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$4.23TCURRENT US$
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-32.5%CURRENT US$
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$115BCURRENT US$
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22%CURRENT US$
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$33,815CURRENT US$
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-31.2%CURRENT US$
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$21,258CURRENT US$
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21.5%CURRENT US$
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About

Japan-Slovakia Trade: In 2022, Japan exported $320M to Slovakia. The main products that Japan exported to Slovakia were Cars ($55.2M), Electrical Ignitions ($16.1M), and Integrated Circuits ($10.2M). Over the past 5 years the exports of Japan to Slovakia have decreased at an annualized rate of 2.74%, from $368M in 2017 to $320M in 2022.

In 2022, Japan did not export any services to Slovakia.

Slovakia-Japan Trade: In 2022, Slovakia exported $335M to Japan. The main products that Slovakia exported to Japan were Cars ($211M), Transmissions ($10.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($10.5M). Over the past 5 years the exports of Slovakia to Japan have increased at an annualized rate of 13.9%,  from $175M in 2017 to $335M in 2022.

In 2020, Slovakia exported services to Japan worth $105M, with Computer and information services ($97M), Travel ($5.48M), and Other business services ($1.14M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported $320M to Slovakia. The main products exported from Japan to Slovakia were Cars ($55.2M), Electrical Ignitions ($16.1M), and Integrated Circuits ($10.2M). During the last 5 years the exports of Japan to Slovakia have decreased at an annualized rate of 2.74%, from $368M in 2017 to $320M in 2022.

In 2017, Slovakia exported $335M to Japan. The main products exported from Slovakia to Japan were Cars ($211M), Transmissions ($10.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($10.5M). During the last 5 years the exports of Slovakia to Japan have increased at an annualized rate of 13.9%, from $175M in 2022 to $335M in 2017.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Slovakia
Top Destination
Germany$22.2B

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

In 2022, countries that imported more from Japan than Slovakia included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Slovakia than Japan included Czechia ($12.6B), Hungary ($9.79B), and Austria ($5.81B).

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

Comparative Advantage Japan - Slovakia

Flow
Scale

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

During 2022, Japan had a large net trade with Slovakia in the exports of Machines ($135M), Transportation ($81.2M), and Instruments ($30.4M).

During 2017, Slovakia had a large net trade with Japan in the exports of Transportation ($223M), Machines ($73.3M), and Miscellaneous ($7.44M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Slovakia+$81.6MCars
Top Product Potential Slovakia Japan+$166MCars

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 Japan worth $105M, with Computer and information services ($97M), Travel ($5.48M), and Other business services ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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