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2022
Flag → Flag
Exports $104MRnk 113 / 220
2022
Flag → Flag
Top Product $15.3MCars
2022
Flag → Flag
Exports $86.4MRnk 17 / 160
2022
Flag → Flag
Top Product $52.1MMolluscs
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 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
Flag
 GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
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GDP GROWTH56.8%CURRENT US$
Rnk 44 / 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$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

South Korea-Senegal Trade: In 2022, South Korea exported $104M to Senegal. The main products that South Korea exported to Senegal were Cars ($15.3M), Plastic Lids ($11M), and Propylene Polymers ($6.23M). Over the past 5 years the exports of South Korea to Senegal have decreased at an annualized rate of 0.18%, from $105M in 2017 to $104M in 2022.

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

Senegal-South Korea Trade: In 2022, Senegal exported $86.4M to South Korea. The main products that Senegal exported to South Korea were Molluscs ($52.1M), Non-fillet Frozen Fish ($15.8M), and Titanium Ore ($5.63M). Over the past 5 years the exports of Senegal to South Korea have increased at an annualized rate of 9.27%,  from $55.5M in 2017 to $86.4M in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $14.8M and imported $2.52M from Senegal, resulting in a positive trade balance of $12.3M. Between July 2023 and July 2024 the exports of South Korea have increased by $5.79M (63.9%) from $9.06M to $14.8M, while imports decreased by $-1.34M (-34.7%) from $3.85M to $2.52M.

Trade In July 2024, the top exports of South Korea to Senegal were Plastics & articles thereof ($2.88M), Cars, tractors, trucks & parts thereof. ($2.17M), Machinery, mechanical appliances, & parts ($502k), Paper articles ($362k), and Soap, cleaners, candles, dental, modelling pastes ($296k). In July 2024 the top imports of South Korea from Senegal were Fish, crustaceans, & molluscs ($1.09M), Copper articles ($1.09M), Aluminum articles ($837k), Preparations of fish, crustacenas, & molluscs ($382k), and Non-knitted clothing accesories ($1k).

Growth In July 2024, the increase in South Korea's year-by-year exports to Senegal was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($1.48M or 214%) and Plastics & articles thereof ($1.04M or 56.8%). In July 2024, the decrease in South Korea's year-by-year imports  from Senegal was explained primarily by an decrease in product imports  in Copper articles ($-1.17M or -51.8%) and Ores, slag and ash ($-358k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$5.79M(63.9%)
IMPORT GROWTH (July 2023 - July 2024)$-1.34M(-34.7%)

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

For full datasets download visit Bulk Download page.

Explore Senegal and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $104M to Senegal. The main products exported from South Korea to Senegal were Cars ($15.3M), Plastic Lids ($11M), and Propylene Polymers ($6.23M). During the last 5 years the exports of South Korea to Senegal have decreased at an annualized rate of 0.18%, from $105M in 2017 to $104M in 2022.

In 2017, Senegal exported $86.4M to South Korea. The main products exported from Senegal to South Korea were Molluscs ($52.1M), Non-fillet Frozen Fish ($15.8M), and Titanium Ore ($5.63M). During the last 5 years the exports of Senegal to South Korea have increased at an annualized rate of 9.27%, from $55.5M in 2022 to $86.4M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Senegal
Top DestinationMali$1.13B

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

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

In 2022, countries that imported more from Senegal than South Korea included Mali ($1.13B), Gambia ($177M), and Guinea ($182M).

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

Comparative Advantage South Korea - Senegal

Flow
Scale

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

During 2022, South Korea had a large net trade with Senegal in the exports of Plastics and Rubbers ($36.8M), Machines ($20.7M), and Transportation ($19.3M).

During 2017, Senegal had a large net trade with South Korea in the exports of Animal Products ($67.9M), Metals ($8.49M), and Mineral Products ($5.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Senegal+$12.8MCars
Top Product Potential Senegal South Korea+$9.08MNon-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.

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

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

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