Zimbabwe (ZWE) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Zimbabwe-South Korea Trade: In 2022, Zimbabwe exported $3.18M to South Korea. The main products that Zimbabwe exported to South Korea were Raw Tobacco ($2.78M), Sculptures ($195k), and Other live plants, cuttings and slips; mushroom spawn ($40.7k). Over the past 5 years the exports of Zimbabwe to South Korea have decreased at an annualized rate of 27.1%, from $15.4M in 2017 to $3.18M in 2022.

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

South Korea-Zimbabwe Trade: In 2022, South Korea exported $21.3M to Zimbabwe. The main products that South Korea exported to Zimbabwe were Cyanides ($6.16M), Ethylene Polymers ($1.6M), and Laboratory Reagents ($1.42M). Over the past 5 years the exports of South Korea to Zimbabwe have decreased at an annualized rate of 3.36%, from $25.3M in 2017 to $21.3M in 2022.

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

Comparison: In 2022, Zimbabwe ranked 99 in the Economic Complexity Index (ECI -0.74), and 109 in total exports ($8.41B). 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, Zimbabwe exported $3.18M to South Korea. The main products exported from Zimbabwe to South Korea were Raw Tobacco ($2.78M), Sculptures ($195k), and Other live plants, cuttings and slips; mushroom spawn ($40.7k). During the last 5 years the exports of Zimbabwe to South Korea have decreased at an annualized rate of 27.1%, from $15.4M in 2017 to $3.18M in 2022.

In 2017, South Korea exported $21.3M to Zimbabwe. The main products exported from South Korea to Zimbabwe were Cyanides ($6.16M), Ethylene Polymers ($1.6M), and Laboratory Reagents ($1.42M). During the last 5 years the exports of South Korea to Zimbabwe have decreased at an annualized rate of 3.36%, from $25.3M in 2022 to $21.3M in 2017.

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

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

Latest Data

Trade between Zimbabwe () and South Korea ()

Zimbabwe Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Zimbabwe
Top DestinationUnited Arab Emirates$4.78B

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Zimbabwe than South Korea included United Arab Emirates ($4.78B), South Africa ($1.47B), and Zambia ($102M).

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

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

Comparative Advantage Zimbabwe - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Zimbabwe had a large net trade with South Korea in the exports of Foodstuffs ($2.78M), Arts and Antiques ($204k), and Vegetable Products ($85.3k).

During 2017, South Korea had a large net trade with Zimbabwe in the exports of Chemical Products ($10.5M), Plastics and Rubbers ($4.98M), and Machines ($2.08M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Zimbabwe South Korea+$3.8MRaw Tobacco

Top Product Potential South Korea Zimbabwe+$2.1MCars

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Zimbabwe () and South Korea ()

Zimbabwe Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Zimbabwe - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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