Norway (NOR) and Slovakia (SVK) Trade | OEC - The Observatory of Economic Complexity

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Norway-Slovakia In 2021, Norway exported $111M to Slovakia. The main products that Norway exported to Slovakia are Newsprint ($18.5M), Ferroalloys ($17.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($15.6M). During the last 26 years the exports of Norway to Slovakia have increased at an annualized rate of 6.66%, from $20.7M in 1995 to $111M in 2021.

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 In 2021, Slovakia exported $306M to Norway. The main products that Slovakia exported to Norway were Cars ($103M), Video Displays ($16.6M), and Electrical Transformers ($15.8M). During the last 26 years the exports of Slovakia to Norway have increased at an annualized rate of 11.1%, from $19.8M in 1995 to $306M in 2021.

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 2021, Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B). 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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March, 2023

About

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Overview In March 2023, Norway exported NOK187M and imported NOK324M from Slovakia, resulting in a negative trade balance of NOK137M. Between March 2022 and March 2023 the exports of Norway have increased by NOK97.9M (110%) from NOK88.8M to NOK187M, while imports increased by NOK35.6M (12.4%) from NOK288M to NOK324M.

Trade In March 2023, the top exports of Norway to Slovakia were Paper, paperboard and articles of paper... (NOK15.4M), Non-ferrous metals (NOK6.39M), Road vehicles (including air-cushion vehicles) (NOK6.19M), Plastics in primary forms (NOK3.59M), and Power-generating machinery and equipment (NOK1.37M). In March 2023 the top imports of Norway from Slovakia were Telecommunications and sound-recording and reproducing apparatus... (NOK56.9M), Road vehicles (including air-cushion vehicles) (NOK32.9M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK18.7M), Manufactures of metals, n.e.s. (NOK17.2M), and Rubber manufactures, n.e.s. (NOK15.8M).

Growth In March 2023, the increase in Norway's year-by-year exports to Slovakia was explained primarily by an increase in product exports in Plastics in primary forms (NOK2.38M or 196%), Paper, paperboard and articles of paper... (NOK2.16M or 16.3%), and Power-generating machinery and equipment (NOK1.25M or 1.06k%). In March 2023, the increase in Norway's year-by-year imports from Slovakia was explained primarily by an increase in product imports in Telecommunications and sound-recording and reproducing apparatus... (NOK20.4M or 55.6%), Rubber manufactures, n.e.s. (NOK7.84M or 98.3%), and Manufactures of metals, n.e.s. (NOK6.47M or 60.4%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (March 2022 - March 2023): NOK97.9M, (110%)

IMPORT GROWTH (March 2022 - March 2023): NOK35.6M, (12.4%)

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Norway exported $111M to Slovakia. The main products exported from Norway to Slovakia were Newsprint ($18.5M), Ferroalloys ($17.9M), and Motor vehicles; parts and accessories (8701 to 8705) ($15.6M). During the last 26 years the exports of Norway to Slovakia have increased at an annualized rate of 6.66%, from $20.7M in 1995 to $111M in 2021.

In 2021, Slovakia exported $306M to Norway. The main products exported from Slovakia to Norway were Cars ($103M), Video Displays ($16.6M), and Electrical Transformers ($15.8M). During the last 26 years the exports of Slovakia to Norway have increased at an annualized rate of 11.1%, from $19.8M in 1995 to $306M in 2021.

Market Competitiveness

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Color

SectionYear

Norway
Top Destination: United Kingdom, $33.5B

Slovakia
Top Destination: Germany, $21.8B

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 2021, countries that imported more from Norway than Slovakia were United Kingdom ($33.5B), Sweden ($13.7B), and Netherlands ($12.2B).

In 2021, countries that imported more from Slovakia than Norway were Czechia ($11.6B), Hungary ($7.72B), and Austria ($5.72B).

Comparative Advantage Norway - Slovakia

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Flow

Scale

Year

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

During 2021, Norway had a large net trade with Slovakia in the exports of Metals ($41.5M), Paper Goods ($18.5M), and Transportation ($16.4M).

During 2021, Slovakia had a large net trade with Norway in the exports of Transportation ($114M), Machines ($73.9M), and Metals ($42.7M).

Service Trade

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Bilateral Service Trade

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Svk YearNor Year

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.

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Norway - Slovakia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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