2022
Flag  
GDP
$107BCURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP GROWTH
-14.6%CURRENT US$
Rnk 177 / 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 
$2,999CURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP PC GROWTH
-39.6%CURRENT US$
Rnk 182 / 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

Angola-South Korea Trade: In 2022, Angola exported $637k to South Korea. The main products that Angola exported to South Korea were Raw Lead ($414k), Motor vehicles; parts and accessories (8701 to 8705) ($112k), and Gold ($63k). Over the past 5 years the exports of Angola to South Korea have decreased at an annualized rate of 69.4%, from $236M in 2017 to $637k in 2022.

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

South Korea-Angola Trade: In 2022, South Korea exported $514M to Angola. The main products that South Korea exported to Angola were Refined Petroleum ($379M), Propylene Polymers ($26.2M), and Cars ($25.2M). Over the past 5 years the exports of South Korea to Angola have increased at an annualized rate of 7.74%,  from $329M in 2017 to $514M in 2022.

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

Comparison: In 2022,  Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B). 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, Angola exported $637k to South Korea. The main products exported from Angola to South Korea were Raw Lead ($414k), Motor vehicles; parts and accessories (8701 to 8705) ($112k), and Gold ($63k). During the last 5 years the exports of Angola to South Korea have decreased at an annualized rate of 69.4%, from $236M in 2017 to $637k in 2022.

In 2017, South Korea exported $514M to Angola. The main products exported from South Korea to Angola were Refined Petroleum ($379M), Propylene Polymers ($26.2M), and Cars ($25.2M). During the last 5 years the exports of South Korea to Angola have increased at an annualized rate of 7.74%, from $329M in 2022 to $514M in 2017.

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

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

Latest Data

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

Angola Exports

South Korea Exports

Market Competitiveness

Color
Angola
Top Destination
China$21.8B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Angola than South Korea included Republic of the Congo ($143M), Gibraltar ($112M), and Malawi ($97.6M).

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

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

Comparative Advantage Angola - South Korea

Flow
Scale

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

During 2022, Angola had a large net trade with South Korea in the exports of Metals ($415k), Transportation ($112k), and Precious Metals ($63k).

During 2017, South Korea had a large net trade with Angola in the exports of Mineral Products ($379M), Machines ($42.2M), and Plastics and Rubbers ($40.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Angola South Korea+$297kGold
Top Product Potential South Korea Angola+$20.6MCars

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

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

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

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