A coil component includes a body having a first surface and a second surface opposing in a thickness direction, and a first side surface and a second side surface opposing in a width direction while each connecting the first surface and the second surface to each other. A coil unit is disposed in the body. First and second external electrodes are disposed to be spaced apart from each other on the body, while respectively being connected to the coil unit. A cover portion disposed on the second surface of the body and at least partially covering the first and second external electrodes. A cross-section perpendicular to the first surface of the body and parallel to the width direction and traversing the body and the cover portion has substantially the same size in the width direction and in the thickness direction.