2022
Flag  
GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 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
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Slovakia-Norway Trade: In 2022, Slovakia exported $318M to Norway. The main products that Slovakia exported to Norway were Cars ($62.5M), Rubber Tires ($25.2M), and Electrical Transformers ($20M). Over the past 5 years the exports of Slovakia to Norway have increased at an annualized rate of 2.5%, from $281M in 2017 to $318M in 2022.

In 2020, Slovakia exported services to Norway worth $22M, with Transportation ($11M), Other business services ($7.2M), and Travel ($2.17M) being the largest in terms of value.

Norway-Slovakia Trade: In 2022, Norway exported $161M to Slovakia. The main products that Norway exported to Slovakia were Raw Aluminium ($47.6M), Ferroalloys ($24.3M), and Newsprint ($24M). Over the past 5 years the exports of Norway to Slovakia have increased at an annualized rate of 10.3%,  from $66.5M in 2017 to $161M in 2022.

In 2009, Norway exported services to Slovakia worth $19.3M, with Communications services ($9.43M), Travel ($8.15M), and Government services, n.i.e. ($1.28M) 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $318M to Norway. The main products exported from Slovakia to Norway were Cars ($62.5M), Rubber Tires ($25.2M), and Electrical Transformers ($20M). During the last 5 years the exports of Slovakia to Norway have increased at an annualized rate of 2.5%, from $281M in 2017 to $318M in 2022.

In 2017, Norway exported $161M to Slovakia. The main products exported from Norway to Slovakia were Raw Aluminium ($47.6M), Ferroalloys ($24.3M), and Newsprint ($24M). During the last 5 years the exports of Norway to Slovakia have increased at an annualized rate of 10.3%, from $66.5M in 2022 to $161M in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Norway (Flag)

Slovakia Exports

Norway Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
Norway
Top Destination
Germany$78.1B

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

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

In 2022, countries that imported more from Norway than Slovakia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Slovakia - Norway

Flow
Scale

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

During 2022, Slovakia had a large net trade with Norway in the exports of Machines ($96.6M), Transportation ($87.4M), and Metals ($37.7M).

During 2017, Norway had a large net trade with Slovakia in the exports of Metals ($89.9M), Paper Goods ($24.1M), and Transportation ($17.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Norway+$72.2MCars
Top Product Potential Norway Slovakia+$9.21MMotor 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 Norway. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Slovakia.

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

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