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Trade between Slovakia and South Korea

In 2024, Slovakia exported $663 million to South Korea and imported $5.9 billion. Slovakia ran a deficit of $5.3 billion with South Korea, compared with a deficit of $4.2 billion in 2019. South Korea was Slovakia’s 11th largest trading partner (3% of its trade), and Slovakia was South Korea’s 30th (0.5%).

Summary

Slovakia → South Korea
$663million
South Korea → Slovakia
$5.9billion
Slovakia’s balance
-$5.3billion

Balance

Slovakia’s trade balance with South Korea

Trade between Slovakia and South Korea grew 130.7-fold since 1995

USD billions (current). Slovakia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.7
  • Imports 5.9
  • Balance -5.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$10 million$40 million-$30 million
1996$8 million$171 million-$162 million
1997$9 million$44 million-$35 million
1998$8 million$74 million-$67 million
1999$9 million$42 million-$33 million
2000$9 million$38 million-$29 million
2001$11 million$42 million-$31 million
2002$14 million$57 million-$43 million
2003$22 million$199 million-$177 million
2004$28 million$544 million-$516 million
2005$36 million$954 million-$918 million
2006$81 million$1.7 billion-$1.6 billion
2007$79 million$3.7 billion-$3.7 billion
2008$104 million$5.3 billion-$5.2 billion
2009$77 million$3.8 billion-$3.7 billion
2010$114 million$6.7 billion-$6.5 billion
2011$152 million$5.7 billion-$5.5 billion
2012$177 million$7.4 billion-$7.2 billion
2013$187 million$7.2 billion-$7.1 billion
2014$225 million$5.8 billion-$5.6 billion
2015$233 million$4.9 billion-$4.7 billion
2016$220 million$4.4 billion-$4.1 billion
2017$176 million$4.7 billion-$4.5 billion
2018$187 million$5.3 billion-$5.1 billion
2019$545 million$4.8 billion-$4.2 billion
2020$814 million$4.1 billion-$3.3 billion
2021$629 million$5.6 billion-$5 billion
2022$760 million$5.9 billion-$5.1 billion
2023$870 million$5.9 billion-$5 billion
2024$663 million$5.9 billion-$5.3 billion

What they sell each other

What Slovakia sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Cars$387 million · 58.4%
    12 thousand tonnes · Slovakia’s destinations
  2. Auto parts$50 million · 7.6%
    3 thousand tonnes · Slovakia’s destinations
  3. Transmission shafts, gears and gearboxes$36 million · 5.4%
    2 thousand tonnes
  4. Other industrial machines$23 million · 3.5%
    864 tonnes
  5. Technical textile articles$17 million · 2.6%
    111 tonnes
  6. Air pumps, compressors and fans$17 million · 2.6%
    1 thousand tonnes
  7. Vehicle lights and signals$11 million · 1.7%
    63 tonnes
  8. Centrifuges and filters$10 million · 1.5%
    379 tonnes
  9. Ball and roller bearings$10 million · 1.5%
    305 tonnes
  10. Sprayers and fire extinguishers$8 million · 1.2%
    21 tonnes

What South Korea sells to Slovakia

The top 10 headings in 2024, with their share of the total.

  1. Auto parts$1.1 billion · 19.1%
    93 thousand tonnes · South Korea’s destinations
  2. Cameras and broadcast equipment$1 billion · 17.6%
    1 thousand tonnes
  3. Engine parts$504 million · 8.5%
    21 thousand tonnes
  4. Air pumps, compressors and fans$277 million · 4.7%
    10 thousand tonnes
  5. Spark-ignition engines$206 million · 3.5%
    12 thousand tonnes
  6. Control panels$184 million · 3.1%
    2 thousand tonnes
  7. Spark plugs, starters and ignition equipment$175 million · 3%
    9 thousand tonnes
  8. Batteries$160 million · 2.7%
    2 thousand tonnes · South Korea’s destinations
  9. Transformers and power supplies$133 million · 2.3%
    2 thousand tonnes
  10. Cars$130 million · 2.2%
    7 thousand tonnes · South Korea’s destinations

How it travels

Estimated sea route from Koper (Slovenia) to Busan.

The estimated sea route between Koper (Slovenia) and Busan is 15,101 nautical miles (27,967 km) long: ≈ 35–45 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (15,101 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (8,978 nautical miles).

Slovakia is landlocked: it ships through Koper (Slovenia).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$4.3 billion · 64.6%
  2. Air$2.3 billion · 35.4%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Slovakia’s 11th largest trading partner (3% of its trade), and Slovakia was South Korea’s 30th (0.5%).

South Korea in Slovakia’s trade
3%
South Korea’s rank among Slovakia’s partners
11th
Slovakia in South Korea’s trade
0.5%
Slovakia’s rank among South Korea’s partners
30th

Compare with

Other partners of Slovakia

Other partners of South Korea

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.