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Pricing

2022
Flag → Flag
Exports $860kRnk 202 / 220
2022
Flag → Flag
Top Product $246kNon-Retail Synthetic Filament Yarn
2022
Flag → Flag
Exports $92kRnk 36 / 107
2022
Flag → Flag
Top Product $88kNon-Knit Men's Suits
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$2.55BCURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP GROWTH3.06%CURRENT US$
Rnk 158 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$1,107CURRENT US$
Rnk 164 / 186
2012-2022
Flag
GDP PC GROWTH-8.17%CURRENT US$
Rnk 160 / 186

About

South Korea-Lesotho Trade: In 2022, South Korea exported $860k to Lesotho. The main products that South Korea exported to Lesotho were Non-Retail Synthetic Filament Yarn ($246k), Light Rubberized Knitted Fabric ($177k), and Laboratory Reagents ($157k). Over the past 5 years the exports of South Korea to Lesotho have increased at an annualized rate of 17%, from $392k in 2017 to $860k in 2022.

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

Lesotho-South Korea Trade: In 2022, Lesotho exported $92k to South Korea. The main products that Lesotho exported to South Korea were Non-Knit Men's Suits ($88k), Non-Knit Men's Shirts ($1.88k), and Low-voltage Protection Equipment ($1.84k). Over the past 5 years the exports of Lesotho to South Korea have increased at an annualized rate of 48.1%,  from $12.9k in 2017 to $92k in 2022.

In 2022, Lesotho 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, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $0 and imported $18k from Lesotho, resulting in a negative trade balance of $18k. Between July 2023 and July 2024 the exports of South Korea have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $14k (350%) from $4k to $18k.

Trade In July 2024, the top exports of South Korea to Lesotho were Pharmaceutical products ($1.86M), Non-knitted clothing accesories ($0), and Electrical machinery and electronics ($0). In July 2024 the top imports of South Korea from Lesotho were Non-knitted clothing accesories ($109k), Electrical machinery and electronics ($1k), and Pharmaceutical products ($0).

Growth In July 2024, the change in South Korea's year-by-year exports to Lesotho was explained primarily by an decrease in product exports in . In July 2024, the increase in South Korea's year-by-year imports  from Lesotho was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$0(N/A%)
IMPORT GROWTH (July 2023 - July 2024)$14k(350%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Lesotho and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lesotho and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $860k to Lesotho. The main products exported from South Korea to Lesotho were Non-Retail Synthetic Filament Yarn ($246k), Light Rubberized Knitted Fabric ($177k), and Laboratory Reagents ($157k). During the last 5 years the exports of South Korea to Lesotho have increased at an annualized rate of 17%, from $392k in 2017 to $860k in 2022.

In 2017, Lesotho exported $92k to South Korea. The main products exported from Lesotho to South Korea were Non-Knit Men's Suits ($88k), Non-Knit Men's Shirts ($1.88k), and Low-voltage Protection Equipment ($1.84k). During the last 5 years the exports of Lesotho to South Korea have increased at an annualized rate of 48.1%, from $12.9k in 2022 to $92k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Lesotho
Top DestinationSouth Africa$434M

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

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

In 2022, countries that imported more from Lesotho than South Korea included Eswatini ($11.3M).

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

Comparative Advantage South Korea - Lesotho

Flow
Scale

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

During 2022, South Korea had a large net trade with Lesotho in the exports of Textiles ($423k), Chemical Products ($247k), and Plastics and Rubbers ($183k).

During 2017, Lesotho had a large net trade with South Korea in the exports of Textiles ($90k) and Machines ($1.98k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Lesotho+$153kLaboratory Reagents
Top Product Potential Lesotho South Korea+$183kNon-Knit Men's Suits

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

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

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