2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$8.13BCURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC
$918CURRENT US$
Rnk 171 / 186
2012-2022
Flag
GDP PC GROWTH
20.9%CURRENT US$
Rnk 84 / 186

About

South Korea-Togo Trade: In 2022, South Korea exported $2.36B to Togo. The main products that South Korea exported to Togo were Refined Petroleum ($2.32B), Propylene Polymers ($6.75M), and Cars ($4.46M). Over the past 5 years the exports of South Korea to Togo have increased at an annualized rate of 17.7%, from $1.05B in 2017 to $2.36B in 2022.

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

Togo-South Korea Trade: In 2022, Togo exported $47.9M to South Korea. The main products that Togo exported to South Korea were Scrap Copper ($41.8M), Scrap Aluminium ($3.63M), and Other Oily Seeds ($2.36M). Over the past 5 years the exports of Togo to South Korea have increased at an annualized rate of 10.6%,  from $28.9M in 2017 to $47.9M in 2022.

In 2022, Togo 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, Togo ranked 111 in the Economic Complexity Index (ECI -0.99), and 128 in total exports ($4.48B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $2.36B to Togo. The main products exported from South Korea to Togo were Refined Petroleum ($2.32B), Propylene Polymers ($6.75M), and Cars ($4.46M). During the last 5 years the exports of South Korea to Togo have increased at an annualized rate of 17.7%, from $1.05B in 2017 to $2.36B in 2022.

In 2017, Togo exported $47.9M to South Korea. The main products exported from Togo to South Korea were Scrap Copper ($41.8M), Scrap Aluminium ($3.63M), and Other Oily Seeds ($2.36M). During the last 5 years the exports of Togo to South Korea have increased at an annualized rate of 10.6%, from $28.9M in 2022 to $47.9M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Togo
Top Destination
United Arab Emirates$1.19B

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

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

In 2022, countries that imported more from Togo than South Korea included Cote d'Ivoire ($474M), Burkina Faso ($249M), and Benin ($163M).

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

Comparative Advantage South Korea - Togo

Flow
Scale

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

During 2022, South Korea had a large net trade with Togo in the exports of Mineral Products ($2.32B), Plastics and Rubbers ($15.1M), and Transportation ($5.09M).

During 2017, Togo had a large net trade with South Korea in the exports of Metals ($45.4M), Vegetable Products ($2.36M), and Animal Products ($35k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Togo+$3.11MCars
Top Product Potential Togo South Korea+$3.61MScrap Aluminium

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

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

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