2023
Flag  
GDP
$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH
34.1%CURRENT US$
Rnk 104 / 195
2023
Flag
 GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
GDP PC 
$24,491CURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP PC GROWTH
33.7%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC
$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195

About

Slovakia-Spain Trade: In 2023, Slovakia exported $2.64B to Spain. The main products that Slovakia exported to Spain were Cars ($1.24B), Motor vehicles; parts and accessories (8701 to 8705) ($245M), and Video Displays ($178M). Over the past 5 years the exports of Slovakia to Spain have increased at an annualized rate of 1.25%, from $2.48B in 2018 to $2.64B in 2023.

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 2023, Spain exported $2.17B to Slovakia. The main products that Spain exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($413M), Cars ($222M), and Insulated Wire ($162M). Over the past 5 years the exports of Spain to Slovakia have increased at an annualized rate of 7.8%,  from $1.49B in 2018 to $2.17B in 2023.

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 2023,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovakia exported $2.64B to Spain. The main products exported from Slovakia to Spain were Cars ($1.24B), Motor vehicles; parts and accessories (8701 to 8705) ($245M), and Video Displays ($178M). During the last 5 years the exports of Slovakia to Spain have increased at an annualized rate of 1.25%, from $2.48B in 2018 to $2.64B in 2023.

In 2018, Spain exported $2.17B to Slovakia. The main products exported from Spain to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($413M), Cars ($222M), and Insulated Wire ($162M). During the last 5 years the exports of Spain to Slovakia have increased at an annualized rate of 7.8%, from $1.49B in 2023 to $2.17B in 2018.

Exports from Slovakia (Flag) to Spain (Flag) (2023)

Exports from Spain (Flag) to Slovakia (Flag) (2023)

Latest Data

Trade between Slovakia (Flag) and Spain (Flag)

Slovakia Exports

Spain Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$21.5B
Spain
Top Destination
France$61.9B

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 2023, countries that imported more from Slovakia than Spain included Czechia ($11.1B), Hungary ($7.34B), and Ukraine ($2.34B).

In 2023, countries that imported more from Spain than Slovakia included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

Difference in imports from Spain (Flag) and Slovakia (Flag) (2023)

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 2023, Slovakia had a large net trade with Spain in the exports of Transportation ($1.51B), Machines ($658M), and Metals ($99.8M).

During 2018, Spain had a large net trade with Slovakia in the exports of Transportation ($680M), Machines ($428M), 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with