Slovakia (SVK) and Romania (ROU) Trade | The Observatory of Economic Complexity

About

Slovakia-Romania Trade: In 2023, Slovakia exported $2.62B to Romania. The main products that Slovakia exported to Romania were Broadcasting Equipment ($512M), Motor vehicles; parts and accessories (8701 to 8705) ($151M), and Air Pumps ($148M). Over the past 5 years the exports of Slovakia to Romania have increased at an annualized rate of 2.44%, from $2.32B in 2018 to $2.62B in 2023.

In 2020, Slovakia exported services to Romania worth $85.3M, with Transportation ($34.8M), Travel ($12.6M), and Other business services ($11M) being the largest in terms of value.

Romania-Slovakia Trade: In 2023, Romania exported $2.14B to Slovakia. The main products that Romania exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($344M), Insulated Wire ($343M), and Seats ($244M). Over the past 5 years the exports of Romania to Slovakia have increased at an annualized rate of 3.11%, from $1.53B in 2018 to $2.14B in 2023.

In 2020, Romania exported services to Slovakia worth $157M, with Transportation ($95.6M), Other business services ($32.8M), and Communications services ($8.57M) 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovakia exported $2.62B to Romania. The main products exported from Slovakia to Romania were Broadcasting Equipment ($512M), Motor vehicles; parts and accessories (8701 to 8705) ($151M), and Air Pumps ($148M). During the last 5 years the exports of Slovakia to Romania have increased at an annualized rate of 2.44%, from $2.32B in 2018 to $2.62B in 2023.

In 2018, Romania exported $2.14B to Slovakia. The main products exported from Romania to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($344M), Insulated Wire ($343M), and Seats ($244M). During the last 5 years the exports of Romania to Slovakia have increased at an annualized rate of 3.11%, from $1.53B in 2023 to $2.14B in 2018.

Exports from Slovakia () to Romania () (2023)

Exports from Romania () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Romania ()

Slovakia Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$21.5B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Slovakia than Romania included Czechia ($11.1B), Hungary ($7.34B), and Poland ($6.09B).

In 2023, countries that imported more from Romania than Slovakia included Italy ($10.2B), Bulgaria ($4.03B), and Turkey ($3.76B).

Difference in imports from Romania () and Slovakia () (2023)

Comparative Advantage Slovakia - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovakia had a large net trade with Romania in the exports of Machines ($1.27B), Metals ($324M), and Transportation ($262M).

During 2018, Romania had a large net trade with Slovakia in the exports of Machines ($868M), Transportation ($399M), and Miscellaneous ($264M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Romania+$82MCars

Top Product Potential Romania Slovakia+$66.1MMotor 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Rou Year

Svk Year

In 2020, Slovakia exported services to Romania worth $85.3M, with Transportation ($34.8M), Travel ($12.6M), and Other business services ($11M) being the largest in terms of value.

In 2020, Romania exported services to Slovakia worth $157M, with Transportation ($95.6M), Other business services ($32.8M), and Communications services ($8.57M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovakia () to Romania () (2020)

Services Exports from Romania () to Slovakia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Romania () (2023)

Exports from Romania () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Romania ()

Slovakia Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Slovakia () (2023)

Comparative Advantage Slovakia - Romania

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from Slovakia () to Romania () (2020)

Services Exports from Romania () to Slovakia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Slovakia () and Romania () (2023)

Keep Exploring