Slovakia (SVK) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Slovakia-Ukraine Trade: In 2022, Slovakia exported $1.55B to Ukraine. The main products that Slovakia exported to Ukraine were Electricity ($265M), Refined Petroleum ($253M), and Explosive Ammunition ($186M). Over the past 5 years the exports of Slovakia to Ukraine have increased at an annualized rate of 17.7%, from $685M in 2017 to $1.55B in 2022.

In 2012, Slovakia exported services to Ukraine worth $86.2M, with Services not allocated ($43.6M), Travel ($17M), and Transportation ($13.8M) being the largest in terms of value.

Ukraine-Slovakia Trade: In 2022, Ukraine exported $1.52B to Slovakia. The main products that Ukraine exported to Slovakia were Iron Ore ($560M), Electricity ($148M), and Coal Briquettes ($132M). Over the past 5 years the exports of Ukraine to Slovakia have increased at an annualized rate of 17.7%, from $672M in 2017 to $1.52B in 2022.

In 2022, Ukraine did not export any services to Slovakia.

Comparison: In 2022, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Slovakia exported $1.55B to Ukraine. The main products exported from Slovakia to Ukraine were Electricity ($265M), Refined Petroleum ($253M), and Explosive Ammunition ($186M). During the last 5 years the exports of Slovakia to Ukraine have increased at an annualized rate of 17.7%, from $685M in 2017 to $1.55B in 2022.

In 2017, Ukraine exported $1.52B to Slovakia. The main products exported from Ukraine to Slovakia were Iron Ore ($560M), Electricity ($148M), and Coal Briquettes ($132M). During the last 5 years the exports of Ukraine to Slovakia have increased at an annualized rate of 17.7%, from $672M in 2022 to $1.52B in 2017.

Exports from Slovakia () to Ukraine () (2022)

Exports from Ukraine () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Ukraine ()

Slovakia Exports

Date

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$22.2B

Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from Slovakia than Ukraine included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

In 2022, countries that imported more from Ukraine than Slovakia included Turkey ($3.02B), Romania ($3.94B), and Egypt ($1.11B).

Difference in imports from Ukraine () and Slovakia () (2022)

Comparative Advantage Slovakia - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Slovakia had a large net trade with Ukraine in the exports of Mineral Products ($610M), Weapons ($256M), and Transportation ($166M).

During 2017, Ukraine had a large net trade with Slovakia in the exports of Mineral Products ($861M), Vegetable Products ($204M), and Machines ($135M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Ukraine+$74.8MCars

Top Product Potential Ukraine Slovakia+$21.9MInsulated Wire

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Ukraine () (2022)

Exports from Ukraine () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Ukraine ()

Slovakia Exports

Ukraine Exports

Market Competitiveness

Difference in imports from Ukraine () and Slovakia () (2022)

Comparative Advantage Slovakia - Ukraine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Slovakia () and Ukraine () (2022)

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