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2022
Flag → Flag
Exports $3.55BRnk 32 / 220
2022
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Top Product $978MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $447MRnk 27 / 203
2022
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Top Product $220MCars
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 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$115BCURRENT US$
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2012-2022
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GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
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GDP PC $32,255CURRENT US$
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2012-2022
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GDP PC GROWTH26.7%CURRENT US$
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2022
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GDP PC$21,258CURRENT US$
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2012-2022
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GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186

About

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.

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 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 1.78), and 5 in total exports ($705B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $241M and imported $48.5M from Slovakia, resulting in a positive trade balance of $192M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-31.1M (-11.5%) from $272M to $241M, while imports decreased by $-1.9M (-3.78%) from $50.4M to $48.5M.

Trade In September 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 September 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 September 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 ($-5.55M or -12.9%). In September 2024, the decrease in South Korea's year-by-year imports  from Slovakia was explained primarily by an decrease in product imports  in Rubber & articles thereof ($-610k or -39.9%), Coated, covered, & laminated fabrics for... ($-341k or -87.7%), and Footwear ($-218k or -41.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-31.1M(-11.5%)
IMPORT GROWTH (September 2023 - September 2024)$-1.9M(-3.78%)

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

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 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 2017, 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 2022 to $447M in 2017.

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

In 2022, countries that imported more from Slovakia than South Korea included 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 2017, Slovakia had a large net trade with South Korea in the exports of Transportation ($275M), Machines ($114M), and Plastics and Rubbers ($18.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Slovakia+$62.6MCars
Top Product Potential Slovakia South Korea+$168MCars

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 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)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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