Menu Content
Go Top

Economy

S. Korea's Arms Exports to Poland Top 1.5 Tln Won in 2023

Written: 2024-01-17 10:51:51Updated: 2024-01-17 11:02:57

S. Korea's Arms Exports to Poland Top 1.5 Tln Won in 2023

Photo : YONHAP News

South Korea sent arms exports worth more than one-point-five trillion won to Poland last year. 

According to data by the Korea International Trade Association on Wednesday, the country’s exports to the European country came to nine-point-02 billion dollars in 2023, up 14-point-eight percent from the previous year. 

The growth is led by a sharp increase in defense industry exports, as shipments of arms such as K9 self-propelled howitzers, K2 tanks and armored vehicles soared nearly 57 percent on-year to 649 million dollars last year. 

Separately, the country’s aircraft exports to Poland, such as FA-50 fighter jets, recorded 523 million dollars last year. 

The combined exports of arms and aircraft reached one-point-17 billion dollars, or more than one-point-five trillion won in 2023, jumping 184 percent from a year earlier. 

Due to the surge, Poland has emerged as the source of South Korea’s fifth-biggest trade surplus after the United States, Vietnam, Hong Kong and India.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >