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2022
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Exports $215MRnk 48 / 210
2022
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Top Product $56.6MPackaged Medicaments
2022
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Exports $172MRnk 40 / 203
2022
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Top Product $135MCars
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$21,258CURRENT US$
Rnk 48 / 186
2012-2022
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GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186

About

Ireland-Slovakia Trade: In 2022, Ireland exported $215M to Slovakia. The main products that Ireland exported to Slovakia were Packaged Medicaments ($56.6M), Broadcasting Equipment ($36.3M), and Video and Card Games ($21M). Over the past 5 years the exports of Ireland to Slovakia have increased at an annualized rate of 59.5%, from $20.8M in 2017 to $215M in 2022.

In 2020, Ireland exported services to Slovakia worth $40M, with Other business services ($24M), Insurance services ($8M), and Transportation ($4.57M) being the largest in terms of value.

Slovakia-Ireland Trade: In 2022, Slovakia exported $172M to Ireland. The main products that Slovakia exported to Ireland were Cars ($135M), Delivery Trucks ($13.6M), and Excavation Machinery ($8.52M). Over the past 5 years the exports of Slovakia to Ireland have increased at an annualized rate of 88.4%,  from $7.24M in 2017 to $172M in 2022.

In 2020, Slovakia exported services to Ireland worth $350M, with Other business services ($280M), Computer and information services ($52.4M), and Travel ($8.45M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Latest Trends

April, 2024

About

Overview In April 2024, Ireland exported €14.8M and imported €20M from Slovakia, resulting in a negative trade balance of €5.13M. Between April 2023 and April 2024 the exports of Ireland have decreased by €-438k (-2.86%) from €15.3M to €14.8M, while imports increased by €13.3M (199%) from €6.69M to €20M.

Trade In April 2024, the top exports of Ireland to Slovakia were N/A. In April 2024 the top imports of Ireland from Slovakia were Medicinal and pharmaceutical products (€836k), Telecommunications and sound recording, reproducing equipment (€729k), General industrial machinery and parts, n.e.s. (€674k), Machinery specialised for particular industries (€535k), and Unclassified estimates (€344k).

Growth In April 2024, the decrease in Ireland's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Medicinal and pharmaceutical products (€-1.69M or -53.3%), Chemical materials and products, n.e.s. (€-529k or -99.2%), and Power generating machinery and equipment (€-284k or -45.4%). In April 2024, the increase in Ireland's year-by-year imports  from Slovakia was explained primarily by an increase in product imports  in Medicinal and pharmaceutical products (€457k or 121%), Professional, scientific and controlling apparatus (€223k or 2.03k%), and Footwear (€161k or 131%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)€-438k(-2.86%)
IMPORT GROWTH (April 2023 - April 2024)€13.3M(199%)

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

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

For full datasets download visit Bulk Download page.

Explore Slovakia and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $215M to Slovakia. The main products exported from Ireland to Slovakia were Packaged Medicaments ($56.6M), Broadcasting Equipment ($36.3M), and Video and Card Games ($21M). During the last 5 years the exports of Ireland to Slovakia have increased at an annualized rate of 59.5%, from $20.8M in 2017 to $215M in 2022.

In 2017, Slovakia exported $172M to Ireland. The main products exported from Slovakia to Ireland were Cars ($135M), Delivery Trucks ($13.6M), and Excavation Machinery ($8.52M). During the last 22 years the exports of Slovakia to Ireland have increased at an annualized rate of 88.4%, from $7.24M in 1995 to $172M in 2017.

Exports from Ireland (Flag) to Slovakia (Flag) (2022)

Exports from Slovakia (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Ireland than Slovakia included United States ($70.7B), Belgium ($17B), and United Kingdom ($19B).

In 2022, countries that imported more from Slovakia than Ireland included Czechia ($12.6B), Hungary ($9.79B), and Poland ($8.05B).

Difference in imports from Slovakia (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Slovakia

Flow
Scale

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

During 2022, Ireland had a large net trade with Slovakia in the exports of Machines ($110M), Chemical Products ($76.4M), and Miscellaneous ($21.5M).

During 2017, Slovakia had a large net trade with Ireland in the exports of Transportation ($151M), Machines ($36.3M), and Chemical Products ($24.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Slovakia+$27.8MPackaged Medicaments
Top Product Potential Slovakia Ireland+$63.2MCars

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, Ireland exported services to Slovakia worth $40M, with Other business services ($24M), Insurance services ($8M), and Transportation ($4.57M) being the largest in terms of value.

In 2020, Slovakia exported services to Ireland worth $350M, with Other business services ($280M), Computer and information services ($52.4M), and Travel ($8.45M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Slovakia (Flag) (2022)

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