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Pricing

2022
Flag → Flag
Exports $2.36BRnk 37 / 220
2022
Flag → Flag
Top Product $2.32BRefined Petroleum
2022
Flag → Flag
Exports $47.9MRnk 20 / 134
2022
Flag → Flag
Top Product $41.8MScrap Copper
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.99Rnk 111 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 50 / 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$918CURRENT US$
Rnk 171 / 186
2012-2022
Flag
GDP PC GROWTH20.9%CURRENT US$
Rnk 84 / 186

About

South Korea-Togo Trade: In 2022, South Korea exported $2.36B to Togo. The main products that South Korea exported to Togo were Refined Petroleum ($2.32B), Propylene Polymers ($6.75M), and Cars ($4.46M). Over the past 5 years the exports of South Korea to Togo have increased at an annualized rate of 17.7%, from $1.05B in 2017 to $2.36B in 2022.

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

Togo-South Korea Trade: In 2022, Togo exported $47.9M to South Korea. The main products that Togo exported to South Korea were Scrap Copper ($41.8M), Scrap Aluminium ($3.63M), and Other Oily Seeds ($2.36M). Over the past 5 years the exports of Togo to South Korea have increased at an annualized rate of 10.6%,  from $28.9M in 2017 to $47.9M in 2022.

In 2022, Togo 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, Togo ranked 111 in the Economic Complexity Index (ECI -0.99), and 128 in total exports ($4.48B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $1.61M and imported $2.31M from Togo, resulting in a negative trade balance of $699k. Between July 2023 and July 2024 the exports of South Korea have decreased by $-1.03M (-39.1%) from $2.64M to $1.61M, while imports increased by $464k (25.2%) from $1.84M to $2.31M.

Trade In July 2024, the top exports of South Korea to Togo were Mineral fuels, mineral oils and products... ($83.9M), Man-made staple fibres ($330k), Machinery, mechanical appliances, & parts ($177k), Cars, tractors, trucks & parts thereof. ($172k), and Fish, crustaceans, & molluscs ($140k). In July 2024 the top imports of South Korea from Togo were Copper articles ($1.98M), Aluminum articles ($140k), Man-made staple fibres ($6k), Fish, crustaceans, & molluscs ($0), and Oils seeds, oleaginous fruits, grains, straw... ($0).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Togo was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... ($-80.5M or -49%), Plastics & articles thereof ($-1.58M or -92.6%), and Books, newspapers, & other prints ($-118k or -93.7%). In July 2024, the increase in South Korea's year-by-year imports  from Togo was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-1.03M(-39.1%)
IMPORT GROWTH (July 2023 - July 2024)$464k(25.2%)

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

For full datasets download visit Bulk Download page.

Explore Togo and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $2.36B to Togo. The main products exported from South Korea to Togo were Refined Petroleum ($2.32B), Propylene Polymers ($6.75M), and Cars ($4.46M). During the last 5 years the exports of South Korea to Togo have increased at an annualized rate of 17.7%, from $1.05B in 2017 to $2.36B in 2022.

In 2017, Togo exported $47.9M to South Korea. The main products exported from Togo to South Korea were Scrap Copper ($41.8M), Scrap Aluminium ($3.63M), and Other Oily Seeds ($2.36M). During the last 5 years the exports of Togo to South Korea have increased at an annualized rate of 10.6%, from $28.9M in 2022 to $47.9M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Togo
Top DestinationUnited Arab Emirates$1.19B

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

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

In 2022, countries that imported more from Togo than South Korea included Cote d'Ivoire ($474M), Burkina Faso ($249M), and Benin ($163M).

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

Comparative Advantage South Korea - Togo

Flow
Scale

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

During 2022, South Korea had a large net trade with Togo in the exports of Mineral Products ($2.32B), Plastics and Rubbers ($15.1M), and Transportation ($5.09M).

During 2017, Togo had a large net trade with South Korea in the exports of Metals ($45.4M), Vegetable Products ($2.36M), and Animal Products ($35k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Togo+$3.11MCars
Top Product Potential Togo South Korea+$3.61MScrap Aluminium

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

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

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