2022
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GDP
$115BCURRENT US$
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2012-2022
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GDP GROWTH
22%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$21,258CURRENT US$
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2012-2022
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GDP PC GROWTH
21.5%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Slovakia-Spain Trade: In 2022, Slovakia exported $2.41B to Spain. The main products that Slovakia exported to Spain were Cars ($941M), Video Displays ($258M), and Motor vehicles; parts and accessories (8701 to 8705) ($196M). Over the past 5 years the exports of Slovakia to Spain have decreased at an annualized rate of 0.81%, from $2.51B in 2017 to $2.41B in 2022.

In 2020, Slovakia exported services to Spain worth $81M, with Transportation ($24.1M), Computer and information services ($24.1M), and Other business services ($20.6M) being the largest in terms of value.

Spain-Slovakia Trade: In 2022, Spain exported $1.64B to Slovakia. The main products that Spain exported to Slovakia were Cars ($224M), Motor vehicles; parts and accessories (8701 to 8705) ($210M), and Insulated Wire ($96.6M). Over the past 5 years the exports of Spain to Slovakia have increased at an annualized rate of 5.4%,  from $1.2B in 2017 to $1.64B in 2022.

In 2009, Spain exported services to Slovakia worth $86.4M, with Services not allocated ($86.4M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $2.41B to Spain. The main products exported from Slovakia to Spain were Cars ($941M), Video Displays ($258M), and Motor vehicles; parts and accessories (8701 to 8705) ($196M). During the last 5 years the exports of Slovakia to Spain have decreased at an annualized rate of 0.81%, from $2.51B in 2017 to $2.41B in 2022.

In 2017, Spain exported $1.64B to Slovakia. The main products exported from Spain to Slovakia were Cars ($224M), Motor vehicles; parts and accessories (8701 to 8705) ($210M), and Insulated Wire ($96.6M). During the last 5 years the exports of Spain to Slovakia have increased at an annualized rate of 5.4%, from $1.2B in 2022 to $1.64B in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Spain (Flag)

Slovakia Exports

Spain Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
Spain
Top Destination
France$65.2B

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

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

In 2022, countries that imported more from Spain than Slovakia included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

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

Comparative Advantage Slovakia - Spain

Flow
Scale

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

During 2022, Slovakia had a large net trade with Spain in the exports of Transportation ($1.15B), Machines ($734M), and Plastics and Rubbers ($122M).

During 2017, Spain had a large net trade with Slovakia in the exports of Transportation ($460M), Machines ($337M), and Metals ($163M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Spain+$240MCars
Top Product Potential Spain Slovakia+$76.4MCars

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 Spain. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Slovakia.

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

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