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Pricing

2022
Flag → Flag
Exports $9.07MRnk 171 / 220
2022
Flag → Flag
Top Product $2.54MEthylene Polymers
2022
Flag → Flag
Exports $12.8MRnk 12 / 118
2022
Flag → Flag
Top Product $7.14MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$3.97BCURRENT US$
Rnk 156 / 186
2012-2022
Flag
GDP GROWTH4.78%CURRENT US$
Rnk 156 / 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$461CURRENT US$
Rnk 184 / 186
2012-2022
Flag
GDP PC GROWTH-17.3%CURRENT US$
Rnk 168 / 186

About

South Korea-Sierra Leone Trade: In 2022, South Korea exported $9.07M to Sierra Leone. The main products that South Korea exported to Sierra Leone were Ethylene Polymers ($2.54M), Vaccines, blood, antisera, toxins and cultures ($1.46M), and Propylene Polymers ($1.29M). Over the past 5 years the exports of South Korea to Sierra Leone have increased at an annualized rate of 1.38%, from $8.47M in 2017 to $9.07M in 2022.

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

Sierra Leone-South Korea Trade: In 2022, Sierra Leone exported $12.8M to South Korea. The main products that Sierra Leone exported to South Korea were Non-fillet Frozen Fish ($7.14M), Titanium Ore ($4.42M), and Scrap Aluminium ($734k). Over the past 5 years the exports of Sierra Leone to South Korea have decreased at an annualized rate of 3.27%,  from $15.1M in 2017 to $12.8M in 2022.

In 2022, Sierra Leone 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, Sierra Leone ranked 159 in total exports ($1.15B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $527k and imported $622k from Sierra Leone, resulting in a negative trade balance of $95k. Between August 2023 and August 2024 the exports of South Korea have decreased by $-6.5M (-92.5%) from $7.02M to $527k, while imports decreased by $-615k (-49.7%) from $1.24M to $622k.

Trade In August 2024, the top exports of South Korea to Sierra Leone were Plastics & articles thereof ($430k), Chemical products n.e.s. ($108k), Paper articles ($5k), Mineral fuels, mineral oils and products... ($3k), and Books, newspapers, & other prints ($1k). In August 2024 the top imports of South Korea from Sierra Leone were Fish, crustaceans, & molluscs ($1.2M), Ores, slag and ash ($134k), Non-knitted clothing accesories ($13k), Machinery, mechanical appliances, & parts ($2k), and Electrical machinery and electronics ($1k).

Growth In August 2024, the decrease in South Korea's year-by-year exports to Sierra Leone was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-112k or -100%) and Electrical machinery and electronics ($-2k or -100%). In August 2024, the decrease in South Korea's year-by-year imports  from Sierra Leone was explained primarily by an decrease in product imports  in Ores, slag and ash ($-442k or -76.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-6.5M(-92.5%)
IMPORT GROWTH (August 2023 - August 2024)$-615k(-49.7%)

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 Sierra Leone and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sierra Leone and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $9.07M to Sierra Leone. The main products exported from South Korea to Sierra Leone were Ethylene Polymers ($2.54M), Vaccines, blood, antisera, toxins and cultures ($1.46M), and Propylene Polymers ($1.29M). During the last 5 years the exports of South Korea to Sierra Leone have increased at an annualized rate of 1.38%, from $8.47M in 2017 to $9.07M in 2022.

In 2017, Sierra Leone exported $12.8M to South Korea. The main products exported from Sierra Leone to South Korea were Non-fillet Frozen Fish ($7.14M), Titanium Ore ($4.42M), and Scrap Aluminium ($734k). During the last 5 years the exports of Sierra Leone to South Korea have decreased at an annualized rate of 3.27%, from $15.1M in 2022 to $12.8M in 2017.

Exports from South Korea (Flag) to Sierra Leone (Flag) (2022)

Exports from Sierra Leone (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Sierra Leone
Top DestinationChina$622M

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

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

In 2022, no countries were registered that imported more from Sierra Leone than from South Korea.

Difference in imports from Sierra Leone (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Sierra Leone

Flow
Scale

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

During 2022, South Korea had a large net trade with Sierra Leone in the exports of Plastics and Rubbers ($5.17M), Machines ($1.59M), and Chemical Products ($1.5M).

During 2017, Sierra Leone had a large net trade with South Korea in the exports of Animal Products ($7.18M), Mineral Products ($4.42M), and Metals ($735k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Sierra Leone+$964kVaccines, blood, antisera, toxins and cultures
Top Product Potential Sierra Leone South Korea+$793kTitanium Ore

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

Product Space of South Korea (Flag) and Sierra Leone (Flag) (2022)

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