2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$21.1BCURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP GROWTH
22.7%CURRENT US$
Rnk 114 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC
$8,820CURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP PC GROWTH
-5.65%CURRENT US$
Rnk 156 / 186

About

South Korea-Gabon Trade: In 2022, South Korea exported $11M to Gabon. The main products that South Korea exported to Gabon were Cars ($6.16M), Delivery Trucks ($698k), and Other Nitrogen Compounds ($675k). Over the past 5 years the exports of South Korea to Gabon have decreased at an annualized rate of 3.47%, from $13.1M in 2017 to $11M in 2022.

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

Gabon-South Korea Trade: In 2022, Gabon exported $617M to South Korea. The main products that Gabon exported to South Korea were Crude Petroleum ($604M), Manganese Ore ($8.44M), and Sawn Wood ($2.68M). Over the past 5 years the exports of Gabon to South Korea have increased at an annualized rate of 46.8%,  from $90.3M in 2017 to $617M in 2022.

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

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $11M to Gabon. The main products exported from South Korea to Gabon were Cars ($6.16M), Delivery Trucks ($698k), and Other Nitrogen Compounds ($675k). During the last 5 years the exports of South Korea to Gabon have decreased at an annualized rate of 3.47%, from $13.1M in 2017 to $11M in 2022.

In 2017, Gabon exported $617M to South Korea. The main products exported from Gabon to South Korea were Crude Petroleum ($604M), Manganese Ore ($8.44M), and Sawn Wood ($2.68M). During the last 5 years the exports of Gabon to South Korea have increased at an annualized rate of 46.8%, from $90.3M in 2022 to $617M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Gabon
Top Destination
China$3.4B

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

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

In 2022, countries that imported more from Gabon than South Korea included Sao Tome and Principe ($1.73M).

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

Comparative Advantage South Korea - Gabon

Flow
Scale

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

During 2022, South Korea had a large net trade with Gabon in the exports of Transportation ($7.33M), Machines ($1.49M), and Chemical Products ($1.06M).

During 2017, Gabon had a large net trade with South Korea in the exports of Mineral Products ($613M), Wood Products ($3.68M), and Metals ($74k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Gabon+$3.75MCars
Top Product Potential Gabon South Korea+$77.9MCrude Petroleum

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 South Korea and Gabon. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Gabon. Similarly, a dot/product with the flag of Gabon indicates it has a comparative advantage over South Korea.

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

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