2023
Flag  
GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$32,610CURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $65.3M in 2023.

In 2018, 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 2023 to $509M in 2018.

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

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

Latest Data

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

Slovenia Exports

South Korea Exports

Market Competitiveness

Color
Slovenia
Top Destination
Switzerland$13.5B
South Korea
Top Destination
China$162B

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

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

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

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

Comparative Advantage Slovenia - South Korea

Flow
Scale

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

During 2023, Slovenia had a large net trade with South Korea in the exports of Machines ($22.9M), Chemical Products ($9.34M), and Metals ($8.99M).

During 2018, South Korea had a large net trade with Slovenia in the exports of Metals ($161M), Machines ($149M), and Transportation ($66.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovenia South Korea+$8.31MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential South Korea Slovenia+$53.3MCars

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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Slovenia and South Korea. This means that a dot/product with the flag of Slovenia 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 Slovenia.

Product Space of Slovenia (Flag) and South Korea (Flag) (2023)

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