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How dependent is Slovakia on South Korea?

In 2024, South Korea sold $5.9 billion to Slovakia, 5.4% of its imports, ranking 6th among its suppliers. Its share was 5.4% in 2019 and 0.43% in 1995. In 2 products it sells more than 50% of what Slovakia buys of them (in 0, more than 75%); what Slovakia buys from South Korea in those products (dominated value) adds up to $679 million, 0.62% of its imports.

Summary

Share of its imports
5.4%
Share of its imports from outside the EU
14.9%
Value imported
$5.9billion
Rank among its suppliers
6th
Products where it sells over 50%
2
Products where it sells over 75%
0
Dominated value
$679million
Share of total imports
0.6%

Trend

Trend in shares

South Korea went from 0.43% to 5.4% of what Slovakia buys

Share (%)

  • South Korea 5.4%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
1995400.43%24
19961711.4%13
1997440.35%25
1998740.53%23
1999420.35%25
2000380.28%25
2001420.27%27
2002570.32%27
20031990.84%20
20045441.9%13
20059542.8%10
20061,7193.9%8
20073,7426.5%4
20085,2917.3%4
20093,7697.2%4
20106,66010.4%3
20115,6657.6%4
20127,38610.1%3
20137,2379.1%4
20145,7967.2%5
20154,9266.7%4
20164,3536%5
20174,7235.8%5
20185,3256%5
20194,7615.4%7
20204,0935%6
20215,5995.5%6
20225,8635.3%6
20235,8535.4%6
20245,9215.4%6

Products where South Korea sells more than half

ProductSupplierShareSecondValue
Engine partsSouth Korea55.2%Poland · 12.9%$504 million
Spark plugs, starters and ignition equipmentSouth Korea53.9%France · 17.3%$175 million

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from South Korea

Slovakia is South Korea’s 22nd-largest customer, with 0.78% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.