Ireland (IRL) and Slovakia (SVK) Trade | OEC - The Observatory of Economic Complexity

About

Ireland-Slovakia In 2021, Ireland exported $273M to Slovakia. The main products that Ireland exported to Slovakia are Packaged Medicaments ($69.9M), Broadcasting Equipment ($28M), and Aluminium Oxide ($27.1M). During the last 26 years the exports of Ireland to Slovakia have increased at an annualized rate of 10.4%, from $20.7M in 1995 to $273M in 2021.

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 In 2021, Slovakia exported $228M to Ireland. The main products that Slovakia exported to Ireland were Cars ($104M), Delivery Trucks ($12.6M), and Vaccines, blood, antisera, toxins and cultures ($11.4M). During the last 26 years the exports of Slovakia to Ireland have increased at an annualized rate of 14.2%, from $7.2M in 1995 to $228M in 2021.

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 2021, Ireland ranked 17 in the Economic Complexity Index (ECI 1.29), and 30 in total exports ($212B). That same year, Slovakia ranked 16 in the Economic Complexity Index (ECI 1.31), and 38 in total exports ($104B).

Latest Trends

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January, 2023

About

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Overview In January 2023, Ireland exported €9.12M and imported €5.65M from Slovakia, resulting in a positive trade balance of €3.47M. Between January 2022 and January 2023 the exports of Ireland have decreased by €-1.01M (-9.98%) from €10.1M to €9.12M, while imports decreased by €-655k (-10.4%) from €6.3M to €5.65M.

Trade In January 2023, the top exports of Ireland to Slovakia were Medicinal and pharmaceutical products (€3.16M), Electrical machinery, appliances etc., n.e.s. (€2.96M), Power generating machinery and equipment (€626k), Chemical materials and products, n.e.s. (€533k), and Meat and meat preparations (€501k). In January 2023 the top imports of Ireland from Slovakia were General industrial machinery and parts, n.e.s. (€1.64M), Telecommunications and sound recording, reproducing equipment (€1.27M), Machinery specialised for particular industries (€714k), Unclassified estimates (€388k), and Medicinal and pharmaceutical products (€379k).

Growth In January 2023, 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 (€-1.55M or -32.9%), Electrical machinery, appliances etc., n.e.s. (€-1.29M or -30.3%), and Inorganic chemicals (€-450k or -98.7%). In January 2023, the decrease in Ireland's year-by-year imports from Slovakia was explained primarily by an decrease in product imports in Office machines and automatic data processing... (€-42k or -87.5%), Sugar, sugar preparations and honey (€-37k or -28.9%), and Chemical materials and products, n.e.s. (€-36k or -66.7%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (January 2022 - January 2023): €-1.01M, (-9.98%)

IMPORT GROWTH (January 2022 - January 2023): €-655k, (-10.4%)

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Ireland exported $273M to Slovakia. The main products exported from Ireland to Slovakia were Packaged Medicaments ($69.9M), Broadcasting Equipment ($28M), and Aluminium Oxide ($27.1M). During the last 26 years the exports of Ireland to Slovakia have increased at an annualized rate of 10.4%, from $20.7M in 1995 to $273M in 2021.

In 2021, Slovakia exported $228M to Ireland. The main products exported from Slovakia to Ireland were Cars ($104M), Delivery Trucks ($12.6M), and Vaccines, blood, antisera, toxins and cultures ($11.4M). During the last 26 years the exports of Slovakia to Ireland have increased at an annualized rate of 14.2%, from $7.2M in 1995 to $228M in 2021.

Market Competitiveness

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Color

SectionYear

Ireland
Top Destination: United States, $59.8B

Slovakia
Top Destination: Germany, $21.8B

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 2021, countries that imported more from Ireland than Slovakia were United States ($59.8B), United Kingdom ($19.7B), and Belgium ($13.6B).

In 2021, countries that imported more from Slovakia than Ireland were Czechia ($11.6B), Hungary ($7.72B), and Poland ($8.47B).

Comparative Advantage Ireland - Slovakia

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Flow

Scale

Year

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

During 2021, Ireland had a large net trade with Slovakia in the exports of Chemical Products ($113M), Machines ($105M), and Miscellaneous ($15.5M).

During 2021, Slovakia had a large net trade with Ireland in the exports of Transportation ($120M), Machines ($50.4M), and Chemical Products ($27.3M).

Service Trade

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Bilateral Service Trade

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Svk YearIrl Year

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.

Economic Complexity

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Competitive Landscape

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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 Ireland has comparative advantage over Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over Ireland.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Ireland - Slovakia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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