Flag Slovakia / Norway Flag

2020
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Exports
: $345M, Rnk 27 / 192

2020
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Top Product
: $157M, Cars

2020
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Exports
: $86.6M, Rnk 54 / 197

2020
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Top Product
: $19.1M, Newsprint

2020
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Economic Complexity (ECI)
: ECI 1.31, Rnk 18 / 127

2020
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Economic Complexity (ECI)
: ECI 0.71, Rnk 36 / 127

2020
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GDP
: $105B, CURRENT US$
Rnk 62 / 204

2010-2020
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GDP GROWTH
: 15.8%, CURRENT US$
Rnk 129 / 204

2020
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 GDP
: $362B, CURRENT US$
Rnk 32 / 204

2010-2020
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GDP GROWTH
: -15.5%, CURRENT US$
Rnk 189 / 204

2020
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GDP PC 
: $19,267, CURRENT US$
Rnk 55 / 204

2010-2020
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GDP PC GROWTH
: 14.4%, CURRENT US$
Rnk 102 / 204

2020
Flag
GDP PC
: $67,330, CURRENT US$
Rnk 7 / 204

2010-2020
Flag
GDP PC GROWTH
: -23.2%, CURRENT US$
Rnk 183 / 204

Slovakia-Norway In 2020, Slovakia exported $345M to Norway. The main products that Slovakia exported to Norway are Cars ($157M), Video Displays ($20.7M), and Electrical Transformers ($13.5M). During the last 25 years the exports of Slovakia to Norway have increased at an annualized rate of 12.1%, from $20M in 1995 to $345M in 2020.

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 In 2020, Norway exported $86.6M to Slovakia. The main products that Norway exported to Slovakia were Newsprint ($19.1M), Motor vehicles; parts and accessories (8701 to 8705) ($16.8M), and Ferroalloys ($8.96M). During the last 25 years the exports of Norway to Slovakia have increased at an annualized rate of 5.89%, from $20.7M in 1995 to $86.6M in 2020.

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 2020,  Slovakia ranked 18 in the Economic Complexity Index (ECI 1.31), and 37 in total exports ($86.4B). That same year, Norway ranked 36 in the Economic Complexity Index (ECI 0.71), and 38 in total exports ($86.2B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Slovakia exported $345M to Norway. The main products exported from Slovakia to Norway were Cars ($157M), Video Displays ($20.7M), and Electrical Transformers ($13.5M). During the last 25 years the exports of Slovakia to Norway have increased at an annualized rate of 12.1%, from $20M in 1995 to $345M in 2020.

In 2020, Norway exported $86.6M to Slovakia. The main products exported from Norway to Slovakia were Newsprint ($19.1M), Motor vehicles; parts and accessories (8701 to 8705) ($16.8M), and Ferroalloys ($8.96M). During the last 25 years the exports of Norway to Slovakia have increased at an annualized rate of 5.89%, from $20.7M in 1995 to $86.6M in 2020.

Slovakia Exports

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Norway Exports

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Market Competitiveness

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Measure

Slovakia
Top Destination
: Germany, $19.2B

Norway
Top Destination
: United Kingdom, $14B

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 2019, countries that imported more from Slovakia than Norway were Germany ($19.2B), Czechia ($8.74B), and Hungary ($5.37B).

In 2019, countries that imported more from Norway than Slovakia were United Kingdom ($14B), Sweden ($9.1B), and Netherlands ($8.09B).

Comparative Advantage Slovakia - Norway

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Flow

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

During 2020, Slovakia had a large net trade with Norway in the exports of Transportation ($166M), Machines ($79M), and Metals ($33.5M).

During 2020, Norway had a large net trade with Slovakia in the exports of Paper Goods ($19.1M), Metals ($18.9M), and Transportation ($17.8M).

Bilateral Service Trade

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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.

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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Slovakia has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Slovakia.