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2023
Flag → Flag
Exports $10BRnk 14 / 142
2023
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Top Product $2.29BOxometallic or Peroxometallic Acid Salts
2023
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Exports $914MRnk 45 / 217
2023
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Top Product $84.3MInorganic Salts
2023
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Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 132
2023
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GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$809BCURRENT US$
Rnk 21 / 195
2013-2023
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GDP GROWTH56.2%CURRENT US$
Rnk 62 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$22,057CURRENT US$
Rnk 59 / 196
2013-2023
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GDP PC GROWTH61.9%CURRENT US$
Rnk 28 / 195

About

South Korea-Poland Trade: In 2023, South Korea exported $10B to Poland. The main products that South Korea exported to Poland were Oxometallic or Peroxometallic Acid Salts ($2.29B), Cars ($540M), and Planes, Helicopters, and/or Spacecraft ($522M). Over the past 5 years the exports of South Korea to Poland have increased at an annualized rate of 15.7%, from $4.83B in 2018 to $10B in 2023.

In 2005, South Korea exported services to Poland worth $95.4M, with Transportation ($74.1M), Other business services ($7.9M), and Services not allocated ($7M) being the largest in terms of value.

Poland-South Korea Trade: In 2023, Poland exported $914M to South Korea. The main products that Poland exported to South Korea were Inorganic Salts ($84.3M), Electric Batteries ($70.9M), and Precious Metal Scraps ($61.9M). Over the past 5 years the exports of Poland to South Korea have increased at an annualized rate of 3.9%,  from $755M in 2018 to $914M in 2023.

In 2020, Poland exported services to South Korea worth $268M, with Other business services ($165M), Transportation ($60.7M), and Travel ($32.4M) being the largest in terms of value.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Poland ranked 24 in the Economic Complexity Index (ECI 1.09), and 23 in total exports ($339B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $540M and imported $106M from Poland, resulting in a positive trade balance of $433M. Between December 2023 and December 2024 the exports of South Korea have increased by $28.6M (5.6%) from $511M to $540M, while imports increased by $11.5M (12.1%) from $94.9M to $106M.

Trade In December 2024, the top exports of South Korea to Poland were Electrical machinery and electronics ($145M), Inorganic chemicals ($76.5M), Machinery, mechanical appliances, & parts ($73.7M), Plastics & articles thereof ($59.2M), and Cars, tractors, trucks & parts thereof. ($54M). In December 2024 the top imports of South Korea from Poland were Electrical machinery and electronics ($13.1M), Machinery, mechanical appliances, & parts ($13M), Optical, photo, & film equipment; medical... ($8.4M), Cars, tractors, trucks & parts thereof. ($6.83M), and Precious stones, metals, & pearls ($4.36M).

Growth In December 2024, the increase in South Korea's year-by-year exports to Poland was explained primarily by an increase in product exports in Electrical machinery and electronics ($22M or 18%), Cars, tractors, trucks & parts thereof. ($18.1M or 50.5%), and Pharmaceutical products ($18.1M or 4.46k%). In December 2024, the increase in South Korea's year-by-year imports  from Poland was explained primarily by an increase in product imports  in Pharmaceutical products ($3.85M or 4.23k%), Copper articles ($2.66M or 224%), and Optical, photo, & film equipment; medical... ($2.28M or 37.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$28.6M(5.6%)
IMPORT GROWTH (December 2023 - December 2024)$11.5M(12.1%)

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

For full datasets download visit Bulk Download page.

Explore Poland and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $10B to Poland. The main products exported from South Korea to Poland were Oxometallic or Peroxometallic Acid Salts ($2.29B), Cars ($540M), and Planes, Helicopters, and/or Spacecraft ($522M). During the last 5 years the exports of South Korea to Poland have increased at an annualized rate of 15.7%, from $4.83B in 2018 to $10B in 2023.

In 2018, Poland exported $914M to South Korea. The main products exported from Poland to South Korea were Inorganic Salts ($84.3M), Electric Batteries ($70.9M), and Precious Metal Scraps ($61.9M). During the last 5 years the exports of Poland to South Korea have increased at an annualized rate of 3.9%, from $755M in 2023 to $914M in 2018.

Exports from South Korea (Flag) to Poland (Flag) (2023)

Exports from Poland (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Poland
Top DestinationGermany$84B

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

In 2023, countries that imported more from South Korea than Poland included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Poland than South Korea included Germany ($84B), Czechia ($19.3B), and United Kingdom ($19.4B).

Difference in imports from Poland (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Poland

Flow
Scale

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

During 2023, South Korea had a large net trade with Poland in the exports of Machines ($2.85B), Chemical Products ($2.81B), and Transportation ($1.94B).

During 2018, Poland had a large net trade with South Korea in the exports of Machines ($264M), Chemical Products ($220M), and Precious Metals ($62.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Poland+$242MCars
Top Product Potential Poland South Korea+$64.5MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2005, South Korea exported services to Poland worth $95.4M, with Transportation ($74.1M), Other business services ($7.9M), and Services not allocated ($7M) being the largest in terms of value.

In 2020, Poland exported services to South Korea worth $268M, with Other business services ($165M), Transportation ($60.7M), and Travel ($32.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Poland (Flag) (2005)

Services Exports from Poland (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Poland. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Poland. Similarly, a dot/product with the flag of Poland indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Poland (Flag) (2023)

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