Germany (DEU) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Germany-Slovakia In 2022, Germany exported $17.2B to Slovakia. The main products that Germany exported to Slovakia are Motor vehicles; parts and accessories (8701 to 8705) ($2.74B), Cars ($829M), and Other Plastic Products ($305M). During the last 27 years the exports of Germany to Slovakia have increased at an annualized rate of 8.03%, from $2.14B in 1995 to $17.2B in 2022.

In 2020, Germany exported services to Slovakia worth $1.17B, with Other business services ($446M), Transportation ($353M), and Computer and information services ($190M) being the largest in terms of value.

Slovakia-Germany In 2022, Slovakia exported $22.2B to Germany. The main products that Slovakia exported to Germany were Cars ($6.73B), Motor vehicles; parts and accessories (8701 to 8705) ($2.16B), and Video Displays ($560M). During the last 27 years the exports of Slovakia to Germany have increased at an annualized rate of 9.77%, from $1.79B in 1995 to $22.2B in 2022.

In 2020, Slovakia exported services to Germany worth $1.57B, with Other business services ($544M), Transportation ($451M), and Computer and information services ($353M) being the largest in terms of value.

Comparison In 2022, Germany ranked 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.3), and 41 in total exports ($110B).

Latest Trends

January, 2024

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Overview In January 2024, Germany exported €1.48B and imported €1.48B from Slovakia, resulting in a positive trade balance of €1.62M. Between January 2023 and January 2024 the exports of Germany have increased by €77.2M (5.5%) from €1.4B to €1.48B, while imports increased by €161M (12.3%) from €1.32B to €1.48B.

Trade In January 2024, the top exports of Germany to Slovakia were Chassis, bodies, engines etc. for motor... (€270M), Machinery for electricity production, distribution (€82.6M), Other articles of iron, iron sheet,... (€72.3M), Estimations for non-response (€64.3M), and Motor cars and motor caravans (€57.1M). In January 2024 the top imports of Germany from Slovakia were Chassis, bodies, engines etc. for motor... (€198M), Motor cars and motor caravans (€177M), Machinery for electricity production, distribution (€102M), Estimations for non-response (€89.2M), and Other articles of iron, iron sheet,... (€68.4M).

Origins In January 2024 the exports of Germany were mainly from North Rhine-Westphalia (€272M), Bavaria (€251M), Baden-Württemberg (€193M), Hesse (€92.1M), and Lower Saxony (€77.3M), while imports destinations were mainly Bavaria (€450M), Baden-Württemberg (€289M), Lower Saxony (€187M), North Rhine-Westphalia (€176M), and Saxony (€77.1M).

Growth In January 2024, the increase in Germany's year-by-year exports to Slovakia was explained primarily by an increase in product exports in Estimations for non-response (€63.9M or 16.6k%), Chassis, bodies, engines etc. for motor... (€46.2M or 20.6%), and Motor cars and motor caravans (€15.1M or 35.8%). In January 2024, the increase in Germany's year-by-year imports from Slovakia was explained primarily by an increase in product imports in Estimations for non-response (€53.1M or 147%), Chassis, bodies, engines etc. for motor... (€46M or 30.3%), and Machinery for electricity production, distribution (€15M or 17.2%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€77.2M(5.5%)

IMPORT GROWTH (January 2023 - January 2024)€161M(12.3%)

MAIN EXPORTER (January 2024)North Rhine-Westphalia€272M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Slovakia and Germany trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Germany exported $17.2B to Slovakia. The main products exported from Germany to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($2.74B), Cars ($829M), and Other Plastic Products ($305M). During the last 27 years the exports of Germany to Slovakia have increased at an annualized rate of 8.03%, from $2.14B in 1995 to $17.2B in 2022.

In 2022, Slovakia exported $22.2B to Germany. The main products exported from Slovakia to Germany were Cars ($6.73B), Motor vehicles; parts and accessories (8701 to 8705) ($2.16B), and Video Displays ($560M). During the last 27 years the exports of Slovakia to Germany have increased at an annualized rate of 9.77%, from $1.79B in 1995 to $22.2B in 2022.

Exports from Germany () to Slovakia () (2022)

Exports from Slovakia () to Germany () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$153B

Slovakia
Top DestinationGermany$22.2B

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

In 2021, countries that imported more from Germany than Slovakia were United States ($153B), France ($120B), and Netherlands ($109B).

In 2021, countries that imported more from Slovakia than Germany were Cook Islands ($205k).

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

Comparative Advantage Germany - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Germany had a large net trade with Slovakia in the exports of Machines ($4.65B), Transportation ($4.01B), and Metals ($2.24B).

During 2022, Slovakia had a large net trade with Germany in the exports of Transportation ($9.38B), Machines ($6.6B), and Metals ($1.83B).

Service Trade

Bilateral Service Trade

Svk Year

Deu Year

In 2020, Germany exported services to Slovakia worth $1.17B, with Other business services ($446M), Transportation ($353M), and Computer and information services ($190M) being the largest in terms of value.

In 2020, Slovakia exported services to Germany worth $1.57B, with Other business services ($544M), Transportation ($451M), and Computer and information services ($353M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Germany has comparative advantage over Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over Germany.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Germany () to Slovakia () (2022)

Exports from Slovakia () to Germany () (2022)

Market Competitiveness

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

Comparative Advantage Germany - Slovakia

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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