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2022
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Exports $4.03BRnk 18 / 138
2022
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Top Product $4.61BPetroleum Gas
2022
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Exports $1.89BRnk 25 / 203
2022
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Top Product $123MCars
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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 $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 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

Russia-Slovakia Trade: In 2022, Russia exported $4.03B to Slovakia. The main products that Russia exported to Slovakia were Petroleum Gas ($4.61B), Crude Petroleum ($2.48B), and Iron Ore ($64.5M). Over the past 5 years the exports of Russia to Slovakia have increased at an annualized rate of 37.9%, from $808M in 2017 to $4.03B in 2022.

In 2020, Russia exported services to Slovakia worth $51.8M, with Other business services ($34.5M), Transportation ($6.49M), and Computer and information services ($3.83M) being the largest in terms of value.

Slovakia-Russia Trade: In 2022, Slovakia exported $1.89B to Russia. The main products that Slovakia exported to Russia were Cars ($123M), Air Pumps ($38.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($26.6M). Over the past 5 years the exports of Slovakia to Russia have increased at an annualized rate of 42.1%,  from $326M in 2017 to $1.89B in 2022.

In 2020, Slovakia exported services to Russia worth $487M, with Transportation ($421M), Travel ($24.9M), and Computer and information services ($23.9M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $639M and imported $126M from Slovakia, resulting in a positive trade balance of $513M. Between January 2021 and January 2022 the exports of Russia have increased by $359M (128%) from $280M to $639M, while imports increased by $187k (0.15%) from $126M to $126M.

Trade In January 2022, the top exports of Russia to Slovakia were N/A. In January 2022 the top imports of Russia from Slovakia were Vehicle Bodies (including cabs) for the... ($34.2M), Cars ($26.1M), Motor vehicles; parts and accessories (8701... ($16.7M), Spark-Ignition Engines ($3.57M), and Packaged Medicaments ($3.41M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($554M), REPUBLIC OF TATARSTAN ($34.6M), TULA REGION ($14.3M), KEMEROVO REGION ($8.55M), and BELGOROD REGION ($7.89M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($37.2M), KALININGRAD REGION ($33.7M), KALUGA REGION ($28M), MOSCOW REGION ($5.48M), and ROSTOV REGION ($3.49M).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2021 - January 2022)$359M(128%)
IMPORT GROWTH (January 2021 - January 2022)$187k(0.15%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$554M

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

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

For full datasets download visit Bulk Download page.

Explore Slovakia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $4.03B to Slovakia. The main products exported from Russia to Slovakia were Petroleum Gas ($4.61B), Crude Petroleum ($2.48B), and Iron Ore ($64.5M). During the last 5 years the exports of Russia to Slovakia have increased at an annualized rate of 37.9%, from $808M in 2017 to $4.03B in 2022.

In 2017, Slovakia exported $1.89B to Russia. The main products exported from Slovakia to Russia were Cars ($123M), Air Pumps ($38.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($26.6M). During the last 22 years the exports of Slovakia to Russia have increased at an annualized rate of 42.1%, from $326M in 1995 to $1.89B in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Russia than Slovakia included China ($101B), India ($40.4B), and Turkey ($25.3B).

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

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

Comparative Advantage Russia - Slovakia

Flow
Scale

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

During 2022, Russia had a large net trade with Slovakia in the exports of Mineral Products ($7.21B), Chemical Products ($105M), and Machines ($72.5M).

During 2017, Slovakia had a large net trade with Russia in the exports of Machines ($217M), Transportation ($150M), and Chemical Products ($42M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Slovakia+$38.7MCoal Briquettes
Top Product Potential Slovakia Russia+$144MCars

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, Russia exported services to Slovakia worth $51.8M, with Other business services ($34.5M), Transportation ($6.49M), and Computer and information services ($3.83M) being the largest in terms of value.

In 2020, Slovakia exported services to Russia worth $487M, with Transportation ($421M), Travel ($24.9M), and Computer and information services ($23.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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