Sign In
Pricing

2022
Flag → Flag
Exports $11.1MRnk 168 / 220
2022
Flag → Flag
Top Product $4.18MSulfuric Acid
2022
Flag → Flag
Exports $10.7MRnk 32 / 173
2022
Flag → Flag
Top Product $7MRaw Copper
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.63Rnk 94 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH-3.33%CURRENT US$
Rnk 168 / 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$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH-18.4%CURRENT US$
Rnk 170 / 186

About

South Korea-Namibia Trade: In 2022, South Korea exported $11.1M to Namibia. The main products that South Korea exported to Namibia were Sulfuric Acid ($4.18M), Electrical Transformers ($1.16M), and Cars ($907k). Over the past 5 years the exports of South Korea to Namibia have increased at an annualized rate of 3.04%, from $9.6M in 2017 to $11.1M in 2022.

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

Namibia-South Korea Trade: In 2022, Namibia exported $10.7M to South Korea. The main products that Namibia exported to South Korea were Raw Copper ($7M), Non-fillet Frozen Fish ($2.49M), and Crustaceans ($591k). Over the past 5 years the exports of Namibia to South Korea have decreased at an annualized rate of 7.5%,  from $25.2M in 2017 to $10.7M in 2022.

In 2022, Namibia 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, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $293k and imported $44.6M from Namibia, resulting in a negative trade balance of $44.3M. Between July 2023 and July 2024 the exports of South Korea have increased by $161k (122%) from $132k to $293k, while imports increased by $35.8M (408%) from $8.77M to $44.6M.

Trade In July 2024, the top exports of South Korea to Namibia were Wadding, felt, nonwovens, twin, ropes, &... ($53k), Paper articles ($52k), Plastics & articles thereof ($35k), Machinery, mechanical appliances, & parts ($23k), and Books, newspapers, & other prints ($9k). In July 2024 the top imports of South Korea from Namibia were Fish, crustaceans, & molluscs ($132k), Wood, wood articles, & charcoal ($52k), Animal or vegetable fats, oils, &... ($4k), Miscellaneous edible preparations ($0), and Pharmaceutical products ($0).

Growth In July 2024, the increase in South Korea's year-by-year exports to Namibia was explained primarily by an increase in product exports in Paper articles ($32k or 160%) and Pharmaceutical products ($1k or 100%). In July 2024, the increase in South Korea's year-by-year imports  from Namibia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$161k(122%)
IMPORT GROWTH (July 2023 - July 2024)$35.8M(408%)

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

For full datasets download visit Bulk Download page.

Explore Namibia and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $11.1M to Namibia. The main products exported from South Korea to Namibia were Sulfuric Acid ($4.18M), Electrical Transformers ($1.16M), and Cars ($907k). During the last 5 years the exports of South Korea to Namibia have increased at an annualized rate of 3.04%, from $9.6M in 2017 to $11.1M in 2022.

In 2017, Namibia exported $10.7M to South Korea. The main products exported from Namibia to South Korea were Raw Copper ($7M), Non-fillet Frozen Fish ($2.49M), and Crustaceans ($591k). During the last 5 years the exports of Namibia to South Korea have decreased at an annualized rate of 7.5%, from $25.2M in 2022 to $10.7M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Namibia
Top DestinationSouth Africa$1.75B

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

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

In 2022, countries that imported more from Namibia than South Korea included Botswana ($672M), South Africa ($1.75B), and Zambia ($279M).

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

Comparative Advantage South Korea - Namibia

Flow
Scale

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

During 2022, South Korea had a large net trade with Namibia in the exports of Chemical Products ($4.27M), Machines ($3.35M), and Transportation ($1.55M).

During 2017, Namibia had a large net trade with South Korea in the exports of Metals ($7M), Animal Products ($3.13M), and Foodstuffs ($238k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Namibia+$1.93MCars
Top Product Potential Namibia South Korea+$3.14MNon-fillet Frozen Fish

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Namibia. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Namibia. Similarly, a dot/product with the flag of Namibia indicates it has a comparative advantage over South Korea.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms