2022
Flag  
GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
 GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC 
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186

About

Slovakia-China Trade: In 2022, Slovakia exported $3B to China. The main products that Slovakia exported to China were Cars ($2.34B), Transmissions ($83.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($55.3M). Over the past 5 years the exports of Slovakia to China have increased at an annualized rate of 15.2%, from $1.48B in 2017 to $3B in 2022.

In 2020, Slovakia exported services to China worth $32.3M, with Other business services ($10.1M), Communications services ($9.48M), and Travel ($7.2M) being the largest in terms of value.

China-Slovakia Trade: In 2022, China exported $5.84B to Slovakia. The main products that China exported to Slovakia were Electric Batteries ($1.19B), Broadcasting Equipment ($518M), and Motor vehicles; parts and accessories (8701 to 8705) ($320M). Over the past 5 years the exports of China to Slovakia have increased at an annualized rate of 8.64%,  from $3.86B in 2017 to $5.84B in 2022.

In 2022, China did not export any services to Slovakia.

Comparison: In 2022,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $3B to China. The main products exported from Slovakia to China were Cars ($2.34B), Transmissions ($83.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($55.3M). During the last 5 years the exports of Slovakia to China have increased at an annualized rate of 15.2%, from $1.48B in 2017 to $3B in 2022.

In 2017, China exported $5.84B to Slovakia. The main products exported from China to Slovakia were Electric Batteries ($1.19B), Broadcasting Equipment ($518M), and Motor vehicles; parts and accessories (8701 to 8705) ($320M). During the last 5 years the exports of China to Slovakia have increased at an annualized rate of 8.64%, from $3.86B in 2022 to $5.84B in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and China (Flag)

Slovakia Exports

China Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
China
Top Destination
United States$551B

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

In 2022, countries that imported more from Slovakia than China included San Marino ($10.2M), Guam ($197k), and French South Antarctic Territory ($97.8k).

In 2022, countries that imported more from China than Slovakia included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Slovakia - China

Flow
Scale

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

During 2022, Slovakia had a large net trade with China in the exports of Transportation ($2.4B), Machines ($426M), and Metals ($39.6M).

During 2017, China had a large net trade with Slovakia in the exports of Machines ($4.03B), Transportation ($383M), and Metals ($371M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia China+$530MCars
Top Product Potential China Slovakia+$211MMotor vehicles; parts and accessories (8701 to 8705)

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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Economic Complexity

Competitive Landscape

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

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

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