South Korea (KOR) and Czechia (CZE) Trade | OEC - The Observatory of Economic Complexity

About

South Korea-Czechia In 2020, South Korea exported $3.13B to Czechia. The main products that South Korea exported to Czechia are Vehicle Parts ($838M), Office Machine Parts ($270M), and Blank Audio Media ($169M). During the last 25 years the exports of South Korea to Czechia have increased at an annualized rate of 12.5%, from $166M in 1995 to $3.13B in 2020.

In 2020, South Korea did not export any services to Czechia.

Czechia-South Korea In 2020, Czechia exported $637M to South Korea . The main products that Czechia exported to South Korea were Chemical Analysis Instruments ($66.2M), Rubber Tires ($42.7M), and Liquid Pumps ($37.3M). During the last 25 years the exports of Czechia to South Korea have increased at an annualized rate of 10.7%, from $50M in 1995 to $637M in 2020.

In 2018, Czechia exported services to South Korea worth $185M, with Travel ($138M), Transportation ($19.4M), and Other business services ($14.4M) being the largest in terms of value.

Comparison In 2020, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B). That same year, Czechia ranked 8 in the Economic Complexity Index (ECI 1.57), and 27 in total exports ($190B).

Latest Trends

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February, 2022

About

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Overview In February 2022 South Korea exported $233M and imported $79.7M from Czechia, resulting in a positive trade balance of $153M. Between February 2021 and February 2022 the exports of South Korea have increased by $27.8M (13.5%) from $205M to $233M, while imports increased by $6.41M (8.74%) from $73.3M to $79.7M.

Trade In February 2022, the top exports of South Korea to Czechia were Vehicles and their parts ($77.5M), Electrical machinery and equipment ($73.3M), Machinery and appliances ($25.3M), Plastics and articles thereof ($18.4M), and Metal; miscellaneous products of base metal ($6.85M). In February 2022 the top imports of South Korea from Czechia were Instruments and apparatus ($27.5M), Machinery and appliances ($16.3M), Electrical machinery and equipment ($11.1M), Rubber and articles thereof ($6.27M), and Vehicles and their parts ($3.4M).

Growth In February 2022, the increase in South Korea's year-by-year exports to Czechia was explained primarily by an increase in product exports in Vehicles and their parts ($24.7M or 39%), Instruments and apparatus ($5.32M or 77%), and Plastics and articles thereof ($4.43M or 44.2%). In February 2022, the increase in South Korea's year-by-year imports from Czechia was explained primarily by an increase in product imports in Rubber and articles thereof ($3.92M or 104%), Machinery and appliances ($3.75M or 15.1%), and Vehicles and their parts ($3.43M or 94.5%).

Latest Trade

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Time Scale

Flow

Depth

Value

EXPORT GROWTH (February 2021 - February 2022): $27.8M, (13.5%)

IMPORT GROWTH (February 2021 - February 2022): $6.41M, (8.74%)

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

In 2020, South Korea exported $3.13B to Czechia. The main products exported from South Korea to Czechia were Vehicle Parts ($838M), Office Machine Parts ($270M), and Blank Audio Media ($169M). During the last 25 years the exports of South Korea to Czechia have increased at an annualized rate of 12.5%, from $166M in 1995 to $3.13B in 2020.

In 2020, Czechia exported $637M to South Korea. The main products exported from Czechia to South Korea were Chemical Analysis Instruments ($66.2M), Rubber Tires ($42.7M), and Liquid Pumps ($37.3M). During the last 25 years the exports of Czechia to South Korea have increased at an annualized rate of 10.7%, from $50M in 1995 to $637M in 2020.

Market Competitiveness

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Measure

SectionYear

South Korea
Top Destination: China, $131B

Czechia
Top Destination: Germany, $60.6B

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

In 2019, countries that imported more from South Korea than Czechia were China ($131B), United States ($75B), and Vietnam ($48B).

In 2019, countries that imported more from Czechia than South Korea were Germany ($60.6B), Slovakia ($14.2B), and Austria ($7.71B).

Comparative Advantage South Korea - Czechia

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Flow

Year

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

During 2020, South Korea had a large net trade with Czechia in the exports of Machines ($1.44B), Transportation ($902M), and Metals ($280M).

During 2020, Czechia had a large net trade with South Korea in the exports of Machines ($249M), Instruments ($126M), and Plastics and Rubbers ($105M).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between South Korea and Czechia (using the HS6 product classification and the last year reported).

In 2018, the products from South Korea that paid the highest import tariffs to enter Czechia were Rice in the husk (paddy or rough) (513%)and Rice, husked (brown) (513%).

In 2019, the products from Czechia that paid the highest import tariffs to enter South Korea were Cereals, rolled or flaked grains nes (67.4%)and Cereal pellets (65.3%).

*The tariffs present between South Korea and Czechia are:
136: Most Favoured Nation duty rate treatement
218: Preferential tariff for European Union countries

Service Trade

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Bilateral Service Trade

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Cze Year

In 2018, Czechia exported services to South Korea worth $185M, with Travel ($138M), Transportation ($19.4M), and Other business services ($14.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Czechia. Similarly, the more red a dot/product is, the more Czechia has comparative advantage over South Korea.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage South Korea - Czechia

Tariff Section

Tariffs

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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