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2022
Flag → Flag
Exports $477MRnk 71 / 220
2022
Flag → Flag
Top Product $177MRefined Petroleum
2022
Flag → Flag
Exports $58.9MRnk 28 / 180
2022
Flag → Flag
Top Product $31.1MCoffee
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 87 / 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$113BCURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 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$2,099CURRENT US$
Rnk 148 / 186
2012-2022
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GDP PC GROWTH62.8%CURRENT US$
Rnk 24 / 186

About

South Korea-Kenya Trade: In 2022, South Korea exported $477M to Kenya. The main products that South Korea exported to Kenya were Refined Petroleum ($177M), Hot-Rolled Iron ($37.8M), and Ethylene Polymers ($23.5M). Over the past 5 years the exports of South Korea to Kenya have increased at an annualized rate of 16%, from $228M in 2017 to $477M in 2022.

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

Kenya-South Korea Trade: In 2022, Kenya exported $58.9M to South Korea. The main products that Kenya exported to South Korea were Coffee ($31.1M), Titanium Ore ($12M), and Scrap Copper ($7.11M). Over the past 5 years the exports of Kenya to South Korea have increased at an annualized rate of 17.3%,  from $26.5M in 2017 to $58.9M in 2022.

In 2022, Kenya 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, Kenya ranked 87 in the Economic Complexity Index (ECI -0.5), and 115 in total exports ($7.34B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $9.05M and imported $6.04M from Kenya, resulting in a positive trade balance of $3.01M. Between July 2023 and July 2024 the exports of South Korea have decreased by $-2.24M (-19.8%) from $11.3M to $9.05M, while imports increased by $1.18M (24.3%) from $4.86M to $6.04M.

Trade In July 2024, the top exports of South Korea to Kenya were Iron & steel ($3.82M), Plastics & articles thereof ($2.35M), Pharmaceutical products ($2.28M), Machinery, mechanical appliances, & parts ($1.29M), and Zinc articles ($1.29M). In July 2024 the top imports of South Korea from Kenya were Copper articles ($4.15M), Coffee, tea, mate & spices ($1.03M), Ores, slag and ash ($802k), Aluminum articles ($263k), and Non-knitted clothing accesories ($235k).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Kenya was explained primarily by an decrease in product exports in Plastics & articles thereof ($-5.82M or -71.2%), Iron & steel ($-5.16M or -57.5%), and Inorganic chemicals ($-768k or -78.9%). In July 2024, the increase in South Korea's year-by-year imports  from Kenya was explained primarily by an increase in product imports  in Copper articles ($830k or 25%), Ores, slag and ash ($606k or 309%), and Non-knitted clothing accesories ($27k or 13%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-2.24M(-19.8%)
IMPORT GROWTH (July 2023 - July 2024)$1.18M(24.3%)

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

For full datasets download visit Bulk Download page.

Explore Kenya and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $477M to Kenya. The main products exported from South Korea to Kenya were Refined Petroleum ($177M), Hot-Rolled Iron ($37.8M), and Ethylene Polymers ($23.5M). During the last 5 years the exports of South Korea to Kenya have increased at an annualized rate of 16%, from $228M in 2017 to $477M in 2022.

In 2017, Kenya exported $58.9M to South Korea. The main products exported from Kenya to South Korea were Coffee ($31.1M), Titanium Ore ($12M), and Scrap Copper ($7.11M). During the last 5 years the exports of Kenya to South Korea have increased at an annualized rate of 17.3%, from $26.5M in 2022 to $58.9M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Kenya
Top DestinationUnited States$722M

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

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

In 2022, countries that imported more from Kenya than South Korea included Uganda ($677M), Rwanda ($439M), and South Sudan ($170M).

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

Comparative Advantage South Korea - Kenya

Flow
Scale

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

During 2022, South Korea had a large net trade with Kenya in the exports of Mineral Products ($190M), Plastics and Rubbers ($83.2M), and Metals ($74.4M).

During 2017, Kenya had a large net trade with South Korea in the exports of Vegetable Products ($32.1M), Mineral Products ($12M), and Metals ($8.62M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Kenya+$97.7MRefined Petroleum
Top Product Potential Kenya South Korea+$6.4MCoffee

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

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

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