2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186

About

Israel-Slovakia Trade: In 2022, Israel exported $44M to Slovakia. The main products that Israel exported to Slovakia were Medical Instruments ($5.31M), Washing and Bottling Machines ($3.68M), and Tool Plates ($3.36M). Over the past 5 years the exports of Israel to Slovakia have decreased at an annualized rate of 3.7%, from $53.1M in 2017 to $44M in 2022.

In 2007, Israel exported services to Slovakia worth $989k, with Computer and information services ($984k) and Royalties and license fees ($5k) being the largest in terms of value.

Slovakia-Israel Trade: In 2022, Slovakia exported $294M to Israel. The main products that Slovakia exported to Israel were Cars ($148M), Video Displays ($44.8M), and Lifting Machinery ($24.2M). Over the past 5 years the exports of Slovakia to Israel have decreased at an annualized rate of 1.72%,  from $338M in 2017 to $294M in 2022.

In 2012, Slovakia exported services to Israel worth $17.5M, with Services not allocated ($9.11M), Travel ($5.65M), and Other business services ($1.72M) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Israel exported $44M to Slovakia. The main products exported from Israel to Slovakia were Medical Instruments ($5.31M), Washing and Bottling Machines ($3.68M), and Tool Plates ($3.36M). During the last 5 years the exports of Israel to Slovakia have decreased at an annualized rate of 3.7%, from $53.1M in 2017 to $44M in 2022.

In 2017, Slovakia exported $294M to Israel. The main products exported from Slovakia to Israel were Cars ($148M), Video Displays ($44.8M), and Lifting Machinery ($24.2M). During the last 5 years the exports of Slovakia to Israel have decreased at an annualized rate of 1.72%, from $338M in 2022 to $294M in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Slovakia (Flag)

Israel Exports

Slovakia Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Slovakia
Top Destination
Germany$22.2B

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

In 2022, countries that imported more from Israel than Slovakia included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

In 2022, countries that imported more from Slovakia than Israel included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage Israel - Slovakia

Flow
Scale

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

During 2022, Israel had a large net trade with Slovakia in the exports of Machines ($12.2M), Chemical Products ($8.1M), and Instruments ($6.59M).

During 2017, Slovakia had a large net trade with Israel in the exports of Transportation ($150M), Machines ($104M), and Plastics and Rubbers ($7.87M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Slovakia+$3.56MPackaged Medicaments
Top Product Potential Slovakia Israel+$88MCars

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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Economic Complexity

Competitive Landscape

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

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

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