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2023
Flag → Flag
Exports $40.1MRnk 112 / 142
2023
Flag → Flag
Top Product $10.2MEthylene Polymers
2023
Flag → Flag
Exports $703kRnk 56 / 126
2023
Flag → Flag
Top Product $267kScrap Aluminium
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 103 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$9.17BCURRENT US$
Rnk 152 / 195
2013-2023
Flag
GDP GROWTH52.3%CURRENT US$
Rnk 70 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$986CURRENT US$
Rnk 178 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 105 / 195

About

South Korea-Togo Trade: In 2023, South Korea exported $40.1M to Togo. The main products that South Korea exported to Togo were Ethylene Polymers ($10.2M), Propylene Polymers ($7.87M), and Cars ($5.77M). Over the past 5 years the exports of South Korea to Togo have decreased at an annualized rate of 48.1%, from $1.07B in 2018 to $40.1M in 2023.

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

Togo-South Korea Trade: In 2023, Togo exported $703k to South Korea. The main products that Togo exported to South Korea were Scrap Aluminium ($267k), Other Oily Seeds ($210k), and Railway Cargo Containers ($97.2k). Over the past 5 years the exports of Togo to South Korea have decreased at an annualized rate of 57%,  from $47.9M in 2018 to $703k in 2023.

In 2023, Togo 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, Togo ranked 103 in the Economic Complexity Index (ECI -0.85), and 120 in total exports ($6.6B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $2.45M and imported $1.2M from Togo, resulting in a positive trade balance of $1.25M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-148M (-98.4%) from $150M to $2.45M, while imports decreased by $-999k (-45.5%) from $2.2M to $1.2M.

Trade In December 2024, the top exports of South Korea to Togo were Mineral fuels, mineral oils and products... ($73.1M), Plastics & articles thereof ($1.15M), Fish, Crustaceans & Molluscs ($1.12M), Cars, tractors, trucks & parts thereof. ($353k), and Paper articles ($207k). In December 2024 the top imports of South Korea from Togo were Copper articles ($643k), Aluminum articles ($172k), Man-made staple fibres ($6k), Fish, Crustaceans & Molluscs ($0), and Mineral fuels, mineral oils and products... ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Togo was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... ($-10.8M or -12.9%), Man-made staple fibres ($-291k or -88.2%), and Man-made filaments ($-110k or -100%). In December 2024, the decrease in South Korea's year-by-year imports  from Togo was explained primarily by an decrease in product imports  in Copper articles ($-1.34M or -67.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-148M(-98.4%)
IMPORT GROWTH (December 2023 - December 2024)$-999k(-45.5%)

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

For full datasets download visit Bulk Download page.

Explore Togo and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $40.1M to Togo. The main products exported from South Korea to Togo were Ethylene Polymers ($10.2M), Propylene Polymers ($7.87M), and Cars ($5.77M). During the last 5 years the exports of South Korea to Togo have decreased at an annualized rate of 48.1%, from $1.07B in 2018 to $40.1M in 2023.

In 2018, Togo exported $703k to South Korea. The main products exported from Togo to South Korea were Scrap Aluminium ($267k), Other Oily Seeds ($210k), and Railway Cargo Containers ($97.2k). During the last 5 years the exports of Togo to South Korea have decreased at an annualized rate of 57%, from $47.9M in 2023 to $703k in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Togo
Top DestinationUnited Arab Emirates$2.65B

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

In 2023, countries that imported more from Togo than South Korea included Angola ($856M), Burkina Faso ($239M), and Benin ($163M).

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

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 2023, South Korea had a large net trade with Togo in the exports of Plastics and Rubbers ($19.3M), Transportation ($5.99M), and Chemical Products ($4.18M).

During 2018, Togo had a large net trade with South Korea in the exports of Metals ($321k), Vegetable Products ($210k), and Transportation ($97.2k).

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) (2023)

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