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Pricing

2023
Flag → Flag
Exports $42.4MRnk 111 / 142
2023
Flag → Flag
Top Product $13.1MCleaning Products
2023
Flag → Flag
Exports $8.27MRnk 45 / 136
2023
Flag → Flag
Top Product $8.25MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.65Rnk 94 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$27.6BCURRENT US$
Rnk 111 / 195
2013-2023
Flag
GDP GROWTH-1.64%CURRENT US$
Rnk 172 / 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$1,331CURRENT US$
Rnk 171 / 196
2013-2023
Flag
GDP PC GROWTH-26.9%CURRENT US$
Rnk 184 / 195

About

South Korea-Zambia Trade: In 2023, South Korea exported $42.4M to Zambia. The main products that South Korea exported to Zambia were Cleaning Products ($13.1M), Ethylene Polymers ($6.26M), and Synthetic Filament Tow ($5.69M). Over the past 5 years the exports of South Korea to Zambia have decreased at an annualized rate of 5.08%, from $55M in 2018 to $42.4M in 2023.

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

Zambia-South Korea Trade: In 2023, Zambia exported $8.27M to South Korea. The main products that Zambia exported to South Korea were Raw Tobacco ($8.25M), Other Animals ($11.8k), and Honey ($694). Over the past 5 years the exports of Zambia to South Korea have decreased at an annualized rate of 40.3%,  from $109M in 2018 to $8.27M in 2023.

In 2023, Zambia 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, Zambia ranked 94 in the Economic Complexity Index (ECI -0.65), and 85 in total exports ($15.9B).

Latest Trends

January, 2025

About

Overview In January 2025, South Korea exported $1.16M and imported $4.43M from Zambia, resulting in a negative trade balance of $3.26M. Between January 2024 and January 2025 the exports of South Korea have decreased by $-702k (-37.6%) from $1.87M to $1.16M, while imports increased by $494k (12.6%) from $3.93M to $4.43M.

Trade In January 2025, the top exports of South Korea to Zambia were Pharmaceutical products ($1.33M), Chemical products n.e.s. ($179k), Man-made filaments ($171k), Plastics & articles thereof ($54k), and Machinery, mechanical appliances, & parts ($49k). In January 2025 the top imports of South Korea from Zambia were Tobacco & substitutes ($2.27M), Copper articles ($1.66M), Ores, slag and ash ($0), Pharmaceutical products ($0), and Perfumery & cosmetics ($0).

Growth In January 2025, the decrease in South Korea's year-by-year exports to Zambia was explained primarily by an decrease in product exports in Plastics & articles thereof ($-319k or -85.5%), Man-made staple fibres ($-260k or -100%), and Man-made filaments ($-190k or -52.6%). In January 2025, the increase in South Korea's year-by-year imports  from Zambia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$-702k(-37.6%)
IMPORT GROWTH (January 2024 - January 2025)$494k(12.6%)

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

For full datasets download visit Bulk Download page.

Explore Zambia and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $42.4M to Zambia. The main products exported from South Korea to Zambia were Cleaning Products ($13.1M), Ethylene Polymers ($6.26M), and Synthetic Filament Tow ($5.69M). During the last 5 years the exports of South Korea to Zambia have decreased at an annualized rate of 5.08%, from $55M in 2018 to $42.4M in 2023.

In 2018, Zambia exported $8.27M to South Korea. The main products exported from Zambia to South Korea were Raw Tobacco ($8.25M), Other Animals ($11.8k), and Honey ($694). During the last 5 years the exports of Zambia to South Korea have decreased at an annualized rate of 40.3%, from $109M in 2023 to $8.27M in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Zambia
Top DestinationSwitzerland$4.26B

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

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

In 2023, countries that imported more from Zambia than South Korea included Democratic Republic of the Congo ($1.6B), Switzerland ($4.26B), and Zimbabwe ($248M).

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

Comparative Advantage South Korea - Zambia

Flow
Scale

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

During 2023, South Korea had a large net trade with Zambia in the exports of Chemical Products ($15.5M), Plastics and Rubbers ($12.8M), and Textiles ($6.86M).

During 2018, Zambia had a large net trade with South Korea in the exports of Foodstuffs ($8.25M), Animal Products ($12.5k), and Stone And Glass ($278).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Zambia+$1.62MLaboratory Reagents
Top Product Potential Zambia South Korea+$30.4MRefined Copper

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

Product Space of South Korea (Flag) and Zambia (Flag) (2023)

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