Austria (AUT) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Austria-Slovakia Trade: In 2022, Austria exported $3.18B to Slovakia. The main products that Austria exported to Slovakia were Broadcasting Equipment ($2.9B), Computers ($315M), and Motor vehicles; parts and accessories (8701 to 8705) ($313M). Over the past 5 years the exports of Austria to Slovakia have increased at an annualized rate of 41.4%, from $564M in 2017 to $3.18B in 2022.

In 2020, Austria exported services to Slovakia worth $891M, with Transportation ($264M), Travel ($232M), and Other business services ($200M) being the largest in terms of value.

Slovakia-Austria Trade: In 2022, Slovakia exported $4.89B to Austria. The main products that Slovakia exported to Austria were Cars ($467M), Refined Petroleum ($321M), and Raw Copper ($258M). Over the past 5 years the exports of Slovakia to Austria have increased at an annualized rate of 59.4%, from $475M in 2017 to $4.89B in 2022.

In 2020, Slovakia exported services to Austria worth $656M, with Transportation ($364M), Other business services ($104M), and Computer and information services ($93.1M) being the largest in terms of value.

Comparison: In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $3.18B to Slovakia. The main products exported from Austria to Slovakia were Broadcasting Equipment ($2.9B), Computers ($315M), and Motor vehicles; parts and accessories (8701 to 8705) ($313M). During the last 5 years the exports of Austria to Slovakia have increased at an annualized rate of 41.4%, from $564M in 2017 to $3.18B in 2022.

In 2017, Slovakia exported $4.89B to Austria. The main products exported from Slovakia to Austria were Cars ($467M), Refined Petroleum ($321M), and Raw Copper ($258M). During the last 22 years the exports of Slovakia to Austria have increased at an annualized rate of 59.4%, from $475M in 1995 to $4.89B in 2017.

Exports from Austria () to Slovakia () (2022)

Exports from Slovakia () to Austria () (2022)

Latest Data

Trade between Austria () and Slovakia ()

Austria Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Austria than Slovakia included Germany ($57.7B), United States ($14.4B), and Switzerland ($11.2B).

In 2022, countries that imported more from Slovakia than Austria included Czechia ($12.6B), Ukraine ($1.55B), and Poland ($8.05B).

Difference in imports from Slovakia () and Austria () (2022)

Comparative Advantage Austria - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Austria and Slovakia by product, considering products traded by both, Austria and Slovakia.

During 2022, Austria had a large net trade with Slovakia in the exports of Machines ($4.32B), Metals ($673M), and Transportation ($636M).

During 2017, Slovakia had a large net trade with Austria in the exports of Metals ($1.23B), Machines ($1.19B), and Transportation ($741M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Slovakia+$159MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Slovakia Austria+$452MCars

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

Svk Year

Aut Year

In 2020, Austria exported services to Slovakia worth $891M, with Transportation ($264M), Travel ($232M), and Other business services ($200M) being the largest in terms of value.

In 2020, Slovakia exported services to Austria worth $656M, with Transportation ($364M), Other business services ($104M), and Computer and information services ($93.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to Slovakia () (2020)

Services Exports from Slovakia () to Austria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Austria () to Slovakia () (2022)

Exports from Slovakia () to Austria () (2022)

Latest Data

Trade between Austria () and Slovakia ()

Austria Exports

Slovakia Exports

Market Competitiveness

Difference in imports from Slovakia () and Austria () (2022)

Comparative Advantage Austria - Slovakia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Austria () to Slovakia () (2020)

Services Exports from Slovakia () to Austria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Austria () and Slovakia () (2022)

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