United States (USA) and Slovakia (SVK) Trade

2022

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Exports $700MRnk 93 / 219

2022

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About

United States-Slovakia In 2022, United States exported $700M to Slovakia. The main products that United States exported to Slovakia are Coal Briquettes ($68.4M), Cars ($61M), and Iron Ore ($42.1M). During the last 27 years the exports of United States to Slovakia have increased at an annualized rate of 5.89%, from $149M in 1995 to $700M in 2022.

In 2017, United States exported services to Slovakia worth $329M, with Travel ($151M), Royalties and license fees ($52M), and Financial services ($40M) being the largest in terms of value.

Slovakia-United States In 2022, Slovakia exported $4.23B to United States. The main products that Slovakia exported to United States were Cars ($2.7B), Rubber Tires ($264M), and Transmissions ($80.4M). During the last 27 years the exports of Slovakia to United States have increased at an annualized rate of 13.5%, from $139M in 1995 to $4.23B in 2022.

In 2020, Slovakia exported services to United States worth $481M, with Computer and information services ($198M), Communications services ($163M), and Other business services ($90M) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.3), and 41 in total exports ($110B).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (15.7k), ROBERT BOSCH LLC (9.84k), and ROBERT BOSCH TOOL CORPORATION (469) were at the forefront of exporting goods from Slovakia to the United States. Conversely, IKEA INDUSTRY SLOVAKIA S.R.O., ODST (10.8k), GEWIS SLOVAKIA S.R.O (6.68k), and EKOLTECH SPOL. S R.O. (2.44k) were notable for importing Slovakia products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $27.5M and imported $454M from Slovakia, resulting in a negative trade balance of $426M. Between January 2023 and January 2024 the exports of United States have decreased by $-1.69M (-5.8%) from $29.2M to $27.5M, while imports decreased by $-141M (-23.7%) from $595M to $454M.

Trade In January 2024, the top exports of United States to Slovakia were Packaged Medicaments ($2.28M), Broadcasting Equipment ($1.81M), Commodities not elsewhere specified ($1.59M), Glass Working Machines ($1.3M), and Sulfate Chemical Woodpulp ($1.2M). In January 2024 the top imports of United States from Slovakia were Cars ($427M), Rubber Tires ($28M), Motor vehicles; parts and accessories (8701... ($9.46M), Electrical Lighting and Signalling Equipment ($8.34M), and Air Pumps ($8.32M).

Origins In January 2024 the exports of United States were mainly from Texas ($2.99M), California ($2.86M), Illinois ($2.85M), Michigan ($2.12M), and Pennsylvania ($1.94M), while imports destinations were mainly New Jersey ($198M), Texas ($55.7M), Florida ($47M), California ($21.9M), and Rhode Island ($13M).

Growth In January 2024, the decrease in United States's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Spark-Ignition Engines ($-1.19M or -99.8%), Scrap Copper ($-903k or -77.6%), and LCDs ($-595k or -35.6%). In January 2024, the decrease in United States's year-by-year imports from Slovakia was explained primarily by an decrease in product imports in Broadcasting Accessories ($-18.8M or -90.2%), X-Ray Equipment ($-1.6M or -86.7%), and Collector's Items ($-1.55M or -97.5%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-1.69M(-5.8%)

IMPORT GROWTH (January 2023 - January 2024)$-141M(-23.7%)

MAIN EXPORTER (January 2024)Texas$2.99M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Slovakia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $700M to Slovakia. The main products exported from United States to Slovakia were Coal Briquettes ($68.4M), Cars ($61M), and Iron Ore ($42.1M). During the last 27 years the exports of United States to Slovakia have increased at an annualized rate of 5.89%, from $149M in 1995 to $700M in 2022.

In 2022, Slovakia exported $4.23B to United States. The main products exported from Slovakia to United States were Cars ($2.7B), Rubber Tires ($264M), and Transmissions ($80.4M). During the last 27 years the exports of Slovakia to United States have increased at an annualized rate of 13.5%, from $139M in 1995 to $4.23B in 2022.

Exports from United States () to Slovakia () (2022)

Exports from Slovakia () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Slovakia
Top DestinationGermany$22.2B

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

In 2021, countries that imported more from United States than Slovakia were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Slovakia than United States were Czechia ($12.6B), Hungary ($9.79B), and Romania ($2.68B).

Difference in imports from Slovakia () and United States () (2022)

Comparative Advantage United States - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Slovakia in the exports of Machines ($186M), Mineral Products ($128M), and Chemical Products ($89.5M).

During 2022, Slovakia had a large net trade with United States in the exports of Transportation ($2.77B), Machines ($790M), and Plastics and Rubbers ($302M).

Service Trade

Bilateral Service Trade

Svk Year

Usa Year

In 2017, United States exported services to Slovakia worth $329M, with Travel ($151M), Royalties and license fees ($52M), and Financial services ($40M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Slovakia () (2017)

Services Exports from Slovakia () to United States () (2020)

Economic Complexity

Competitive Landscape

Year

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 United States has comparative advantage over Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over United States.

Product Space of United States () and Slovakia () (2022)

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