2022
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GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
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 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
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GDP PC 
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186
2022
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GDP PC
$48,432CURRENT US$
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2012-2022
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GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Slovakia-Germany Trade: In 2022, Slovakia exported $16.8B to Germany. The main products that Slovakia exported to Germany were Cars ($6.73B), Motor vehicles; parts and accessories (8701 to 8705) ($2.16B), and Video Displays ($560M). Over the past 5 years the exports of Slovakia to Germany have increased at an annualized rate of 56.6%, from $1.79B in 2017 to $16.8B in 2022.

In 2020, Slovakia exported services to Germany worth $1.57B, with Other business services ($544M), Transportation ($451M), and Computer and information services ($353M) being the largest in terms of value.

Germany-Slovakia Trade: In 2022, Germany exported $14.6B to Slovakia. The main products that Germany exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($2.74B), Cars ($829M), and Other Plastic Products ($305M). Over the past 5 years the exports of Germany to Slovakia have increased at an annualized rate of 46.9%,  from $2.14B in 2017 to $14.6B in 2022.

In 2020, Germany exported services to Slovakia worth $1.17B, with Other business services ($446M), Transportation ($353M), and Computer and information services ($190M) being the largest in terms of value.

Comparison: In 2022,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $16.8B to Germany. The main products exported from Slovakia to Germany were Cars ($6.73B), Motor vehicles; parts and accessories (8701 to 8705) ($2.16B), and Video Displays ($560M). During the last 5 years the exports of Slovakia to Germany have increased at an annualized rate of 56.6%, from $1.79B in 2017 to $16.8B in 2022.

In 2017, Germany exported $14.6B to Slovakia. The main products exported from Germany to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($2.74B), Cars ($829M), and Other Plastic Products ($305M). During the last 22 years the exports of Germany to Slovakia have increased at an annualized rate of 46.9%, from $2.14B in 1995 to $14.6B in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Germany (Flag)

Slovakia Exports

Germany Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
Germany
Top Destination
United States$153B

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

In 2022, countries that imported more from Slovakia than Germany included Cook Islands ($205k).

In 2022, countries that imported more from Germany than Slovakia included United States ($153B), France ($120B), and Netherlands ($109B).

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

Comparative Advantage Slovakia - Germany

Flow
Scale

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

During 2022, Slovakia had a large net trade with Germany in the exports of Transportation ($9.38B), Machines ($6.6B), and Metals ($1.83B).

During 2017, Germany had a large net trade with Slovakia in the exports of Machines ($4.65B), Transportation ($4.01B), and Metals ($2.24B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Germany+$125MTelephones
Top Product Potential Germany Slovakia+$204MCars

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, Slovakia exported services to Germany worth $1.57B, with Other business services ($544M), Transportation ($451M), and Computer and information services ($353M) being the largest in terms of value.

In 2020, Germany exported services to Slovakia worth $1.17B, with Other business services ($446M), Transportation ($353M), and Computer and information services ($190M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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