Vietnam (VNM) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Vietnam-Slovakia Trade: In 2023, Vietnam exported $4.62B to Slovakia. The main products that Vietnam exported to Slovakia were Broadcasting Equipment ($2.97B), Office Machine Parts ($266M), and Computers ($255M). Over the past 5 years the exports of Vietnam to Slovakia have decreased at an annualized rate of 0.82%, from $4.82B in 2018 to $4.62B in 2023.

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

Slovakia-Vietnam Trade: In 2023, Slovakia exported $48.4M to Vietnam. The main products that Slovakia exported to Vietnam were Cars ($14.4M), Machinery Having Individual Functions ($8.85M), and Broadcasting Equipment ($3.51M). Over the past 5 years the exports of Slovakia to Vietnam have decreased at an annualized rate of 1.01%, from $50.9M in 2018 to $48.4M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $4.62B to Slovakia. The main products exported from Vietnam to Slovakia were Broadcasting Equipment ($2.97B), Office Machine Parts ($266M), and Computers ($255M). During the last 5 years the exports of Vietnam to Slovakia have decreased at an annualized rate of 0.82%, from $4.82B in 2018 to $4.62B in 2023.

In 2018, Slovakia exported $48.4M to Vietnam. The main products exported from Slovakia to Vietnam were Cars ($14.4M), Machinery Having Individual Functions ($8.85M), and Broadcasting Equipment ($3.51M). During the last 5 years the exports of Slovakia to Vietnam have decreased at an annualized rate of 1.01%, from $50.9M in 2023 to $48.4M in 2018.

Exports from Vietnam () to Slovakia () (2023)

Exports from Slovakia () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Slovakia ()

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Slovakia
Top DestinationGermany$21.5B

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

In 2023, countries that imported more from Vietnam than Slovakia included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

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

Comparative Advantage Vietnam - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Slovakia in the exports of Machines ($4.05B), Footwear and Headwear ($327M), and Textiles ($59.4M).

During 2018, Slovakia had a large net trade with Vietnam in the exports of Machines ($21.8M), Transportation ($15.6M), and Miscellaneous ($2.61M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Slovakia+$152MTelephones

Top Product Potential Slovakia Vietnam+$24.5MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Slovakia () (2023)

Exports from Slovakia () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Slovakia ()

Slovakia Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Slovakia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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