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

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Namibia-South Korea Trade: In 2022, Namibia exported $10.7M to South Korea. The main products that Namibia exported to South Korea were Raw Copper ($7M), Non-fillet Frozen Fish ($2.49M), and Crustaceans ($591k). Over the past 5 years the exports of Namibia to South Korea have decreased at an annualized rate of 15.8%, from $25.2M in 2017 to $10.7M in 2022.

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

South Korea-Namibia Trade: In 2022, South Korea exported $11.1M to Namibia. The main products that South Korea exported to Namibia were Sulfuric Acid ($4.18M), Electrical Transformers ($1.16M), and Cars ($907k). Over the past 5 years the exports of South Korea to Namibia have increased at an annualized rate of 2.16%, from $9.6M in 2017 to $11.1M in 2022.

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

Comparison: In 2022, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Namibia exported $10.7M to South Korea. The main products exported from Namibia to South Korea were Raw Copper ($7M), Non-fillet Frozen Fish ($2.49M), and Crustaceans ($591k). During the last 5 years the exports of Namibia to South Korea have decreased at an annualized rate of 15.8%, from $25.2M in 2017 to $10.7M in 2022.

In 2017, South Korea exported $11.1M to Namibia. The main products exported from South Korea to Namibia were Sulfuric Acid ($4.18M), Electrical Transformers ($1.16M), and Cars ($907k). During the last 5 years the exports of South Korea to Namibia have increased at an annualized rate of 2.16%, from $9.6M in 2022 to $11.1M in 2017.

Exports from Namibia () to South Korea () (2022)

Exports from South Korea () to Namibia () (2022)

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$1.75B

South Korea
Top DestinationChina$150B

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 2022, countries that imported more from Namibia than South Korea included Botswana ($672M), South Africa ($1.75B), and Zambia ($279M).

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

Difference in imports from South Korea () and Namibia () (2022)

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 2022, Namibia had a large net trade with South Korea in the exports of Metals ($7M), Animal Products ($3.13M), and Foodstuffs ($238k).

During 2017, South Korea had a large net trade with Namibia in the exports of Chemical Products ($4.27M), Machines ($3.35M), and Transportation ($1.55M).

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.

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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 () (2022)

Exports from South Korea () to Namibia () (2022)

Latest Data

Trade between Namibia () and South Korea ()

Namibia Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Namibia () (2022)

Comparative Advantage Namibia - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Namibia () and South Korea () (2022)

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