Uganda (UGA) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Uganda-South Korea Trade: In 2023, Uganda exported $7.18M to South Korea. The main products that Uganda exported to South Korea were Raw Tobacco ($4.21M), Coffee ($2.59M), and Other Oily Seeds ($247k). Over the past 5 years the exports of Uganda to South Korea have increased at an annualized rate of 2.84%, from $6.24M in 2018 to $7.18M in 2023.

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

South Korea-Uganda Trade: In 2023, South Korea exported $68.2M to Uganda. The main products that South Korea exported to Uganda were Refined Petroleum ($12.4M), Other Nitrogen Compounds ($8.67M), and Polyacetals ($4.8M). Over the past 5 years the exports of South Korea to Uganda have increased at an annualized rate of 3.28%, from $58M in 2018 to $68.2M in 2023.

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

Comparison: In 2023, Uganda ranked 91 in the Economic Complexity Index (ECI -0.62), and 116 in total exports ($7.12B). 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, Uganda exported $7.18M to South Korea. The main products exported from Uganda to South Korea were Raw Tobacco ($4.21M), Coffee ($2.59M), and Other Oily Seeds ($247k). During the last 5 years the exports of Uganda to South Korea have increased at an annualized rate of 2.84%, from $6.24M in 2018 to $7.18M in 2023.

In 2018, South Korea exported $68.2M to Uganda. The main products exported from South Korea to Uganda were Refined Petroleum ($12.4M), Other Nitrogen Compounds ($8.67M), and Polyacetals ($4.8M). During the last 5 years the exports of South Korea to Uganda have increased at an annualized rate of 3.28%, from $58M in 2023 to $68.2M in 2018.

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

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

Latest Data

Trade between Uganda () and South Korea ()

Uganda Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uganda
Top DestinationIndia$1.5B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Uganda than South Korea included South Sudan ($536M), Democratic Republic of the Congo ($411M), and Rwanda ($280M).

In 2023, countries that imported more from South Korea than Uganda included China ($162B), United States ($118B), and Japan ($28.4B).

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

Comparative Advantage Uganda - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uganda had a large net trade with South Korea in the exports of Foodstuffs ($4.21M), Vegetable Products ($2.92M), and Chemical Products ($30.9k).

During 2018, South Korea had a large net trade with Uganda in the exports of Chemical Products ($17.8M), Mineral Products ($13.7M), and Plastics and Rubbers ($13.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uganda South Korea+$9.06MCoffee

Top Product Potential South Korea Uganda+$4.8MVaccines, blood, antisera, toxins and cultures

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 Uganda and South Korea. This means that a dot/product with the flag of Uganda 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 Uganda.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Uganda () and South Korea ()

Uganda Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Uganda - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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