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Pricing

2022
Flag → Flag
Exports $1.54BRnk 44 / 220
2022
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Top Product $289MOxometallic or Peroxometallic Acid Salts
2022
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Exports $103MRnk 45 / 200
2022
Flag → Flag
Top Product $8.43MElectric Motor Parts
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.45Rnk 11 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$62.1BCURRENT US$
Rnk 85 / 186
2012-2022
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GDP GROWTH33.4%CURRENT US$
Rnk 92 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$29,457CURRENT US$
Rnk 39 / 186
2012-2022
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GDP PC GROWTH30.1%CURRENT US$
Rnk 63 / 186

About

South Korea-Slovenia Trade: In 2022, South Korea exported $1.54B to Slovenia. The main products that South Korea exported to Slovenia were Oxometallic or Peroxometallic Acid Salts ($289M), Coated Flat-Rolled Iron ($193M), and Cars ($188M). Over the past 5 years the exports of South Korea to Slovenia have decreased at an annualized rate of 3.74%, from $1.86B in 2017 to $1.54B in 2022.

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

Slovenia-South Korea Trade: In 2022, Slovenia exported $103M to South Korea. The main products that Slovenia exported to South Korea were Electric Motor Parts ($8.43M), Industrial Fatty Acids, Oils and Alcohols ($7.06M), and Trailers and semi-trailers, not mechanically propelled vehicles ($6.31M). Over the past 5 years the exports of Slovenia to South Korea have decreased at an annualized rate of 7.87%,  from $155M in 2017 to $103M in 2022.

In 2020, Slovenia exported services to South Korea worth $63.6M, with Transportation ($50.9M), Insurance services ($7.77M), and Travel ($2.4M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45), and 56 in total exports ($56B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $71.4M and imported $11.3M from Slovenia, resulting in a positive trade balance of $60.1M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-27.6M (-27.9%) from $99M to $71.4M, while imports increased by $2.6M (30%) from $8.66M to $11.3M.

Trade In October 2024, the top exports of South Korea to Slovenia were Iron & steel ($42.1M), Electrical machinery and electronics ($18.7M), Plastics & articles thereof ($8.47M), Optical, photo, & film equipment; medical... ($6.31M), and Machinery, mechanical appliances, & parts ($3.62M). In October 2024 the top imports of South Korea from Slovenia were Cars, tractors, trucks & parts thereof. ($3.71M), Inorganic chemicals ($3.36M), Electrical machinery and electronics ($2.05M), Pharmaceutical products ($1.46M), and Machinery, mechanical appliances, & parts ($1.01M).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Slovenia was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-38.7M or -92.9%), Iron & steel ($-25.8M or -38%), and Machinery, mechanical appliances, & parts ($-18M or -83.2%). In October 2024, the increase in South Korea's year-by-year imports  from Slovenia was explained primarily by an increase in product imports  in Inorganic chemicals ($3.36M or 336k%), Cars, tractors, trucks & parts thereof. ($2.33M or 169%), and Pharmaceutical products ($1.42M or 3.63k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-27.6M(-27.9%)
IMPORT GROWTH (October 2023 - October 2024)$2.6M(30%)

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

For full datasets download visit Bulk Download page.

Explore Slovenia and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.54B to Slovenia. The main products exported from South Korea to Slovenia were Oxometallic or Peroxometallic Acid Salts ($289M), Coated Flat-Rolled Iron ($193M), and Cars ($188M). During the last 5 years the exports of South Korea to Slovenia have decreased at an annualized rate of 3.74%, from $1.86B in 2017 to $1.54B in 2022.

In 2017, Slovenia exported $103M to South Korea. The main products exported from Slovenia to South Korea were Electric Motor Parts ($8.43M), Industrial Fatty Acids, Oils and Alcohols ($7.06M), and Trailers and semi-trailers, not mechanically propelled vehicles ($6.31M). During the last 5 years the exports of Slovenia to South Korea have decreased at an annualized rate of 7.87%, from $155M in 2022 to $103M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Slovenia
Top DestinationSwitzerland$9.92B

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

In 2022, countries that imported more from South Korea than Slovenia included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Slovenia than South Korea included Switzerland ($9.92B), Croatia ($4.68B), and Austria ($3.75B).

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

Comparative Advantage South Korea - Slovenia

Flow
Scale

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

During 2022, South Korea had a large net trade with Slovenia in the exports of Metals ($437M), Chemical Products ($334M), and Machines ($299M).

During 2017, Slovenia had a large net trade with South Korea in the exports of Machines ($31.8M), Metals ($14.7M), and Chemical Products ($13.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Slovenia+$53.3MCars
Top Product Potential Slovenia South Korea+$8.31MMotor 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 2020, Slovenia exported services to South Korea worth $63.6M, with Transportation ($50.9M), Insurance services ($7.77M), and Travel ($2.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovenia (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 Slovenia. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Slovenia. Similarly, a dot/product with the flag of Slovenia indicates it has a comparative advantage over South Korea.

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

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