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DATABANK

Korean-African trade techs up Korean trade with Africa has more than

Korea’s trade flows with Africa, 1996-2014

quadrupled since the late 1990s. With imports and exports totalling US$26.5 billion in 2014, Korea is one of the fastest emerging

US$ billion

trade partners of the continent over the last

20

decade. By contrast with other “newcomers”

Korea, Exports to Africa

Korea, Imports from Africa

like China, India or Brazil, exports to the continent tend to dominate. Until 2011,

15

Korea’s exports to Africa have increased more than 2.5 times faster than its imports from the continent. Three-quarters of the

10

Korean exports are composed of electronic and electro-appliances equipment, phones and transport equipment, compared with

5

less than half of exports in the case of China, for instance. Korea has thus become an 20 13

20 14

20 12

20 11

09

20 10

08

20

20

07 20

05

06 20

04

03

20

20

02

20

01 20

20

99

00 20

97

98

19

19

19

96

0

technology, both for African consumers

19

important source of equipment and and companies. Bakary Traoré, OECD Development Centre

Source: OECD Development Centre (calculations based on Comtrade data)

OECD Observer Crossword

No 4, 2016 Across 1 Election verification 5 Come what ____ 7 Famous Pope 8 UK process to leave the EU 11 Agenda point 12 Insect subject to colony collapse 13 Natural resource such as gold or silver 15 OECD monitors ____ inequality 18 Essential 19 Sphere 21 Wood for skis and bats 22 Coin with twelve stars on it 24 One in German 25 E-mail, e.g. 26 World problems must be approached on ___ not just national levels

© Myles Mellor/OECD Observer

For crossword solutions do the OECD crossword online. See www.oecdobserver.org/crossword

72

Down 1 Grand Old Party 2 OPEC concern 3 Group formed to maintain international peace and security, abbr. 4 WW II code cracker whose life was the subject of “The Imitation Game” 5 Social event 6 To this point 9 Parisian summer 10 “___ soul man” (Blues Brothers lyric) 13 India’s most populated city 14 Put down 16 Recently passed Hall of Fame singer, well-known for his song “Suzanne” 17 French for gold 18 OECD member now for 20 years 20 Cancel a parliamentary bill, say 23 Commodity whose price has been an international concern

OECD Observer No 308 Q4 2016  
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