top Product $7.65MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$14BCURRENT US$
Rnk 134 / 186
2012-2022
Flag
GDP GROWTH48.2%CURRENT US$
Rnk 68 / 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$533CURRENT US$
Rnk 181 / 186
2012-2022
Flag
GDP PC GROWTH1.52%CURRENT US$
Rnk 135 / 186

About

South Korea-Niger Trade: In 2022, South Korea exported $27.5M to Niger. The main products that South Korea exported to Niger were Delivery Trucks ($11.4M), Vaccines, blood, antisera, toxins and cultures ($8.36M), and Refined Petroleum ($2.45M). Over the past 5 years the exports of South Korea to Niger have increased at an annualized rate of 27.8%, from $8.08M in 2017 to $27.5M in 2022.

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

Niger-South Korea Trade: In 2022, Niger exported $9.16M to South Korea. The main products that Niger exported to South Korea were Passenger and Cargo Ships ($7.65M), Other Oily Seeds ($1.41M), and Machinery Having Individual Functions ($21k). Over the past 5 years the exports of Niger to South Korea have decreased at an annualized rate of 24.3%,  from $64.5M in 2017 to $9.16M in 2022.

In 2022, Niger 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, Niger ranked 97 in the Economic Complexity Index (ECI -0.71), and 136 in total exports ($3.24B).

Latest Trends

November, 2024

About

Overview In November 2024, South Korea exported $749k and imported $7k from Niger, resulting in a positive trade balance of $742k. Between November 2023 and November 2024 the exports of South Korea have increased by $730k (3.84k%) from $19k to $749k, while imports increased by $5k (250%) from $2k to $7k.

Trade In November 2024, the top exports of South Korea to Niger were Pharmaceutical products ($1.56M), Chemical products n.e.s. ($211k), Plastics & articles thereof ($125k), Electrical machinery and electronics ($0), and Optical, photo, & film equipment; medical... ($0). In November 2024 the top imports of South Korea from Niger were Pharmaceutical products ($0), Chemical products n.e.s. ($0), Plastics & articles thereof ($0), Electrical machinery and electronics ($0), and Optical, photo, & film equipment; medical... ($0).

Growth In November 2024, the increase in South Korea's year-by-year exports to Niger was explained primarily by an increase in product exports in Pharmaceutical products ($458k or 41.7%) and Chemical products n.e.s. ($148k or 235%). In November 2024, the increase in South Korea's year-by-year imports  from Niger was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$730k(3.84k%)
IMPORT GROWTH (November 2023 - November 2024)$5k(250%)

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

For full datasets download visit Bulk Download page.

Explore Niger and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $27.5M to Niger. The main products exported from South Korea to Niger were Delivery Trucks ($11.4M), Vaccines, blood, antisera, toxins and cultures ($8.36M), and Refined Petroleum ($2.45M). During the last 5 years the exports of South Korea to Niger have increased at an annualized rate of 27.8%, from $8.08M in 2017 to $27.5M in 2022.

In 2017, Niger exported $9.16M to South Korea. The main products exported from Niger to South Korea were Passenger and Cargo Ships ($7.65M), Other Oily Seeds ($1.41M), and Machinery Having Individual Functions ($21k). During the last 5 years the exports of Niger to South Korea have decreased at an annualized rate of 24.3%, from $64.5M in 2022 to $9.16M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Niger
Top DestinationUnited Arab Emirates$2.23B

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

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

In 2022, countries that imported more from Niger than South Korea included Mali ($79.3M) and Chad ($7.89M).

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

Comparative Advantage South Korea - Niger

Flow
Scale

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

During 2022, South Korea had a large net trade with Niger in the exports of Transportation ($13.3M), Chemical Products ($8.59M), and Mineral Products ($2.45M).

During 2017, Niger had a large net trade with South Korea in the exports of Transportation ($7.65M), Vegetable Products ($1.43M), and Machines ($29.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Niger+$2.74MRefined Petroleum
Top Product Potential Niger South Korea+$1.64MOther Oily Seeds

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

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

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