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Pricing

2022
Flag → Flag
Exports $14.1MRnk 161 / 220
2022
Flag → Flag
Top Product $2.91MNon-Retail Synthetic Filament Yarn
2022
Flag → Flag
Exports $78.5MRnk 19 / 128
2022
Flag → Flag
Top Product $37.8MRefined Copper
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.7Rnk 96 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$29.8BCURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 130 / 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$1,488CURRENT US$
Rnk 158 / 186
2012-2022
Flag
GDP PC GROWTH-14%CURRENT US$
Rnk 165 / 186

About

South Korea-Zambia Trade: In 2022, South Korea exported $14.1M to Zambia. The main products that South Korea exported to Zambia were Non-Retail Synthetic Filament Yarn ($2.91M), Other Plastic Products ($2.75M), and Ethylene Polymers ($1.11M). Over the past 5 years the exports of South Korea to Zambia have decreased at an annualized rate of 20.4%, from $44.1M in 2017 to $14.1M in 2022.

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

Zambia-South Korea Trade: In 2022, Zambia exported $78.5M to South Korea. The main products that Zambia exported to South Korea were Refined Copper ($37.8M), Precipitated Copper ($25.7M), and Precious Metal Scraps ($14.9M). Over the past 5 years the exports of Zambia to South Korea have decreased at an annualized rate of 11.8%,  from $147M in 2017 to $78.5M in 2022.

In 2022, Zambia 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, Zambia ranked 96 in the Economic Complexity Index (ECI -0.7), and 88 in total exports ($14.8B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $1.6M and imported $2.37M from Zambia, resulting in a negative trade balance of $774k. Between October 2023 and October 2024 the exports of South Korea have decreased by $-77k (-4.59%) from $1.68M to $1.6M, while imports increased by $496k (26.4%) from $1.88M to $2.37M.

Trade In October 2024, the top exports of South Korea to Zambia were Plastics & articles thereof ($373k), Man-made filaments ($361k), Man-made staple fibres ($260k), Electrical machinery and electronics ($78k), and Machinery, mechanical appliances, & parts ($66k). In October 2024 the top imports of South Korea from Zambia were Copper articles ($6.79M), Precious stones, metals, & pearls ($1.32M), Oils seeds, oleaginous fruits, grains, straw... ($0), Pharmaceutical products ($0), and Perfumery & cosmetics ($0).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Zambia was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-141k or -82%), Machinery, mechanical appliances, & parts ($-40k or -37.7%), and Cars, tractors, trucks & parts thereof. ($-20k or -90.9%). In October 2024, 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 (October 2023 - October 2024)$-77k(-4.59%)
IMPORT GROWTH (October 2023 - October 2024)$496k(26.4%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $14.1M to Zambia. The main products exported from South Korea to Zambia were Non-Retail Synthetic Filament Yarn ($2.91M), Other Plastic Products ($2.75M), and Ethylene Polymers ($1.11M). During the last 5 years the exports of South Korea to Zambia have decreased at an annualized rate of 20.4%, from $44.1M in 2017 to $14.1M in 2022.

In 2017, Zambia exported $78.5M to South Korea. The main products exported from Zambia to South Korea were Refined Copper ($37.8M), Precipitated Copper ($25.7M), and Precious Metal Scraps ($14.9M). During the last 5 years the exports of Zambia to South Korea have decreased at an annualized rate of 11.8%, from $147M in 2022 to $78.5M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Zambia
Top DestinationSwitzerland$4.5B

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

In 2022, countries that imported more from Zambia than South Korea included Switzerland ($4.5B), Pitcairn Islands ($1.49B), and Democratic Republic of the Congo ($1.51B).

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

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 2022, South Korea had a large net trade with Zambia in the exports of Plastics and Rubbers ($5M), Textiles ($4.11M), and Machines ($2.08M).

During 2017, Zambia had a large net trade with South Korea in the exports of Metals ($63.6M), Precious Metals ($14.9M), and Vegetable Products ($23.1k).

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) (2022)

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