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Pricing

2022
Flag → Flag
Exports $21.3MRnk 156 / 220
2022
Flag → Flag
Top Product $6.16MCyanides
2022
Flag → Flag
Exports $3.18MRnk 50 / 139
2022
Flag → Flag
Top Product $2.78MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.74Rnk 99 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$20.7BCURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP GROWTH20.8%CURRENT US$
Rnk 121 / 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$1,267CURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP PC GROWTH-1.8%CURRENT US$
Rnk 147 / 186

About

South Korea-Zimbabwe Trade: In 2022, South Korea exported $21.3M to Zimbabwe. The main products that South Korea exported to Zimbabwe were Cyanides ($6.16M), Ethylene Polymers ($1.6M), and Laboratory Reagents ($1.42M). Over the past 5 years the exports of South Korea to Zimbabwe have decreased at an annualized rate of 3.36%, from $25.3M in 2017 to $21.3M in 2022.

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

Zimbabwe-South Korea Trade: In 2022, Zimbabwe exported $3.18M to South Korea. The main products that Zimbabwe exported to South Korea were Raw Tobacco ($2.78M), Sculptures ($195k), and Other live plants, cuttings and slips; mushroom spawn ($40.7k). Over the past 5 years the exports of Zimbabwe to South Korea have decreased at an annualized rate of 27.1%,  from $15.4M in 2017 to $3.18M in 2022.

In 2022, Zimbabwe 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, Zimbabwe ranked 99 in the Economic Complexity Index (ECI -0.74), and 109 in total exports ($8.41B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $2.72M and imported $626k from Zimbabwe, resulting in a positive trade balance of $2.1M. Between September 2023 and September 2024 the exports of South Korea have increased by $1.75M (180%) from $971k to $2.72M, while imports decreased by $-71k (-10.2%) from $697k to $626k.

Trade In September 2024, the top exports of South Korea to Zimbabwe were Pharmaceutical products ($626k), Inorganic chemicals ($229k), Electrical machinery and electronics ($223k), Plastics & articles thereof ($117k), and Cars, tractors, trucks & parts thereof. ($99k). In September 2024 the top imports of South Korea from Zimbabwe were Tobacco & substitutes ($1.05M), Live trees, plants, bulbs, cut flowers,... ($7k), Electrical machinery and electronics ($3k), Oils seeds, oleaginous fruits, grains, straw... ($0), and Inorganic chemicals ($0).

Growth In September 2024, the increase in South Korea's year-by-year exports to Zimbabwe was explained primarily by an increase in product exports in Pharmaceutical products ($300k or 92%), Electrical machinery and electronics ($103k or 85.8%), and Soap, cleaners, candles, dental, modelling pastes ($87k or 870%). In September 2024, the decrease in South Korea's year-by-year imports  from Zimbabwe was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$1.75M(180%)
IMPORT GROWTH (September 2023 - September 2024)$-71k(-10.2%)

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

For full datasets download visit Bulk Download page.

Explore Zimbabwe and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $21.3M to Zimbabwe. The main products exported from South Korea to Zimbabwe were Cyanides ($6.16M), Ethylene Polymers ($1.6M), and Laboratory Reagents ($1.42M). During the last 5 years the exports of South Korea to Zimbabwe have decreased at an annualized rate of 3.36%, from $25.3M in 2017 to $21.3M in 2022.

In 2017, Zimbabwe exported $3.18M to South Korea. The main products exported from Zimbabwe to South Korea were Raw Tobacco ($2.78M), Sculptures ($195k), and Other live plants, cuttings and slips; mushroom spawn ($40.7k). During the last 5 years the exports of Zimbabwe to South Korea have decreased at an annualized rate of 27.1%, from $15.4M in 2022 to $3.18M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Zimbabwe
Top DestinationUnited Arab Emirates$4.78B

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

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

In 2022, countries that imported more from Zimbabwe than South Korea included United Arab Emirates ($4.78B), South Africa ($1.47B), and Zambia ($102M).

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

Comparative Advantage South Korea - Zimbabwe

Flow
Scale

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

During 2022, South Korea had a large net trade with Zimbabwe in the exports of Chemical Products ($10.5M), Plastics and Rubbers ($4.98M), and Machines ($2.08M).

During 2017, Zimbabwe had a large net trade with South Korea in the exports of Foodstuffs ($2.78M), Arts and Antiques ($204k), and Vegetable Products ($85.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Zimbabwe+$2.1MCars
Top Product Potential Zimbabwe South Korea+$3.8MRaw Tobacco

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

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

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