United Kingdom (GBR) and Slovakia (SVK) Trade

2023

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Exports $1.71BRnk 37 / 223

2023

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About

United Kingdom-Slovakia Trade: In 2023, United Kingdom exported $1.71B to Slovakia. The main products that United Kingdom exported to Slovakia were Spark-Ignition Engines ($436M), Motor vehicles; parts and accessories (8701 to 8705) ($370M), and Combustion Engines ($128M). Over the past 5 years the exports of United Kingdom to Slovakia have increased at an annualized rate of 9.94%, from $1.07B in 2018 to $1.71B in 2023.

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 Trade: In 2023, Slovakia exported $5.95B to United Kingdom. The main products that Slovakia exported to United Kingdom were Cars ($3.62B), Video Displays ($451M), and Motor vehicles; parts and accessories (8701 to 8705) ($393M). Over the past 5 years the exports of Slovakia to United Kingdom have increased at an annualized rate of 12.1%, from $3.36B in 2018 to $5.95B in 2023.

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 2023, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £135M and imported £236M from Slovakia, resulting in a negative trade balance of £101M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-3.94M (-2.84%) from £139M to £135M, while imports increased by £23.2M (10.9%) from £213M to £236M.

Trade In November 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 November 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 November 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£99.2M), London (£10.6M), Immingham (£6.84M), Harwich (£5.8M), and Dover (£3.3M), while imports destinations were mainly Immingham (£107M), Dover (£54.2M), Dover Eurotunnel (£24M), Purfleet (£8.14M), and Oxford Airport (Kidlington) (£6.05M).

Growth In November 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 November 2024, the increase in United Kingdom's year-by-year imports from Slovakia was explained primarily by an increase in product imports in Cars (£48.1M or 325%), Rubber Tires (£3.55M or 142%), and Cheese (£2.98M or 325%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)£-3.94M(-2.84%)

IMPORT GROWTH (November 2023 - November 2024)£23.2M(10.9%)

MAIN EXPORTER (November 2024)Dover Eurotunnel£99.2M

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 2023, United Kingdom exported $1.71B to Slovakia. The main products exported from United Kingdom to Slovakia were Spark-Ignition Engines ($436M), Motor vehicles; parts and accessories (8701 to 8705) ($370M), and Combustion Engines ($128M). During the last 5 years the exports of United Kingdom to Slovakia have increased at an annualized rate of 9.94%, from $1.07B in 2018 to $1.71B in 2023.

In 2018, Slovakia exported $5.95B to United Kingdom. The main products exported from Slovakia to United Kingdom were Cars ($3.62B), Video Displays ($451M), and Motor vehicles; parts and accessories (8701 to 8705) ($393M). During the last 5 years the exports of Slovakia to United Kingdom have increased at an annualized rate of 12.1%, from $3.36B in 2023 to $5.95B in 2018.

Exports from United Kingdom () to Slovakia () (2023)

Exports from Slovakia () to United Kingdom () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$59.7B

Slovakia
Top DestinationGermany$21.5B

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 2023, countries that imported more from United Kingdom than Slovakia included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

In 2023, countries that imported more from Slovakia than United Kingdom included Czechia ($11.1B), Hungary ($7.34B), and Romania ($2.62B).

Difference in imports from Slovakia () and United Kingdom () (2023)

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 2023, United Kingdom had a large net trade with Slovakia in the exports of Machines ($756M), Transportation ($430M), and Plastics and Rubbers ($128M).

During 2018, Slovakia had a large net trade with United Kingdom in the exports of Transportation ($4.05B), Machines ($1.1B), and Plastics and Rubbers ($156M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Slovakia+$46.1MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Slovakia United Kingdom+$332MCars

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

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)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United Kingdom () and Slovakia () (2023)

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