2022
Flag  
GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Slovakia-South Korea Trade: 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). Over the past 5 years the exports of Slovakia to South Korea have increased at an annualized rate of 26.9%, from $136M in 2017 to $447M in 2022.

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

South Korea-Slovakia Trade: In 2022, South Korea exported $3.55B to Slovakia. The main products that South Korea exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($978M), Broadcasting Equipment ($211M), and Spark-Ignition Engines ($208M). Over the past 5 years the exports of South Korea to Slovakia have increased at an annualized rate of 2.71%,  from $3.1B in 2017 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.

Comparison: In 2022,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Slovakia to South Korea have increased at an annualized rate of 26.9%, from $136M in 2017 to $447M in 2022.

In 2017, 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 5 years the exports of South Korea to Slovakia have increased at an annualized rate of 2.71%, from $3.1B in 2022 to $3.55B in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and South Korea (Flag)

Slovakia Exports

South Korea Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Slovakia than South Korea included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

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

Comparative Advantage Slovakia - South Korea

Flow
Scale

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

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).

During 2017, South Korea had a large net trade with Slovakia in the exports of Machines ($1.89B), Transportation ($1.06B), and Metals ($248M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia South Korea+N/AN/A
Top Product Potential South Korea Slovakia+$62.6MCars

N/A

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Economic Complexity

Competitive Landscape

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

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

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