Dem. People's Rep. of Korea-Togo Bilateral Trade Analysis 2023
Complete trade statistics: $29.39M total volume •Dem. People's Rep. of Korea deficit: $20.01M
Dem. People's Rep. of Korea → Togo
$4.69M
Exports (2023)
Togo → Dem. People's Rep. of Korea
$24.70M
Imports (2023)
Trade Balance
$20.01M
Deficit for Dem. People's Rep. of Korea
Total Trade
$29.39M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dem. People's Rep. of Korea and Togo. Green line shows exports from Dem. People's Rep. of Korea, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Dem. People's Rep. of Korea-Togo commercial relationship and competitive positioning in global markets.
Dem. People's Rep. of Korea → Togo Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dem. People's Rep. of Korea's export portfolio to Togo demonstrates strategic specialization, with vehicles: for transport of persons (other than those of heading no. 8702) n.e.c. in heading no. 8703 representing a key competitive advantage in this bilateral market.
Togo → Dem. People's Rep. of Korea Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dem. People's Rep. of Korea's import pattern from Togo reveals significant dependencyin natural calcium phosphates, natural aluminium calcium phosphates and phosphatic chalk: unground, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dem. People's Rep. of Korea demonstrates competitive strength in exportingvehicles: for transport of persons (other than those of heading no. 8702) n.e.c. in heading no. 8703 to Togo, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $29.39M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dem. People's Rep. of Korea-Togo Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $29.39 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dem. People's Rep. of Korea maintains a deficit of $20.01 million
- Export Focus: Dem. People's Rep. of Korea's primary exports include vehicles: for transport of persons (other than those of heading no. 8702) n.e.c. in heading no. 8703, ethylene polymers: in primary forms, n.e.c. in heading no. 3901, polyesters: n.e.c. in heading no. 3907, saturated, in primary forms
- Import Dependencies: Key imports from Togo include natural calcium phosphates, natural aluminium calcium phosphates and phosphatic chalk: unground
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 $29.39M 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 Dem. People's Rep. of Korea leveraging its comparative advantages in vehicles: for transport of persons (other than those of heading no. 8702) n.e.c. in heading no. 8703.
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
Dem. People's Rep. of Korea's specialization in vehicles: for transport of persons (other than those of heading no. 8702) n.e.c. in heading no. 8703complements Togo's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in natural calcium phosphates, natural aluminium calcium phosphates and phosphatic chalk: unground.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $29.39M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $29.39M 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 $29.39 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vehicles: for transport of persons (other than those of heading no. 8702) n.e.c. in heading no. 8703 and natural calcium phosphates, natural aluminium calcium phosphates and phosphatic chalk: unground demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dem. People's Rep. of Korea's trade deficit of $20.01 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 Dem. People's Rep. of Korea and Togo represents a total trade volume of $29.39 million in 2023. This partnership demonstrates an unfavorable trade balance for Dem. People's Rep. of Korea, with imports exceeding exportsby $20.01 million.
Export Strengths
Dem. People's Rep. of Korea's exports to Togo total $4.69 million, with competitive advantages in vehicles: for transport of persons (other than those of heading no. 8702) n.e.c. in heading no. 8703, representing $3.61M or76.9% of bilateral exports.
Import Dependencies
Imports from Togo amount to $24.70 million, highlighting economic interdependence in natural calcium phosphates, natural aluminium calcium phosphates and phosphatic chalk: unground, with Natural calcium phosphates, natural aluminium calcium phosphates and phosphatic chalk: unground comprising100.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dem. People's Rep. of Korea's strategic sourcing from Togo. 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 Dem. People's Rep. of Korea and Togo in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023