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

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Norway-Slovakia In 2022, Norway exported $161M to Slovakia. The main products that Norway exported to Slovakia are Raw Aluminium ($47.6M), Ferroalloys ($24.3M), and Newsprint ($24M). During the last 27 years the exports of Norway to Slovakia have increased at an annualized rate of 7.81%, from $21.2M in 1995 to $161M 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 In 2022, Slovakia exported $318M to Norway. The main products that Slovakia exported to Norway were Cars ($62.5M), Rubber Tires ($25.2M), and Electrical Transformers ($20M). During the last 27 years the exports of Slovakia to Norway have increased at an annualized rate of 10.8%, from $20.2M in 1995 to $318M 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 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.3), and 41 in total exports ($110B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK121M and imported NOK270M from Slovakia, resulting in a negative trade balance of NOK148M. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-36.8M (-23.2%) from NOK158M to NOK121M, while imports decreased by NOK-110M (-28.9%) from NOK379M to NOK270M.

Trade In February 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 February 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 February 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 February 2024, the decrease in Norway's year-by-year imports from Slovakia was explained primarily by an decrease in product imports in Telecommunications and sound-recording and reproducing apparatus... (NOK-31.5M or -55.3%), Iron and steel (NOK-2.87M or -33.9%), and Articles of apparel and clothing accessories (NOK-2.35M or -73%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-36.8M(-23.2%)

IMPORT GROWTH (February 2023 - February 2024)NOK-110M(-28.9%)

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

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $161M to Slovakia. The main products exported from Norway to Slovakia were Raw Aluminium ($47.6M), Ferroalloys ($24.3M), and Newsprint ($24M). During the last 27 years the exports of Norway to Slovakia have increased at an annualized rate of 7.81%, from $21.2M in 1995 to $161M in 2022.

In 2022, Slovakia exported $318M 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 27 years the exports of Slovakia to Norway have increased at an annualized rate of 10.8%, from $20.2M in 1995 to $318M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Norway than Slovakia were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Slovakia than Norway were Czechia ($12.6B), Hungary ($9.79B), and Austria ($5.81B).

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

Comparative Advantage Norway - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Slovakia had a large net trade with Norway in the exports of Machines ($96.6M), Transportation ($87.4M), and Metals ($37.7M).

Service Trade

Bilateral Service Trade

Svk Year

Nor 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.

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

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

Economic Complexity

Competitive Landscape

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

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Norway - Slovakia

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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