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2022
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Exports $66.5MRnk 48 / 209
2022
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Top Product $47.6MRaw Aluminium
2022
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Exports $281MRnk 33 / 203
2022
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Top Product $62.5MCars
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 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

Norway-Slovakia Trade: In 2022, Norway exported $66.5M to Slovakia. The main products that Norway exported to Slovakia were Raw Aluminium ($47.6M), Ferroalloys ($24.3M), and Newsprint ($24M). Over the past 5 years the exports of Norway to Slovakia have increased at an annualized rate of 25.8%, from $21.2M in 2017 to $66.5M in 2022.

In 2009, Norway exported services to Slovakia worth $19.3M, with Communications services ($9.43M), Travel ($8.15M), and Government services, n.i.e. ($1.28M) being the largest in terms of value.

Slovakia-Norway Trade: In 2022, Slovakia exported $281M to Norway. The main products that Slovakia exported to Norway were Cars ($62.5M), Rubber Tires ($25.2M), and Electrical Transformers ($20M). Over the past 5 years the exports of Slovakia to Norway have increased at an annualized rate of 69.4%,  from $20.2M in 2017 to $281M in 2022.

In 2020, Slovakia exported services to Norway worth $22M, with Transportation ($11M), Other business services ($7.2M), and Travel ($2.17M) being the largest in terms of value.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Latest Trends

May, 2024

About

Overview In May 2024, Norway exported NOK115M and imported NOK309M from Slovakia, resulting in a negative trade balance of NOK194M. Between May 2023 and May 2024 the exports of Norway have decreased by NOK-33.6M (-22.6%) from NOK148M to NOK115M, while imports increased by NOK26.4M (9.34%) from NOK283M to NOK309M.

Trade In May 2024, the top exports of Norway to Slovakia were Non-ferrous metals (NOK47.4M), Paper, paperboard and articles of paper... (NOK19.3M), Road vehicles (including air-cushion vehicles) (NOK12.7M), Plastics in primary forms (NOK5.05M), and Professional, scientific and controlling instruments and... (NOK2.47M). In May 2024 the top imports of Norway from Slovakia were Road vehicles (including air-cushion vehicles) (NOK31.1M), General industrial machinery and equipment, n.e.s.,... (NOK26M), Telecommunications and sound-recording and reproducing apparatus... (NOK25.4M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK25.1M), and Manufactures of metals, n.e.s. (NOK18.9M).

Growth In May 2024, the decrease in Norway's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Power-generating machinery and equipment (NOK-1.34M or -98.2%), Prefabricated buildings; sanitary, plumbing, heating and... (NOK-730k or -100%), and Medicinal and pharmaceutical products (NOK-573k or -100%). In May 2024, the increase in Norway's year-by-year imports  from Slovakia was explained primarily by an increase in product imports  in General industrial machinery and equipment, n.e.s.,... (NOK12.6M or 94.7%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK6.39M or 34.1%), and Machinery specialized for particular industries (NOK5.66M or 151%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (May 2023 - May 2024)NOK-33.6M(-22.6%)
IMPORT GROWTH (May 2023 - May 2024)NOK26.4M(9.34%)

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

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

For full datasets download visit Bulk Download page.

Explore Slovakia and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $66.5M to Slovakia. The main products exported from Norway to Slovakia were Raw Aluminium ($47.6M), Ferroalloys ($24.3M), and Newsprint ($24M). During the last 5 years the exports of Norway to Slovakia have increased at an annualized rate of 25.8%, from $21.2M in 2017 to $66.5M in 2022.

In 2017, Slovakia exported $281M to Norway. The main products exported from Slovakia to Norway were Cars ($62.5M), Rubber Tires ($25.2M), and Electrical Transformers ($20M). During the last 22 years the exports of Slovakia to Norway have increased at an annualized rate of 69.4%, from $20.2M in 1995 to $281M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Norway than Slovakia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

Comparative Advantage Norway - Slovakia

Flow
Scale

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

During 2022, Norway had a large net trade with Slovakia in the exports of Metals ($89.9M), Paper Goods ($24.1M), and Transportation ($17.5M).

During 2017, Slovakia had a large net trade with Norway in the exports of Machines ($96.6M), Transportation ($87.4M), and Metals ($37.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Slovakia+$9.21MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Slovakia Norway+$72.2MCars

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 2009, Norway exported services to Slovakia worth $19.3M, with Communications services ($9.43M), Travel ($8.15M), and Government services, n.i.e. ($1.28M) being the largest in terms of value.

In 2020, Slovakia exported services to Norway worth $22M, with Transportation ($11M), Other business services ($7.2M), and Travel ($2.17M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Slovakia (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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