Flag South Korea / Czechia Flag

2020
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Exports
: $3.13B, Rnk 29 / 218

2020
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Top Product
: $838M, Vehicle Parts

2020
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Exports
: $637M, Rnk 32 / 205

2020
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Top Product
: $66.2M, Chemical Analysis Instruments

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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Economic Complexity (ECI)
: ECI 1.57, Rnk 8 / 127

2020
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GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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 GDP
: $245B, CURRENT US$
Rnk 46 / 195

2010-2020
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GDP GROWTH
: 17.3%, CURRENT US$
Rnk 124 / 195

2020
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GDP PC 
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
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GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

2020
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GDP PC
: $22,931, CURRENT US$
Rnk 42 / 195

2010-2020
Flag
GDP PC GROWTH
: 14.9%, CURRENT US$
Rnk 96 / 195

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

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

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

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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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

Bilateral Service Trade

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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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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.