Angola-Rep. of Korea Bilateral Trade Analysis 2023
Complete trade statistics: $664.80M total volume •Angola deficit: $664.80M
Angola → Rep. of Korea
$0
Exports (2023)
Rep. of Korea → Angola
$664.80M
Imports (2023)
Trade Balance
$664.80M
Deficit for Angola
Total Trade
$664.80M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Angola and Rep. of Korea. Green line shows exports from Angola, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Angola-Rep. of Korea commercial relationship and competitive positioning in global markets.
Angola → Rep. of Korea Exports
Export Market Intelligence
🎯 Strategic Export Focus
Angola's export portfolio to Rep. of Korea demonstrates strategic specialization, with food preparations: n.e.c. in item no. 2106.10 representing a key competitive advantage in this bilateral market.
Rep. of Korea → Angola Imports
Import Dependency Profile
📦 Import Strategy Analysis
Angola's import pattern from Rep. of Korea reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Angola demonstrates competitive strength in exportingfood preparations: n.e.c. in item no. 2106.10 to Rep. of Korea, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $664.80M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Angola-Rep. of Korea Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $664.80 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Angola maintains a deficit of $664.80 million
- Export Focus: Angola's primary exports include food preparations: n.e.c. in item no. 2106.10, paper pulp: filter blocks, slabs and plates of paper pulp, paper and paperboard: letter cards, plain postcards and correspondence cards
- Import Dependencies: Key imports from Rep. of Korea include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structure, ethylene polymers: in primary forms, polyethylene having a specific gravity of 0.94 or more
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $664.80M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Angola leveraging its comparative advantages in food preparations: n.e.c. in item no. 2106.10.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Angola's specialization in food preparations: n.e.c. in item no. 2106.10complements Rep. of Korea's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $664.80M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $664.80M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $664.80 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in food preparations: n.e.c. in item no. 2106.10 and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Angola's trade deficit of $664.80 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Angola and Rep. of Korea represents a total trade volume of $664.80 million in 2023. This partnership demonstrates an unfavorable trade balance for Angola, with imports exceeding exportsby $664.80 million.
Export Strengths
Angola's exports to Rep. of Korea total $0.00, with competitive advantages in food preparations: n.e.c. in item no. 2106.10, representing $354 orInfinity% of bilateral exports.
Import Dependencies
Imports from Rep. of Korea amount to $664.80 million, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising80.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Angola's strategic sourcing from Rep. of Korea. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Angola and Rep. of Korea in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023