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2022
Flag → Flag
Exports $226MRnk 91 / 220
2022
Flag → Flag
Top Product $163MRefined Petroleum
2022
Flag → Flag
Exports $143MRnk 12 / 126
2022
Flag → Flag
Top Product $141MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.01Rnk 113 / 133
2022
Flag  
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$44.3BCURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP GROWTH47%CURRENT US$
Rnk 70 / 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$1,588CURRENT US$
Rnk 156 / 186
2012-2022
Flag
GDP PC GROWTH10.8%CURRENT US$
Rnk 113 / 186

About

South Korea-Cameroon Trade: In 2022, South Korea exported $226M to Cameroon. The main products that South Korea exported to Cameroon were Refined Petroleum ($163M), Packaged Medicaments ($12.8M), and Vaccines, blood, antisera, toxins and cultures ($9.85M). Over the past 5 years the exports of South Korea to Cameroon have increased at an annualized rate of 49.7%, from $30M in 2017 to $226M in 2022.

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

Cameroon-South Korea Trade: In 2022, Cameroon exported $143M to South Korea. The main products that Cameroon exported to South Korea were Petroleum Gas ($141M), Computers ($967k), and Scrap Copper ($537k). Over the past 5 years the exports of Cameroon to South Korea have increased at an annualized rate of 17.9%,  from $53.2M in 2017 to $143M in 2022.

In 2022, Cameroon 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, Cameroon ranked 113 in the Economic Complexity Index (ECI -1.01), and 117 in total exports ($6.95B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $3.45M and imported $2.86M from Cameroon, resulting in a positive trade balance of $594k. Between July 2023 and July 2024 the exports of South Korea have increased by $1.74M (101%) from $1.71M to $3.45M, while imports increased by $2.45M (602%) from $407k to $2.86M.

Trade In July 2024, the top exports of South Korea to Cameroon were Mineral fuels, mineral oils and products... ($29.2M), Plastics & articles thereof ($780k), Pharmaceutical products ($351k), Man-made staple fibres ($205k), and Machinery, mechanical appliances, & parts ($172k). In July 2024 the top imports of South Korea from Cameroon were Copper articles ($285k), Cars, tractors, trucks & parts thereof. ($5k), Electrical machinery and electronics ($2k), Furniture, bedding, lamps, & prefab buildings ($1k), and Fish, crustaceans, & molluscs ($0).

Growth In July 2024, the increase in South Korea's year-by-year exports to Cameroon was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($102k or 146%), Man-made staple fibres ($77k or 60.2%), and Optical, photo, & film equipment; medical... ($30k or 750%). In July 2024, the increase in South Korea's year-by-year imports  from Cameroon was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$1.74M(101%)
IMPORT GROWTH (July 2023 - July 2024)$2.45M(602%)

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

For full datasets download visit Bulk Download page.

Explore Cameroon and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $226M to Cameroon. The main products exported from South Korea to Cameroon were Refined Petroleum ($163M), Packaged Medicaments ($12.8M), and Vaccines, blood, antisera, toxins and cultures ($9.85M). During the last 5 years the exports of South Korea to Cameroon have increased at an annualized rate of 49.7%, from $30M in 2017 to $226M in 2022.

In 2017, Cameroon exported $143M to South Korea. The main products exported from Cameroon to South Korea were Petroleum Gas ($141M), Computers ($967k), and Scrap Copper ($537k). During the last 5 years the exports of Cameroon to South Korea have increased at an annualized rate of 17.9%, from $53.2M in 2022 to $143M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Cameroon
Top DestinationNetherlands$1.31B

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

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

In 2022, countries that imported more from Cameroon than South Korea included Central African Republic ($243M).

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

Comparative Advantage South Korea - Cameroon

Flow
Scale

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

During 2022, South Korea had a large net trade with Cameroon in the exports of Mineral Products ($163M), Chemical Products ($27.5M), and Plastics and Rubbers ($24.3M).

During 2017, Cameroon had a large net trade with South Korea in the exports of Mineral Products ($141M), Machines ($1.12M), and Metals ($538k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Cameroon+$3.78MCars
Top Product Potential Cameroon South Korea+$79.4MPetroleum Gas

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

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

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