Senegal (SEN) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Senegal-South Korea Trade: In 2022, Senegal exported $86.4M to South Korea. The main products that Senegal exported to South Korea were Molluscs ($52.1M), Non-fillet Frozen Fish ($15.8M), and Titanium Ore ($5.63M). Over the past 5 years the exports of Senegal to South Korea have increased at an annualized rate of 9.27%, from $55.5M in 2017 to $86.4M in 2022.

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

South Korea-Senegal Trade: In 2022, South Korea exported $104M to Senegal. The main products that South Korea exported to Senegal were Cars ($15.3M), Plastic Lids ($11M), and Propylene Polymers ($6.23M). Over the past 5 years the exports of South Korea to Senegal have decreased at an annualized rate of 0.18%, from $105M in 2017 to $104M in 2022.

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

Comparison: In 2022, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B). 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, Senegal exported $86.4M to South Korea. The main products exported from Senegal to South Korea were Molluscs ($52.1M), Non-fillet Frozen Fish ($15.8M), and Titanium Ore ($5.63M). During the last 5 years the exports of Senegal to South Korea have increased at an annualized rate of 9.27%, from $55.5M in 2017 to $86.4M in 2022.

In 2017, South Korea exported $104M to Senegal. The main products exported from South Korea to Senegal were Cars ($15.3M), Plastic Lids ($11M), and Propylene Polymers ($6.23M). During the last 5 years the exports of South Korea to Senegal have decreased at an annualized rate of 0.18%, from $105M in 2022 to $104M in 2017.

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

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

Latest Data

Trade between Senegal () and South Korea ()

Senegal Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Senegal
Top DestinationMali$1.13B

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Senegal than South Korea included Mali ($1.13B), Gambia ($177M), and Guinea ($182M).

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

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

Comparative Advantage Senegal - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Senegal had a large net trade with South Korea in the exports of Animal Products ($67.9M), Metals ($8.49M), and Mineral Products ($5.63M).

During 2017, South Korea had a large net trade with Senegal in the exports of Plastics and Rubbers ($36.8M), Machines ($20.7M), and Transportation ($19.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Senegal South Korea+$9.08MNon-fillet Frozen Fish

Top Product Potential South Korea Senegal+$12.8MCars

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Senegal () and South Korea ()

Senegal Exports

South Korea Exports

Market Competitiveness

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

Comparative Advantage Senegal - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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