United Kingdom (GBR) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Slovakia (SVK) Trade

2022

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Exports $1.41BRnk 43 / 224

2022

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Top Product $256MMotor vehicles; parts and accessories (8701 to 8705)

2022

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Exports $4.34BRnk 8 / 203

2022

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About

United Kingdom-Slovakia In 2022, United Kingdom exported $1.41B to Slovakia. The main products that United Kingdom exported to Slovakia are Motor vehicles; parts and accessories (8701 to 8705) ($256M), Spark-Ignition Engines ($239M), and Combustion Engines ($157M). During the last 27 years the exports of United Kingdom to Slovakia have increased at an annualized rate of 8.89%, from $141M in 1995 to $1.41B in 2022.

In 2019, United Kingdom exported services to Slovakia worth $433M, with Other business services ($270M), Travel ($105M), and Transportation ($35.7M) being the largest in terms of value.

Slovakia-United Kingdom In 2022, Slovakia exported $4.34B to United Kingdom. The main products that Slovakia exported to United Kingdom were Cars ($2.22B), Video Displays ($549M), and Motor vehicles; parts and accessories (8701 to 8705) ($237M). During the last 27 years the exports of Slovakia to United Kingdom have increased at an annualized rate of 14%, from $127M in 1995 to $4.34B in 2022.

In 2020, Slovakia exported services to United Kingdom worth $568M, with Other business services ($194M), Transportation ($181M), and Computer and information services ($116M) being the largest in terms of value.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.3), and 41 in total exports ($110B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £98.2M and imported £173M from Slovakia, resulting in a negative trade balance of £74.8M. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-2.36M (-2.34%) from £101M to £98.2M, while imports decreased by £-6.78M (-3.77%) from £180M to £173M.

Trade In January 2024, the top exports of United Kingdom to Slovakia were Spark-Ignition Engines (£19.7M), Motor vehicles; parts and accessories (8701... (£19M), Combustion Engines (£18.2M), Broadcasting Accessories (£3.77M), and Rubber Tires (£2.09M). In January 2024 the top imports of United Kingdom from Slovakia were Cars (£62.9M), Video Displays (£24.7M), Motor vehicles; parts and accessories (8701... (£8.8M), Central Heating Boilers (£8.51M), and Rubber Tires (£6.05M).

Origins In January 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£65.9M), Purfleet (£8.28M), Killingholme (£7.51M), Dover (£7.32M), and Harwich (£3.52M), while imports destinations were mainly Immingham (£62.8M), Dover (£48M), Oxford Airport (Kidlington) (£10.6M), and Dover Eurotunnel (£9.98M).

Growth In January 2024, the decrease in United Kingdom's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Electrical Ignitions (£-2.8M or -96.1%), Commodities not elsewhere specified (£-876k or -84.8%), and Cars (£-341k or -44.6%). In January 2024, the decrease in United Kingdom's year-by-year imports from Slovakia was explained primarily by an decrease in product imports in Video Displays (£-2.35M or -8.67%), Revolution Counters (£-1.24M or -78.7%), and Electric Batteries (£-860k or -95.7%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-2.36M(-2.34%)

IMPORT GROWTH (January 2023 - January 2024)£-6.78M(-3.77%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£65.9M

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

To check Slovakia and United Kingdom 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, United Kingdom exported $1.41B to Slovakia. The main products exported from United Kingdom to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($256M), Spark-Ignition Engines ($239M), and Combustion Engines ($157M). During the last 27 years the exports of United Kingdom to Slovakia have increased at an annualized rate of 8.89%, from $141M in 1995 to $1.41B in 2022.

In 2022, Slovakia exported $4.34B to United Kingdom. The main products exported from Slovakia to United Kingdom were Cars ($2.22B), Video Displays ($549M), and Motor vehicles; parts and accessories (8701 to 8705) ($237M). During the last 27 years the exports of Slovakia to United Kingdom have increased at an annualized rate of 14%, from $127M in 1995 to $4.34B in 2022.

Exports from United Kingdom () to Slovakia () (2022)

Exports from Slovakia () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Slovakia
Top DestinationGermany$22.2B

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

In 2021, countries that imported more from United Kingdom than Slovakia were United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

In 2021, countries that imported more from Slovakia than United Kingdom were Czechia ($12.6B), Hungary ($9.79B), and Austria ($5.81B).

Difference in imports from Slovakia () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Slovakia in the exports of Machines ($697M), Transportation ($294M), and Plastics and Rubbers ($105M).

During 2022, Slovakia had a large net trade with United Kingdom in the exports of Transportation ($2.48B), Machines ($1.18B), and Plastics and Rubbers ($144M).

Service Trade

Bilateral Service Trade

Svk Year

Gbr Year

In 2019, United Kingdom exported services to Slovakia worth $433M, with Other business services ($270M), Travel ($105M), and Transportation ($35.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Slovakia () (2019)

Services Exports from Slovakia () to United Kingdom () (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 United Kingdom has comparative advantage over Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Slovakia () (2022)

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