Tanzania / South Korea

Tanzania-South Korea Trade: In 2022, Tanzania exported $66M to South Korea. The main products that Tanzania exported to South Korea were Raw Tobacco ($23.2M), Copper Ore ($21.6M), and Precipitated Copper ($11.2M). Over the past 5 years the exports of Tanzania to South Korea have increased at an annualized rate of 12.2%, from $37.2M in 2017 to $66M in 2022.

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

South Korea-Tanzania Trade: In 2022, South Korea exported $344M to Tanzania. The main products that South Korea exported to Tanzania were Refined Petroleum ($113M), X-Ray Equipment ($16.1M), and Locomotive Parts ($14.4M). Over the past 5 years the exports of South Korea to Tanzania have increased at an annualized rate of 15.3%,  from $169M in 2017 to $344M in 2022.

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

Comparison: In 2022,  Tanzania ranked 116 in the Economic Complexity Index (ECI -1.08), and 104 in total exports ($10B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).