2023
Flag  
GDP
$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH
34.1%CURRENT US$
Rnk 104 / 195
2023
Flag
 GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 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
$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195

About

Slovakia-Philippines Trade: In 2023, Slovakia exported $35M to Philippines. The main products that Slovakia exported to Philippines were Cars ($26.3M), Insulated Wire ($919k), and Nickel Ore ($675k). Over the past 5 years the exports of Slovakia to Philippines have increased at an annualized rate of 45%, from $5.46M in 2018 to $35M in 2023.

In 2020, Slovakia exported services to Philippines worth $914k, with Computer and information services ($457k), Travel ($228k), and Communications services ($114k) being the largest in terms of value.

Philippines-Slovakia Trade: In 2023, Philippines exported $66.8M to Slovakia. The main products that Philippines exported to Slovakia were Integrated Circuits ($23M), Blank Audio Media ($8.39M), and Semiconductor Devices ($5.02M). Over the past 5 years the exports of Philippines to Slovakia have decreased at an annualized rate of 3%,  from $77.8M in 2018 to $66.8M in 2023.

In 2023, Philippines did not export any services to Slovakia.

Comparison: In 2023,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovakia exported $35M to Philippines. The main products exported from Slovakia to Philippines were Cars ($26.3M), Insulated Wire ($919k), and Nickel Ore ($675k). During the last 5 years the exports of Slovakia to Philippines have increased at an annualized rate of 45%, from $5.46M in 2018 to $35M in 2023.

In 2018, Philippines exported $66.8M to Slovakia. The main products exported from Philippines to Slovakia were Integrated Circuits ($23M), Blank Audio Media ($8.39M), and Semiconductor Devices ($5.02M). During the last 5 years the exports of Philippines to Slovakia have decreased at an annualized rate of 3%, from $77.8M in 2023 to $66.8M in 2018.

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

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

Latest Data

Trade between Slovakia (Flag) and Philippines (Flag)

Slovakia Exports

Philippines Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$21.5B
Philippines
Top Destination
China$19B

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

In 2023, countries that imported more from Slovakia than Philippines included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

In 2023, countries that imported more from Philippines than Slovakia included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

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

Comparative Advantage Slovakia - Philippines

Flow
Scale

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

During 2023, Slovakia had a large net trade with Philippines in the exports of Transportation ($26.5M), Machines ($3.77M), and Weapons ($1.05M).

During 2018, Philippines had a large net trade with Slovakia in the exports of Machines ($56.5M), Foodstuffs ($3.08M), and Transportation ($2.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Philippines+$25.1MCars
Top Product Potential Philippines Slovakia+$27.6MIntegrated Circuits

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

Product Space of Slovakia (Flag) and Philippines (Flag) (2023)

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