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2023
Flag → Flag
Exports $509MRnk 60 / 142
2023
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Top Product $65.3MBroadcasting Equipment
2023
Flag → Flag
Exports $65.3MRnk 56 / 199
2023
Flag → Flag
Top Product $8.11MElectric Motor Parts
2023
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Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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Economic Complexity (ECI) ECI 1.48Rnk 12 / 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$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
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GDP GROWTH44.5%CURRENT US$
Rnk 88 / 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$32,610CURRENT US$
Rnk 43 / 196
2013-2023
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GDP PC GROWTH40.3%CURRENT US$
Rnk 61 / 195

About

South Korea-Slovenia Trade: In 2023, South Korea exported $509M to Slovenia. The main products that South Korea exported to Slovenia were Broadcasting Equipment ($65.3M), Coated Flat-Rolled Iron ($64.6M), and Cars ($57.5M). Over the past 5 years the exports of South Korea to Slovenia have decreased at an annualized rate of 4.55%, from $642M in 2018 to $509M in 2023.

In 2023, South Korea did not export any services to Slovenia.

Slovenia-South Korea Trade: In 2023, Slovenia exported $65.3M to South Korea. The main products that Slovenia exported to South Korea were Electric Motor Parts ($8.11M), Industrial Fatty Acids, Oils and Alcohols ($7.52M), and Metal-Rolling Mills ($3.31M). Over the past 5 years the exports of Slovenia to South Korea have decreased at an annualized rate of 18.6%,  from $182M in 2018 to $65.3M in 2023.

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 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $81.9M and imported $12.7M from Slovenia, resulting in a positive trade balance of $69.2M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-28.9M (-26.1%) from $111M to $81.9M, while imports increased by $1.07M (9.15%) from $11.6M to $12.7M.

Trade In December 2024, the top exports of South Korea to Slovenia were Iron & steel ($41.8M), Machinery, mechanical appliances, & parts ($17.8M), Plastics & articles thereof ($8.18M), Cars, tractors, trucks & parts thereof. ($7.39M), and Copper articles ($5.43M). In December 2024 the top imports of South Korea from Slovenia were Machinery, mechanical appliances, & parts ($837k), Electrical machinery and electronics ($748k), Plastics & articles thereof ($702k), Optical, photo, & film equipment; medical... ($659k), and Cars, tractors, trucks & parts thereof. ($375k).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Slovenia was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-14.8M or -79.3%), Paper articles ($-1.8M or -98.7%), and Optical, photo, & film equipment; medical... ($-1.57M or -24.9%). In December 2024, the increase in South Korea's year-by-year imports  from Slovenia was explained primarily by an increase in product imports  in Furniture, bedding, lamps, & prefab buildings ($192k or 738%), Miscellaneous edible preparations ($111k or 308%), and Footwear ($50k or 1.25k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-28.9M(-26.1%)
IMPORT GROWTH (December 2023 - December 2024)$1.07M(9.15%)

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 2023, South Korea exported $509M to Slovenia. The main products exported from South Korea to Slovenia were Broadcasting Equipment ($65.3M), Coated Flat-Rolled Iron ($64.6M), and Cars ($57.5M). During the last 5 years the exports of South Korea to Slovenia have decreased at an annualized rate of 4.55%, from $642M in 2018 to $509M in 2023.

In 2018, Slovenia exported $65.3M to South Korea. The main products exported from Slovenia to South Korea were Electric Motor Parts ($8.11M), Industrial Fatty Acids, Oils and Alcohols ($7.52M), and Metal-Rolling Mills ($3.31M). During the last 5 years the exports of Slovenia to South Korea have decreased at an annualized rate of 18.6%, from $182M in 2023 to $65.3M in 2018.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Slovenia
Top DestinationSwitzerland$13.5B

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

In 2023, countries that imported more from Slovenia than South Korea included Switzerland ($13.5B), Croatia ($4.85B), and Austria ($3.38B).

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

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 2023, South Korea had a large net trade with Slovenia in the exports of Metals ($161M), Machines ($149M), and Transportation ($66.8M).

During 2018, Slovenia had a large net trade with South Korea in the exports of Machines ($22.9M), Chemical Products ($9.34M), and Metals ($8.99M).

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) (2023)

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