2022
Flag  
GDP
$14BCURRENT US$
Rnk 134 / 186
2012-2022
Flag
GDP GROWTH
48.2%CURRENT US$
Rnk 68 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$533CURRENT US$
Rnk 181 / 186
2012-2022
Flag
GDP PC GROWTH
1.52%CURRENT US$
Rnk 135 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Niger-South Korea Trade: In 2022, Niger exported $9.16M to South Korea. The main products that Niger exported to South Korea were Passenger and Cargo Ships ($7.65M), Other Oily Seeds ($1.41M), and Machinery Having Individual Functions ($21k). Over the past 5 years the exports of Niger to South Korea have decreased at an annualized rate of 32.3%, from $64.5M in 2017 to $9.16M in 2022.

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

South Korea-Niger Trade: In 2022, South Korea exported $27.5M to Niger. The main products that South Korea exported to Niger were Delivery Trucks ($11.4M), Vaccines, blood, antisera, toxins and cultures ($8.36M), and Refined Petroleum ($2.45M). Over the past 5 years the exports of South Korea to Niger have increased at an annualized rate of 27.8%,  from $8.08M in 2017 to $27.5M in 2022.

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

Comparison: In 2022,  Niger ranked 97 in the Economic Complexity Index (ECI -0.71), and 136 in total exports ($3.24B). 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
Value

In 2022, Niger exported $9.16M to South Korea. The main products exported from Niger to South Korea were Passenger and Cargo Ships ($7.65M), Other Oily Seeds ($1.41M), and Machinery Having Individual Functions ($21k). During the last 5 years the exports of Niger to South Korea have decreased at an annualized rate of 32.3%, from $64.5M in 2017 to $9.16M in 2022.

In 2017, South Korea exported $27.5M to Niger. The main products exported from South Korea to Niger were Delivery Trucks ($11.4M), Vaccines, blood, antisera, toxins and cultures ($8.36M), and Refined Petroleum ($2.45M). During the last 5 years the exports of South Korea to Niger have increased at an annualized rate of 27.8%, from $8.08M in 2022 to $27.5M in 2017.

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

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

Latest Data

Trade between Niger (Flag) and South Korea (Flag)

Niger Exports

South Korea Exports

Market Competitiveness

Color
Niger
Top Destination
United Arab Emirates$2.23B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Niger than South Korea included Mali ($79.3M) and Chad ($7.89M).

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

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

Comparative Advantage Niger - South Korea

Flow
Scale

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

During 2022, Niger had a large net trade with South Korea in the exports of Transportation ($7.65M), Vegetable Products ($1.43M), and Machines ($29.5k).

During 2017, South Korea had a large net trade with Niger in the exports of Transportation ($13.3M), Chemical Products ($8.59M), and Mineral Products ($2.45M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Niger South Korea+$1.64MOther Oily Seeds
Top Product Potential South Korea Niger+$2.74MRefined Petroleum

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

This visualization shows the product space at the HS4 level with the flags of Niger and South Korea. This means that a dot/product with the flag of Niger 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 Niger.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with