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Pricing

2022
Flag → Flag
Exports $3.64MRnk 188 / 220
2022
Flag → Flag
Top Product $651kRefined Petroleum
2022
Flag → Flag
Exports $108kRnk 46 / 117
2022
Flag → Flag
Top Product $101kCoffee
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$3.07BCURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP GROWTH31.7%CURRENT US$
Rnk 94 / 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$238CURRENT US$
Rnk 186 / 186
2012-2022
Flag
GDP PC GROWTH0.099%CURRENT US$
Rnk 140 / 186

About

South Korea-Burundi Trade: In 2022, South Korea exported $3.64M to Burundi. The main products that South Korea exported to Burundi were Refined Petroleum ($651k), Vaccines, blood, antisera, toxins and cultures ($575k), and Cars ($532k). Over the past 5 years the exports of South Korea to Burundi have decreased at an annualized rate of 8.5%, from $5.67M in 2017 to $3.64M in 2022.

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

Burundi-South Korea Trade: In 2022, Burundi exported $108k to South Korea. The main products that Burundi exported to South Korea were Coffee ($101k), Non-Knit Active Wear ($2.7k), and Knit Men's Undergarments ($855). Over the past 5 years the exports of Burundi to South Korea have decreased at an annualized rate of 23.5%,  from $410k in 2017 to $108k in 2022.

In 2022, Burundi 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, Burundi ranked 190 in total exports ($187M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $117k and imported $108k from Burundi, resulting in a positive trade balance of $9k. Between July 2023 and July 2024 the exports of South Korea have increased by $29k (33%) from $88k to $117k, while imports increased by $108k (N/A%) from $0 to $108k.

Trade In July 2024, the top exports of South Korea to Burundi were Optical, photo, & film equipment; medical... ($828k), Pharmaceutical products ($185k), Chemical products n.e.s. ($106k), Furniture, bedding, lamps, & prefab buildings ($40k), and Cars, tractors, trucks & parts thereof. ($22k). In July 2024 the top imports of South Korea from Burundi were Coffee, tea, mate & spices ($120k), Non-knitted clothing accesories ($1k), Pharmaceutical products ($0), Chemical products n.e.s. ($0), and Knitted clothing accesories ($0).

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

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$29k(33%)
IMPORT GROWTH (July 2023 - July 2024)$108k(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 Burundi and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Burundi and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $3.64M to Burundi. The main products exported from South Korea to Burundi were Refined Petroleum ($651k), Vaccines, blood, antisera, toxins and cultures ($575k), and Cars ($532k). During the last 5 years the exports of South Korea to Burundi have decreased at an annualized rate of 8.5%, from $5.67M in 2017 to $3.64M in 2022.

In 2017, Burundi exported $108k to South Korea. The main products exported from Burundi to South Korea were Coffee ($101k), Non-Knit Active Wear ($2.7k), and Knit Men's Undergarments ($855). During the last 5 years the exports of Burundi to South Korea have decreased at an annualized rate of 23.5%, from $410k in 2022 to $108k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Burundi
Top DestinationUnited Arab Emirates$59.9M

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

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

In 2022, countries that imported more from Burundi than South Korea included North Korea ($49.3k).

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

Comparative Advantage South Korea - Burundi

Flow
Scale

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

During 2022, South Korea had a large net trade with Burundi in the exports of Chemical Products ($1.16M), Mineral Products ($651k), and Transportation ($601k).

During 2017, Burundi had a large net trade with South Korea in the exports of Vegetable Products ($101k), Textiles ($5.26k), and Animal Hides ($824).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Burundi+$1.72MRefined Petroleum
Top Product Potential Burundi South Korea+$376kCoffee

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

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

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