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2023
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Exports $457MRnk 40 / 211
2023
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Top Product $118MPackaged Medicaments
2023
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Exports $290MRnk 41 / 197
2023
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Top Product $152MCars
2023
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Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 1.35Rnk 15 / 132
2023
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GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
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2023
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 GDP$133BCURRENT US$
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2013-2023
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GDP GROWTH34.1%CURRENT US$
Rnk 104 / 195
2023
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GDP PC $103,888CURRENT US$
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2013-2023
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GDP PC GROWTH97.4%CURRENT US$
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2023
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GDP PC$24,491CURRENT US$
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2013-2023
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GDP PC GROWTH33.7%CURRENT US$
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About

Ireland-Slovakia Trade: In 2023, Ireland exported $457M to Slovakia. The main products that Ireland exported to Slovakia were Packaged Medicaments ($118M), Video and Card Games ($76M), and Broadcasting Equipment ($64.9M). Over the past 5 years the exports of Ireland to Slovakia have increased at an annualized rate of 16.3%, from $214M in 2018 to $457M in 2023.

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 2023, Slovakia exported $290M to Ireland. The main products that Slovakia exported to Ireland were Cars ($152M), Delivery Trucks ($15.8M), and Video Displays ($11.6M). Over the past 5 years the exports of Slovakia to Ireland have increased at an annualized rate of 16.3%,  from $136M in 2018 to $290M in 2023.

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 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). 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, Ireland exported €16.9M and imported €24.3M from Slovakia, resulting in a negative trade balance of €7.34M. Between November 2023 and November 2024 the exports of Ireland have increased by €2.2M (15%) from €14.7M to €16.9M, while imports decreased by €-9.49M (-28.1%) from €33.8M to €24.3M.

Trade In November 2024, the top exports of Ireland to Slovakia were Electrical machinery, appliances etc., n.e.s. (€2.98M), Medicinal and pharmaceutical products (€1.48M), Telecommunications and sound recording, reproducing equipment (€629k), Miscellaneous manufactured articles, n.e.s. (€530k), and Meat and meat preparations (€458k). In November 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 November 2024, the increase in Ireland's year-by-year exports to Slovakia was explained primarily by an increase in product exports in Telecommunications and sound recording, reproducing equipment (€468k or 291%), Miscellaneous manufactured articles, n.e.s. (€410k or 342%), and Plastics in non-primary forms (€254k or 339%). In November 2024, the decrease in Ireland's year-by-year imports  from Slovakia was explained primarily by an decrease in product imports  in General industrial machinery and parts, n.e.s. (€-969k or -59%), Telecommunications and sound recording, reproducing equipment (€-542k or -42.6%), and Machinery specialised for particular industries (€-179k or -25.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€2.2M(15%)
IMPORT GROWTH (November 2023 - November 2024)€-9.49M(-28.1%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $457M to Slovakia. The main products exported from Ireland to Slovakia were Packaged Medicaments ($118M), Video and Card Games ($76M), and Broadcasting Equipment ($64.9M). During the last 5 years the exports of Ireland to Slovakia have increased at an annualized rate of 16.3%, from $214M in 2018 to $457M in 2023.

In 2018, Slovakia exported $290M to Ireland. The main products exported from Slovakia to Ireland were Cars ($152M), Delivery Trucks ($15.8M), and Video Displays ($11.6M). During the last 5 years the exports of Slovakia to Ireland have increased at an annualized rate of 16.3%, from $136M in 2023 to $290M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Slovakia
Top DestinationGermany$21.5B

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 2023, countries that imported more from Ireland than Slovakia included United States ($67.4B), Belgium ($18.7B), and China ($18B).

In 2023, countries that imported more from Slovakia than Ireland included Czechia ($11.1B), Hungary ($7.34B), and Poland ($6.09B).

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

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 2023, Ireland had a large net trade with Slovakia in the exports of Machines ($171M), Chemical Products ($131M), and Miscellaneous ($76.3M).

During 2018, Slovakia had a large net trade with Ireland in the exports of Transportation ($170M), Machines ($60M), and Chemical Products ($22M).

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) (2023)

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