Namibia (NAM) and South Korea (KOR) Trade | The Observatory of Economic Complexity

About

Namibia-South Korea Trade: In 2023, Namibia exported $935k to South Korea. The main products that Namibia exported to South Korea were Non-fillet Frozen Fish ($487k), Wood Charcoal ($178k), and Perfume Plants ($61.8k). Over the past 5 years the exports of Namibia to South Korea have decreased at an annualized rate of 50.3%, from $30.7M in 2018 to $935k in 2023.

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

South Korea-Namibia Trade: In 2023, South Korea exported $22.1M to Namibia. The main products that South Korea exported to Namibia were Electrical Transformers ($14.6M), Cars ($990k), and Broadcasting Equipment ($851k). Over the past 5 years the exports of South Korea to Namibia have increased at an annualized rate of 10.5%, from $13.4M in 2018 to $22.1M in 2023.

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

Comparison: In 2023, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Namibia exported $935k to South Korea. The main products exported from Namibia to South Korea were Non-fillet Frozen Fish ($487k), Wood Charcoal ($178k), and Perfume Plants ($61.8k). During the last 5 years the exports of Namibia to South Korea have decreased at an annualized rate of 50.3%, from $30.7M in 2018 to $935k in 2023.

In 2018, South Korea exported $22.1M to Namibia. The main products exported from South Korea to Namibia were Electrical Transformers ($14.6M), Cars ($990k), and Broadcasting Equipment ($851k). During the last 5 years the exports of South Korea to Namibia have increased at an annualized rate of 10.5%, from $13.4M in 2023 to $22.1M in 2018.

Exports from Namibia () to South Korea () (2023)

Exports from South Korea () to Namibia () (2023)

Latest Data

Trade between Namibia () and South Korea ()

Namibia Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Namibia
Top DestinationSouth Africa$1.71B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Namibia than South Korea included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

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

Difference in imports from South Korea () and Namibia () (2023)

Comparative Advantage Namibia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Namibia had a large net trade with South Korea in the exports of Animal Products ($487k), Wood Products ($178k), and Metals ($87.4k).

During 2018, South Korea had a large net trade with Namibia in the exports of Machines ($18.6M), Transportation ($1.61M), and Plastics and Rubbers ($561k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Namibia South Korea+$3.14MNon-fillet Frozen Fish

Top Product Potential South Korea Namibia+$1.93MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Namibia and South Korea. This means that a dot/product with the flag of Namibia indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Namibia.

About

Historical Data

Bilateral Trade by Products

Exports from Namibia () to South Korea () (2023)

Exports from South Korea () to Namibia () (2023)

Latest Data

Trade between Namibia () and South Korea ()

Namibia Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Namibia () (2023)

Comparative Advantage Namibia - South Korea

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Namibia () and South Korea () (2023)

Keep Exploring