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Pricing

2022
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Exports $8.19BRnk 18 / 220
2022
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Top Product $2.07BOxometallic or Peroxometallic Acid Salts
2022
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Exports $1.04BRnk 38 / 216
2022
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Top Product $132MPrecious Metal Scraps
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 0.99Rnk 28 / 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$688BCURRENT US$
Rnk 21 / 186
2012-2022
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GDP GROWTH39%CURRENT US$
Rnk 85 / 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$18,321CURRENT US$
Rnk 57 / 186
2012-2022
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GDP PC GROWTH40.8%CURRENT US$
Rnk 47 / 186

About

South Korea-Poland Trade: In 2022, South Korea exported $8.19B to Poland. The main products that South Korea exported to Poland were Oxometallic or Peroxometallic Acid Salts ($2.07B), Electric Batteries ($376M), and Integrated Circuits ($301M). Over the past 5 years the exports of South Korea to Poland have increased at an annualized rate of 20%, from $3.28B in 2017 to $8.19B in 2022.

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 2022, Poland exported $1.04B to South Korea. The main products that Poland exported to South Korea were Precious Metal Scraps ($132M), Non-Iron and Steel Slag, Ash and Residues ($106M), and Laboratory Ceramic Ware ($39.6M). Over the past 5 years the exports of Poland to South Korea have increased at an annualized rate of 10.1%,  from $640M in 2017 to $1.04B in 2022.

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 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Poland ranked 28 in the Economic Complexity Index (ECI 0.99), and 24 in total exports ($346B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $498M and imported $77M from Poland, resulting in a positive trade balance of $421M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-107M (-17.7%) from $605M to $498M, while imports increased by $5.9M (8.29%) from $71.1M to $77M.

Trade In October 2024, the top exports of South Korea to Poland were Inorganic chemicals ($215M), Electrical machinery and electronics ($122M), Machinery, mechanical appliances, & parts ($80.7M), Plastics & articles thereof ($59M), and Cars, tractors, trucks & parts thereof. ($35.9M). In October 2024 the top imports of South Korea from Poland were Electrical machinery and electronics ($22.5M), Cars, tractors, trucks & parts thereof. ($16.9M), Machinery, mechanical appliances, & parts ($13.4M), Precious stones, metals, & pearls ($7.84M), and Optical, photo, & film equipment; medical... ($6.11M).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Poland was explained primarily by an decrease in product exports in Electrical machinery and electronics ($-43.9M or -26.4%), Plastics & articles thereof ($-14.9M or -20.2%), and Machinery, mechanical appliances, & parts ($-7.98M or -8.99%). In October 2024, the increase in South Korea's year-by-year imports  from Poland was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. ($10.5M or 162%), Electrical machinery and electronics ($7.21M or 47.3%), and Chemical products n.e.s. ($620k or 75.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-107M(-17.7%)
IMPORT GROWTH (October 2023 - October 2024)$5.9M(8.29%)

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 2022, South Korea exported $8.19B to Poland. The main products exported from South Korea to Poland were Oxometallic or Peroxometallic Acid Salts ($2.07B), Electric Batteries ($376M), and Integrated Circuits ($301M). During the last 5 years the exports of South Korea to Poland have increased at an annualized rate of 20%, from $3.28B in 2017 to $8.19B in 2022.

In 2017, Poland exported $1.04B to South Korea. The main products exported from Poland to South Korea were Precious Metal Scraps ($132M), Non-Iron and Steel Slag, Ash and Residues ($106M), and Laboratory Ceramic Ware ($39.6M). During the last 5 years the exports of Poland to South Korea have increased at an annualized rate of 10.1%, from $640M in 2022 to $1.04B in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Poland
Top DestinationGermany$93.1B

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

In 2022, countries that imported more from Poland than South Korea included Germany ($93.1B), Czechia ($22.4B), and France ($19.8B).

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

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 2022, South Korea had a large net trade with Poland in the exports of Machines ($2.77B), Chemical Products ($2.36B), and Transportation ($935M).

During 2017, Poland had a large net trade with South Korea in the exports of Machines ($298M), Precious Metals ($132M), and Mineral Products ($109M).

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) (2022)

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