2022
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GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$291BCURRENT US$
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2012-2022
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GDP GROWTH
39.3%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$27,638CURRENT US$
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2012-2022
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GDP PC GROWTH
39.1%CURRENT US$
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About

South Korea-Czechia In 2022, South Korea exported $3.39B to Czechia. The main products that South Korea exported to Czechia are Motor vehicles; parts and accessories (8701 to 8705) ($1.01B), Office Machine Parts ($194M), and Electrical Lighting and Signalling Equipment ($142M). During the last 27 years the exports of South Korea to Czechia have increased at an annualized rate of 12%, from $157M in 1995 to $3.39B in 2022.

In 2022, South Korea did not export any services to Czechia.

Czechia-South Korea In 2022, Czechia exported $665M to South Korea. The main products that Czechia exported to South Korea were Non-optical Microscopes ($60.3M), Chemical Analysis Instruments ($56M), and Synthetic Rubber ($35.9M). During the last 27 years the exports of Czechia to South Korea have increased at an annualized rate of 10%, from $50.3M in 1995 to $665M in 2022.

In 2019, Czechia exported services to South Korea worth $183M, with Travel ($124M), Other business services ($27.7M), and Transportation ($15.6M) being the largest in terms of value.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Czechia ranked 6 in the Economic Complexity Index (ECI 1.53), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $3.39B to Czechia. The main products exported from South Korea to Czechia were Motor vehicles; parts and accessories (8701 to 8705) ($1.01B), Office Machine Parts ($194M), and Electrical Lighting and Signalling Equipment ($142M). During the last 27 years the exports of South Korea to Czechia have increased at an annualized rate of 12%, from $157M in 1995 to $3.39B in 2022.

In 2022, Czechia exported $665M to South Korea. The main products exported from Czechia to South Korea were Non-optical Microscopes ($60.3M), Chemical Analysis Instruments ($56M), and Synthetic Rubber ($35.9M). During the last 27 years the exports of Czechia to South Korea have increased at an annualized rate of 10%, from $50.3M in 1995 to $665M in 2022.

Exports from South Korea (Flag) to Czechia (Flag) (2022)

Exports from Czechia (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Czechia
Top Destination
Germany$75.3B

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 2021, countries that imported more from South Korea than Czechia were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from Czechia than South Korea were Germany ($75.3B), Slovakia ($19.7B), and Austria ($10.9B).

Difference in imports from Czechia (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Czechia

Flow
Scale

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

During 2022, South Korea had a large net trade with Czechia in the exports of Machines ($1.35B), Transportation ($1.11B), and Metals ($313M).

During 2022, Czechia had a large net trade with South Korea in the exports of Machines ($233M), Instruments ($143M), and Plastics and Rubbers ($110M).

Service Trade

Bilateral Service Trade

In 2019, Czechia exported services to South Korea worth $183M, with Travel ($124M), Other business services ($27.7M), and Transportation ($15.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Czechia (Flag) to South Korea (Flag) (2019)

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Czechia (Flag) (2022)

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