2023
Flag  
GDP
$133BCURRENT US$
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2013-2023
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GDP GROWTH
34.1%CURRENT US$
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2023
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 GDP
$515BCURRENT US$
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2013-2023
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GDP GROWTH
22.5%CURRENT US$
Rnk 133 / 195
2023
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GDP PC 
$24,491CURRENT US$
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2013-2023
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GDP PC GROWTH
33.7%CURRENT US$
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2023
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GDP PC
$7,182CURRENT US$
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2013-2023
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GDP PC GROWTH
19.3%CURRENT US$
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About

Slovakia-Thailand Trade: In 2023, Slovakia exported $131M to Thailand. The main products that Slovakia exported to Thailand were Cars ($70.8M), Motor vehicles; parts and accessories (8701 to 8705) ($7.6M), and Electrical Lighting and Signalling Equipment ($6.69M). Over the past 5 years the exports of Slovakia to Thailand have increased at an annualized rate of 8.56%, from $87.1M in 2018 to $131M in 2023.

In 2020, Slovakia exported services to Thailand worth $3.08M, with Travel ($2.17M), Computer and information services ($343k), and Other business services ($343k) being the largest in terms of value.

Thailand-Slovakia Trade: In 2023, Thailand exported $507M to Slovakia. The main products that Thailand exported to Slovakia were Broadcasting Accessories ($56.5M), Electrical Transformers ($47.1M), and Printed Circuit Boards ($40.8M). Over the past 5 years the exports of Thailand to Slovakia have increased at an annualized rate of 12.5%,  from $281M in 2018 to $507M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovakia exported $131M to Thailand. The main products exported from Slovakia to Thailand were Cars ($70.8M), Motor vehicles; parts and accessories (8701 to 8705) ($7.6M), and Electrical Lighting and Signalling Equipment ($6.69M). During the last 5 years the exports of Slovakia to Thailand have increased at an annualized rate of 8.56%, from $87.1M in 2018 to $131M in 2023.

In 2018, Thailand exported $507M to Slovakia. The main products exported from Thailand to Slovakia were Broadcasting Accessories ($56.5M), Electrical Transformers ($47.1M), and Printed Circuit Boards ($40.8M). During the last 5 years the exports of Thailand to Slovakia have increased at an annualized rate of 12.5%, from $281M in 2023 to $507M in 2018.

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

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

Latest Data

Trade between Slovakia (Flag) and Thailand (Flag)

Slovakia Exports

Thailand Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$21.5B
Thailand
Top Destination
United States$58.5B

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

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

In 2023, countries that imported more from Thailand than Slovakia included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Slovakia - Thailand

Flow
Scale

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

During 2023, Slovakia had a large net trade with Thailand in the exports of Transportation ($78.7M), Machines ($34.4M), and Plastics and Rubbers ($2.88M).

During 2018, Thailand had a large net trade with Slovakia in the exports of Machines ($377M), Plastics and Rubbers ($54.4M), and Instruments ($17.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Thailand+$17.1MCars
Top Product Potential Thailand Slovakia+$16MIntegrated 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 Thailand. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Slovakia.

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

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