Flag Romania / Slovakia Flag

2020
FlagFlag
Exports
: $1.53B, Rnk 14 / 194

2020
FlagFlag
Top Product
: $261M, Insulated Wire

2020
FlagFlag
Exports
: $2.2B, Rnk 11 / 192

2020
FlagFlag
Top Product
: $492M, Broadcasting Equipment

2020
Flag
Economic Complexity (ECI)
: ECI 1.01, Rnk 26 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 1.31, Rnk 18 / 127

2020
Flag  
GDP
: $250B, CURRENT US$
Rnk 45 / 204

2010-2020
Flag
GDP GROWTH
: 50%, CURRENT US$
Rnk 57 / 204

2020
Flag
 GDP
: $105B, CURRENT US$
Rnk 62 / 204

2010-2020
Flag
GDP GROWTH
: 15.8%, CURRENT US$
Rnk 129 / 204

2020
Flag
GDP PC 
: $12,957, CURRENT US$
Rnk 70 / 204

2010-2020
Flag
GDP PC GROWTH
: 57.7%, CURRENT US$
Rnk 24 / 204

2020
Flag
GDP PC
: $19,267, CURRENT US$
Rnk 55 / 204

2010-2020
Flag
GDP PC GROWTH
: 14.4%, CURRENT US$
Rnk 102 / 204

Romania-Slovakia In 2020, Romania exported $1.53B to Slovakia. The main products that Romania exported to Slovakia are Insulated Wire ($261M), Motor vehicles; parts and accessories (8701 to 8705) ($223M), and Seats ($186M). During the last 25 years the exports of Romania to Slovakia have increased at an annualized rate of 19.6%, from $17.6M in 1995 to $1.53B in 2020.

In 2020, Romania exported services to Slovakia worth $157M, with Transportation ($95.6M), Other business services ($32.8M), and Communications services ($8.57M) being the largest in terms of value.

Slovakia-Romania In 2020, Slovakia exported $2.2B to Romania. The main products that Slovakia exported to Romania were Broadcasting Equipment ($492M), Video Displays ($159M), and Motor vehicles; parts and accessories (8701 to 8705) ($113M). During the last 25 years the exports of Slovakia to Romania have increased at an annualized rate of 15.9%, from $54.6M in 1995 to $2.2B in 2020.

In 2020, Slovakia exported services to Romania worth $85.3M, with Transportation ($34.8M), Travel ($12.6M), and Other business services ($11M) being the largest in terms of value.

Comparison In 2020,  Romania ranked 26 in the Economic Complexity Index (ECI 1.01), and 41 in total exports ($73B). That same year, Slovakia ranked 18 in the Economic Complexity Index (ECI 1.31), and 37 in total exports ($86.4B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Romania exported $1.53B to Slovakia. The main products exported from Romania to Slovakia were Insulated Wire ($261M), Motor vehicles; parts and accessories (8701 to 8705) ($223M), and Seats ($186M). During the last 25 years the exports of Romania to Slovakia have increased at an annualized rate of 19.6%, from $17.6M in 1995 to $1.53B in 2020.

In 2020, Slovakia exported $2.2B to Romania. The main products exported from Slovakia to Romania were Broadcasting Equipment ($492M), Video Displays ($159M), and Motor vehicles; parts and accessories (8701 to 8705) ($113M). During the last 25 years the exports of Slovakia to Romania have increased at an annualized rate of 15.9%, from $54.6M in 1995 to $2.2B in 2020.

Romania Exports

#permalink to section

Slovakia Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Romania
Top Destination
: Germany, $15.9B

Slovakia
Top Destination
: Germany, $19.2B

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

In 2019, countries that imported more from Romania than Slovakia were Italy ($7.45B), Bulgaria ($2.59B), and Turkey ($2.59B).

In 2019, countries that imported more from Slovakia than Romania were Czechia ($8.74B), Germany ($19.2B), and Poland ($5.85B).

Comparative Advantage Romania - Slovakia

#permalink to section
Flow

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

During 2020, Romania had a large net trade with Slovakia in the exports of Machines ($653M), Transportation ($248M), and Miscellaneous ($196M).

During 2020, Slovakia had a large net trade with Romania in the exports of Machines ($1.07B), Metals ($242M), and Transportation ($231M).

Bilateral Service Trade

#permalink to section

In 2020, Romania exported services to Slovakia worth $157M, with Transportation ($95.6M), Other business services ($32.8M), and Communications services ($8.57M) being the largest in terms of value.

In 2020, Slovakia exported services to Romania worth $85.3M, with Transportation ($34.8M), Travel ($12.6M), and Other business services ($11M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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