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2023
Flag → Flag
Exports $11.8MRnk 123 / 142
2023
Flag → Flag
Top Product $1.99MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $17.9MRnk 27 / 143
2023
Flag → Flag
Top Product $17.9MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.98Rnk 110 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$35.2BCURRENT US$
Rnk 103 / 195
2013-2023
Flag
GDP GROWTH84.5%CURRENT US$
Rnk 27 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$2,156CURRENT US$
Rnk 154 / 196
2013-2023
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GDP PC GROWTH58.3%CURRENT US$
Rnk 33 / 195

About

South Korea-Zimbabwe Trade: In 2023, South Korea exported $11.8M to Zimbabwe. The main products that South Korea exported to Zimbabwe were Vaccines, blood, antisera, toxins and cultures ($1.99M), Electric Batteries ($1.23M), and Ethylene Polymers ($1.13M). Over the past 5 years the exports of South Korea to Zimbabwe have decreased at an annualized rate of 16.4%, from $29.1M in 2018 to $11.8M in 2023.

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

Zimbabwe-South Korea Trade: In 2023, Zimbabwe exported $17.9M to South Korea. The main products that Zimbabwe exported to South Korea were Raw Tobacco ($17.9M), Other Pure Vegetable Oils ($941), and Other Mineral ($10). Over the past 5 years the exports of Zimbabwe to South Korea have increased at an annualized rate of 29.5%,  from $4.91M in 2018 to $17.9M in 2023.

In 2023, Zimbabwe 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, Zimbabwe ranked 110 in the Economic Complexity Index (ECI -0.98), and 106 in total exports ($9.05B).

Latest Trends

January, 2025

About

Overview In January 2025, South Korea exported $1.06M and imported $673k from Zimbabwe, resulting in a positive trade balance of $383k. Between January 2024 and January 2025 the exports of South Korea have decreased by $-3.25M (-75.5%) from $4.31M to $1.06M, while imports decreased by $-7.89M (-92.1%) from $8.56M to $673k.

Trade In January 2025, the top exports of South Korea to Zimbabwe were Pharmaceutical products ($3.11M), Inorganic chemicals ($842k), Plastics & articles thereof ($162k), Cars, tractors, trucks & parts thereof. ($75k), and Machinery, mechanical appliances, & parts ($40k). In January 2025 the top imports of South Korea from Zimbabwe were Tobacco & substitutes ($8.48M), Salt, sulphur, cement, lime, stone, &... ($72k), Live trees, plants, bulbs, cut flowers,... ($8k), Machinery, mechanical appliances, & parts ($1k), and Inorganic chemicals ($0).

Growth In January 2025, the decrease in South Korea's year-by-year exports to Zimbabwe was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-222k or -99.6%) and Cars, tractors, trucks & parts thereof. ($-24k or -24.2%). In January 2025, the decrease in South Korea's year-by-year imports  from Zimbabwe was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-3k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$-3.25M(-75.5%)
IMPORT GROWTH (January 2024 - January 2025)$-7.89M(-92.1%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $11.8M to Zimbabwe. The main products exported from South Korea to Zimbabwe were Vaccines, blood, antisera, toxins and cultures ($1.99M), Electric Batteries ($1.23M), and Ethylene Polymers ($1.13M). During the last 5 years the exports of South Korea to Zimbabwe have decreased at an annualized rate of 16.4%, from $29.1M in 2018 to $11.8M in 2023.

In 2018, Zimbabwe exported $17.9M to South Korea. The main products exported from Zimbabwe to South Korea were Raw Tobacco ($17.9M), Other Pure Vegetable Oils ($941), and Other Mineral ($10). During the last 5 years the exports of Zimbabwe to South Korea have increased at an annualized rate of 29.5%, from $4.91M in 2023 to $17.9M in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Zimbabwe
Top DestinationUnited Arab Emirates$4.1B

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

In 2023, countries that imported more from Zimbabwe than South Korea included South Africa ($1.39B), Mozambique ($391M), and Zambia ($140M).

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

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 2023, South Korea had a large net trade with Zimbabwe in the exports of Chemical Products ($4.94M), Plastics and Rubbers ($3.48M), and Machines ($2.53M).

During 2018, Zimbabwe had a large net trade with South Korea in the exports of Foodstuffs ($17.9M), Animal and Vegetable Bi-Products ($941), and Mineral Products ($10).

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) (2023)

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