New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $3.55BRnk 32 / 220
2022
Flag → Flag
Top Product $978MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $447MRnk 27 / 203
2022
Flag → Flag
Top Product $220MCars
2022
Flag
Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
Flag
Economic Complexity (ECI) ECI 1.3Rnk 15 / 124
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186

About

South Korea-Slovakia In 2022, South Korea exported $3.55B to Slovakia. The main products that South Korea exported to Slovakia are Motor vehicles; parts and accessories (8701 to 8705) ($978M), Broadcasting Equipment ($211M), and Spark-Ignition Engines ($208M). During the last 27 years the exports of South Korea to Slovakia have increased at an annualized rate of 17.8%, from $42.3M in 1995 to $3.55B in 2022.

In 2005, South Korea exported services to Slovakia worth $103M, with Transportation ($40.9M), Other business services ($33.6M), and Services not allocated ($26.3M) being the largest in terms of value.

Slovakia-South Korea In 2022, Slovakia exported $447M to South Korea. The main products that Slovakia exported to South Korea were Cars ($220M), Motor vehicles; parts and accessories (8701 to 8705) ($54.7M), and Transmissions ($32.2M). During the last 27 years the exports of Slovakia to South Korea have increased at an annualized rate of 15%, from $10.2M in 1995 to $447M in 2022.

In 2020, Slovakia exported services to South Korea worth $8.11M, with Other business services ($2.74M), Transportation ($2.63M), and Computer and information services ($1.83M) 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.3), and 41 in total exports ($110B).

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $254M and imported $77.8M from Slovakia, resulting in a positive trade balance of $177M. Between February 2023 and February 2024 the exports of South Korea have decreased by $-26.9M (-9.57%) from $281M to $254M, while imports decreased by $-19.8M (-20.3%) from $97.5M to $77.8M.

Trade In February 2024, the top exports of South Korea to Slovakia were Cars, tractors, trucks & parts thereof. ($72.4M), Machinery, mechanical appliances, & parts ($45.8M), Electrical machinery and electronics ($37.4M), Optical, photo, & film equipment; medical... ($12.5M), and Plastics & articles thereof ($5.13M). In February 2024 the top imports of South Korea from Slovakia were Cars, tractors, trucks & parts thereof. ($96.5M), Machinery, mechanical appliances, & parts ($8.75M), Electrical machinery and electronics ($3.98M), Optical, photo, & film equipment; medical... ($1.6M), and Rubber & articles thereof ($920k).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-39M or -46%), Cars, tractors, trucks & parts thereof. ($-26M or -26.4%), and Electrical machinery and electronics ($-5.55M or -12.9%). In February 2024, the decrease in South Korea's year-by-year imports  from Slovakia was explained primarily by an decrease in product imports  in Rubber & articles thereof ($-610k or -39.9%), Coated, covered, & laminated fabrics for... ($-341k or -87.7%), and Footwear ($-218k or -41.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$-26.9M(-9.57%)
IMPORT GROWTH (February 2023 - February 2024)$-19.8M(-20.3%)

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

For full datasets download visit Bulk Download page.

Explore Slovakia and South Korea Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $3.55B to Slovakia. The main products exported from South Korea to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($978M), Broadcasting Equipment ($211M), and Spark-Ignition Engines ($208M). During the last 27 years the exports of South Korea to Slovakia have increased at an annualized rate of 17.8%, from $42.3M in 1995 to $3.55B in 2022.

In 2022, Slovakia exported $447M to South Korea. The main products exported from Slovakia to South Korea were Cars ($220M), Motor vehicles; parts and accessories (8701 to 8705) ($54.7M), and Transmissions ($32.2M). During the last 27 years the exports of Slovakia to South Korea have increased at an annualized rate of 15%, from $10.2M in 1995 to $447M in 2022.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Slovakia
Top DestinationGermany$22.2B

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

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

In 2021, countries that imported more from Slovakia than South Korea were Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage South Korea - Slovakia

Flow
Scale

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

During 2022, South Korea had a large net trade with Slovakia in the exports of Machines ($1.89B), Transportation ($1.06B), and Metals ($248M).

During 2022, Slovakia had a large net trade with South Korea in the exports of Transportation ($275M), Machines ($114M), and Plastics and Rubbers ($18.5M).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Slovakia worth $103M, with Transportation ($40.9M), Other business services ($33.6M), and Services not allocated ($26.3M) being the largest in terms of value.

In 2020, Slovakia exported services to South Korea worth $8.11M, with Other business services ($2.74M), Transportation ($2.63M), and Computer and information services ($1.83M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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 Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over South Korea.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms