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2022
Flag → Flag
Exports $4.34BRnk 8 / 203
2022
Flag → Flag
Top Product $2.22BCars
2022
Flag → Flag
Exports $1.41BRnk 43 / 224
2022
Flag → Flag
Top Product $256MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
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$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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
2022
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GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Slovakia-United Kingdom Trade: In 2022, Slovakia exported $4.34B to United Kingdom. The main products that Slovakia exported to United Kingdom were Cars ($2.22B), Video Displays ($549M), and Motor vehicles; parts and accessories (8701 to 8705) ($237M). Over the past 5 years the exports of Slovakia to United Kingdom have increased at an annualized rate of 1.97%, from $3.93B in 2017 to $4.34B in 2022.

In 2020, Slovakia exported services to United Kingdom worth $568M, with Other business services ($194M), Transportation ($181M), and Computer and information services ($116M) being the largest in terms of value.

United Kingdom-Slovakia Trade: In 2022, United Kingdom exported $1.41B to Slovakia. The main products that United Kingdom exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($256M), Spark-Ignition Engines ($239M), and Combustion Engines ($157M). Over the past 5 years the exports of United Kingdom to Slovakia have increased at an annualized rate of 10.6%,  from $850M in 2017 to $1.41B in 2022.

In 2019, United Kingdom exported services to Slovakia worth $433M, with Other business services ($270M), Travel ($105M), and Transportation ($35.7M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $4.34B to United Kingdom. The main products exported from Slovakia to United Kingdom were Cars ($2.22B), Video Displays ($549M), and Motor vehicles; parts and accessories (8701 to 8705) ($237M). During the last 5 years the exports of Slovakia to United Kingdom have increased at an annualized rate of 1.97%, from $3.93B in 2017 to $4.34B in 2022.

In 2017, United Kingdom exported $1.41B to Slovakia. The main products exported from United Kingdom to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($256M), Spark-Ignition Engines ($239M), and Combustion Engines ($157M). During the last 5 years the exports of United Kingdom to Slovakia have increased at an annualized rate of 10.6%, from $850M in 2022 to $1.41B in 2017.

Exports from Slovakia (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Slovakia (Flag) (2022)

Latest Data

Trade between Slovakia (Flag) and United Kingdom (Flag)

Slovakia Exports

United Kingdom Exports

Market Competitiveness

Color
Slovakia
Top DestinationGermany$22.2B
United Kingdom
Top DestinationUnited States$61.8B

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

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

In 2022, countries that imported more from United Kingdom than Slovakia included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

Difference in imports from United Kingdom (Flag) and Slovakia (Flag) (2022)

Comparative Advantage Slovakia - United Kingdom

Flow
Scale

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

During 2022, Slovakia had a large net trade with United Kingdom in the exports of Transportation ($2.48B), Machines ($1.18B), and Plastics and Rubbers ($144M).

During 2017, United Kingdom had a large net trade with Slovakia in the exports of Machines ($697M), Transportation ($294M), and Plastics and Rubbers ($105M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia United Kingdom+$332MCars
Top Product Potential United Kingdom Slovakia+$46.1MMotor 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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Bilateral Service Trade

In 2020, Slovakia exported services to United Kingdom worth $568M, with Other business services ($194M), Transportation ($181M), and Computer and information services ($116M) being the largest in terms of value.

In 2019, United Kingdom exported services to Slovakia worth $433M, with Other business services ($270M), Travel ($105M), and Transportation ($35.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovakia (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Slovakia (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Slovakia (Flag) and United Kingdom (Flag) (2022)

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