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2023
Flag → Flag
Exports $701MRnk 80 / 220
2023
Flag → Flag
Top Product $155MBroadcasting Equipment
2023
Flag → Flag
Exports $241MRnk 45 / 197
2023
Flag → Flag
Top Product $64.1MCars
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.35Rnk 15 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$133BCURRENT US$
Rnk 61 / 195
2013-2023
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GDP GROWTH34.1%CURRENT US$
Rnk 104 / 195
2023
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GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
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GDP PC$24,491CURRENT US$
Rnk 51 / 196
2013-2023
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GDP PC GROWTH33.7%CURRENT US$
Rnk 71 / 195

About

India-Slovakia Trade: In 2023, India exported $701M to Slovakia. The main products that India exported to Slovakia were Broadcasting Equipment ($155M), Motor vehicles; parts and accessories (8701 to 8705) ($65.3M), and Footwear Parts ($31.8M). Over the past 5 years the exports of India to Slovakia have increased at an annualized rate of 16.7%, from $324M in 2018 to $701M in 2023.

In 2023, India did not export any services to Slovakia.

Slovakia-India Trade: In 2023, Slovakia exported $241M to India. The main products that Slovakia exported to India were Cars ($64.1M), Broadcasting Equipment ($8.94M), and Motor vehicles; parts and accessories (8701 to 8705) ($8.51M). Over the past 5 years the exports of Slovakia to India have increased at an annualized rate of 19.2%,  from $99.9M in 2018 to $241M in 2023.

In 2020, Slovakia exported services to India worth $8.11M, with Travel ($2.51M), Other business services ($2.51M), and Computer and information services ($1.94M) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Latest Trends

N/A

About

Overview In N/A, India exported $N/A and imported $N/A from Slovakia, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of India have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of India to Slovakia were . In N/A the top imports of India from Slovakia were .

Growth In N/A, the N/A in India's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in . In N/A, the N/A in India's year-by-year imports  from Slovakia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value

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

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

For full datasets download visit Bulk Download page.

Explore Slovakia and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $701M to Slovakia. The main products exported from India to Slovakia were Broadcasting Equipment ($155M), Motor vehicles; parts and accessories (8701 to 8705) ($65.3M), and Footwear Parts ($31.8M). During the last 5 years the exports of India to Slovakia have increased at an annualized rate of 16.7%, from $324M in 2018 to $701M in 2023.

In 2018, Slovakia exported $241M to India. The main products exported from Slovakia to India were Cars ($64.1M), Broadcasting Equipment ($8.94M), and Motor vehicles; parts and accessories (8701 to 8705) ($8.51M). During the last 5 years the exports of Slovakia to India have increased at an annualized rate of 19.2%, from $99.9M in 2023 to $241M in 2018.

Exports from India (Flag) to Slovakia (Flag) (2023)

Exports from Slovakia (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Slovakia
Top DestinationGermany$21.5B

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

In 2023, countries that imported more from India than Slovakia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Slovakia than India included Czechia ($11.1B), Hungary ($7.34B), and Germany ($21.5B).

Difference in imports from Slovakia (Flag) and India (Flag) (2023)

Comparative Advantage India - Slovakia

Flow
Scale

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

During 2023, India had a large net trade with Slovakia in the exports of Machines ($267M), Textiles ($88.5M), and Transportation ($68.5M).

During 2018, Slovakia had a large net trade with India in the exports of Machines ($107M), Transportation ($82.3M), and Instruments ($16.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Slovakia+$50.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Slovakia India+$40MCars

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

In 2020, Slovakia exported services to India worth $8.11M, with Travel ($2.51M), Other business services ($2.51M), and Computer and information services ($1.94M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovakia (Flag) to India (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Slovakia (Flag) (2023)

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