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2022
Flag → Flag
Exports $3.39BRnk 34 / 220
2022
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Top Product $1.01BMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $665MRnk 36 / 205
2022
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Top Product $60.3MNon-optical Microscopes
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.55Rnk 7 / 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$291BCURRENT US$
Rnk 46 / 186
2012-2022
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GDP GROWTH39.3%CURRENT US$
Rnk 83 / 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$27,638CURRENT US$
Rnk 42 / 186
2012-2022
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GDP PC GROWTH39.1%CURRENT US$
Rnk 51 / 186

About

South Korea-Czechia Trade: In 2022, South Korea exported $3.39B to Czechia. The main products that South Korea exported to Czechia were Motor vehicles; parts and accessories (8701 to 8705) ($1.01B), Office Machine Parts ($194M), and Electrical Lighting and Signalling Equipment ($142M). Over the past 5 years the exports of South Korea to Czechia have increased at an annualized rate of 3.11%, from $2.91B in 2017 to $3.39B in 2022.

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

Czechia-South Korea Trade: In 2022, Czechia exported $665M to South Korea. The main products that Czechia exported to South Korea were Non-optical Microscopes ($60.3M), Chemical Analysis Instruments ($56M), and Synthetic Rubber ($35.9M). Over the past 5 years the exports of Czechia to South Korea have increased at an annualized rate of 6.22%,  from $492M in 2017 to $665M in 2022.

In 2019, Czechia exported services to South Korea worth $183M, with Travel ($124M), Other business services ($27.7M), and Transportation ($15.6M) 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $293M and imported $138M from Czechia, resulting in a positive trade balance of $155M. Between July 2023 and July 2024 the exports of South Korea have increased by $24M (8.91%) from $269M to $293M, while imports increased by $514k (0.37%) from $137M to $138M.

Trade In July 2024, the top exports of South Korea to Czechia were Cars, tractors, trucks & parts thereof. ($94.1M), Electrical machinery and electronics ($55.2M), Machinery, mechanical appliances, & parts ($25.7M), Plastics & articles thereof ($17.4M), and Optical, photo, & film equipment; medical... ($12.4M). In July 2024 the top imports of South Korea from Czechia were Optical, photo, & film equipment; medical... ($45.7M), Machinery, mechanical appliances, & parts ($24M), Electrical machinery and electronics ($9.65M), Chemical products n.e.s. ($5.43M), and Rubber & articles thereof ($5.36M).

Growth In July 2024, the increase in South Korea's year-by-year exports to Czechia was explained primarily by an increase in product exports in Tools & cutlery ($5.17M or 534%), Cars, tractors, trucks & parts thereof. ($4.46M or 4.98%), and Optical, photo, & film equipment; medical... ($3.94M or 46.4%). In July 2024, the increase in South Korea's year-by-year imports  from Czechia was explained primarily by an increase in product imports  in Optical, photo, & film equipment; medical... ($31.5M or 221%), Machinery, mechanical appliances, & parts ($6.44M or 36.8%), and Chemical products n.e.s. ($4.37M or 409%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$24M(8.91%)
IMPORT GROWTH (July 2023 - July 2024)$514k(0.37%)

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 Czechia and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Czechia and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $3.39B to Czechia. The main products exported from South Korea to Czechia were Motor vehicles; parts and accessories (8701 to 8705) ($1.01B), Office Machine Parts ($194M), and Electrical Lighting and Signalling Equipment ($142M). During the last 5 years the exports of South Korea to Czechia have increased at an annualized rate of 3.11%, from $2.91B in 2017 to $3.39B in 2022.

In 2017, Czechia exported $665M to South Korea. The main products exported from Czechia to South Korea were Non-optical Microscopes ($60.3M), Chemical Analysis Instruments ($56M), and Synthetic Rubber ($35.9M). During the last 5 years the exports of Czechia to South Korea have increased at an annualized rate of 6.22%, from $492M in 2022 to $665M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Czechia
Top DestinationGermany$75.3B

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

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

In 2022, countries that imported more from Czechia than South Korea included Germany ($75.3B), Slovakia ($19.7B), and Austria ($10.9B).

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

Comparative Advantage South Korea - Czechia

Flow
Scale

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

During 2022, South Korea had a large net trade with Czechia in the exports of Machines ($1.35B), Transportation ($1.11B), and Metals ($313M).

During 2017, Czechia had a large net trade with South Korea in the exports of Machines ($233M), Instruments ($143M), and Plastics and Rubbers ($110M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Czechia+$94.4MCars
Top Product Potential Czechia South Korea+$48.2MMotor 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 2019, Czechia exported services to South Korea worth $183M, with Travel ($124M), Other business services ($27.7M), and Transportation ($15.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Czechia (Flag) to South Korea (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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