Zambia (ZMB) and South Korea (KOR) Trade | The Observatory of Economic Complexity

About

Zambia-South Korea Trade: In 2023, Zambia exported $8.27M to South Korea. The main products that Zambia exported to South Korea were Raw Tobacco ($8.25M), Other Animals ($11.8k), and Honey ($694). Over the past 5 years the exports of Zambia to South Korea have decreased at an annualized rate of 40.3%, from $109M in 2018 to $8.27M in 2023.

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

South Korea-Zambia Trade: In 2023, South Korea exported $42.4M to Zambia. The main products that South Korea exported to Zambia were Cleaning Products ($13.1M), Ethylene Polymers ($6.26M), and Synthetic Filament Tow ($5.69M). Over the past 5 years the exports of South Korea to Zambia have decreased at an annualized rate of 3.66%, from $55M in 2018 to $42.4M in 2023.

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

Comparison: In 2023, Zambia ranked 94 in the Economic Complexity Index (ECI -0.65), and 85 in total exports ($15.9B). 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, Zambia exported $8.27M to South Korea. The main products exported from Zambia to South Korea were Raw Tobacco ($8.25M), Other Animals ($11.8k), and Honey ($694). During the last 5 years the exports of Zambia to South Korea have decreased at an annualized rate of 40.3%, from $109M in 2018 to $8.27M in 2023.

In 2018, South Korea exported $42.4M to Zambia. The main products exported from South Korea to Zambia were Cleaning Products ($13.1M), Ethylene Polymers ($6.26M), and Synthetic Filament Tow ($5.69M). During the last 5 years the exports of South Korea to Zambia have decreased at an annualized rate of 3.66%, from $55M in 2023 to $42.4M in 2018.

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

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

Latest Data

Trade between Zambia () and South Korea ()

Zambia Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Zambia
Top DestinationSwitzerland$4.26B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Zambia than South Korea included Democratic Republic of the Congo ($1.6B), Switzerland ($4.26B), and Zimbabwe ($248M).

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

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

Comparative Advantage Zambia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Zambia had a large net trade with South Korea in the exports of Foodstuffs ($8.25M), Animal Products ($12.5k), and Stone And Glass ($278).

During 2018, South Korea had a large net trade with Zambia in the exports of Chemical Products ($15.5M), Plastics and Rubbers ($12.8M), and Textiles ($6.86M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Zambia South Korea+$30.4MRefined Copper

Top Product Potential South Korea Zambia+$1.62MLaboratory Reagents

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Zambia () and South Korea ()

Zambia Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Zambia - 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 Zambia () and South Korea () (2023)

Keep Exploring