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2022
Flag → Flag
Exports $514MRnk 69 / 220
2022
Flag → Flag
Top Product $379MRefined Petroleum
2022
Flag → Flag
Exports $637kRnk 75 / 150
2022
Flag → Flag
Top Product $414kRaw Lead
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI -1.55Rnk 126 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$107BCURRENT US$
Rnk 67 / 186
2012-2022
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GDP GROWTH-14.6%CURRENT US$
Rnk 177 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$2,999CURRENT US$
Rnk 135 / 186
2012-2022
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GDP PC GROWTH-39.6%CURRENT US$
Rnk 182 / 186

About

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 9.36%, from $329M in 2017 to $514M in 2022.

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

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.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $89.4M and imported $2k from Angola, resulting in a positive trade balance of $89.4M. Between July 2023 and July 2024 the exports of South Korea have increased by $73.6M (465%) from $15.8M to $89.4M, while imports increased by $2k (N/A%) from $0 to $2k.

Trade In July 2024, the top exports of South Korea to Angola were Plastics & articles thereof ($2.76M), Machinery, mechanical appliances, & parts ($2.18M), Cars, tractors, trucks & parts thereof. ($1.66M), Pharmaceutical products ($797k), and Aluminum articles ($789k). In July 2024 the top imports of South Korea from Angola were Aluminum articles ($4k), Fish, crustaceans, & molluscs ($1k), Knitted clothing accesories ($1k), Miscellaneous edible preparations ($0), and Mineral fuels, mineral oils and products... ($0).

Growth In July 2024, the increase in South Korea's year-by-year exports to Angola was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($1.04M or 91.8%), Chemical products n.e.s. ($10k or 200%), and Electrical machinery and electronics ($3k or 60%). In July 2024, the increase in South Korea's year-by-year imports  from Angola was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$73.6M(465%)
IMPORT GROWTH (July 2023 - July 2024)$2k(N/A%)

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 Angola and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Angola and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 9.36%, from $329M in 2017 to $514M in 2022.

In 2017, 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 2022 to $637k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Angola
Top DestinationChina$21.8B

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

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

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

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

Comparative Advantage South Korea - Angola

Flow
Scale

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

During 2022, 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).

During 2017, Angola had a large net trade with South Korea in the exports of Metals ($415k), Transportation ($112k), and Precious Metals ($63k).

Potential Exports

Potential Exports

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

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

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

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