2018
Exports
$1.64BWorld Rnk 23 / 223
Flag Rnk 7 / 1200
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2018
Imports
$2.59BWorld Rnk 16 / 225
Flag Rnk 4 / 1211
2023
ECONOMIC COMPLEXITY of Slovakia
1.35Rnk 15 / 132

About

Exports In 2018, Slovakia exported $1.64B in Insulated Wire, making it the 23rd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 7th most exported product in Slovakia. The main destination of Insulated Wire exports from Slovakia are: Germany ($429M), Czechia ($363M), Poland ($137M), Hungary ($121M), and Austria ($83.5M).

The fastest growing export markets for Insulated Wire of Slovakia between 2022 and 2023 were Austria ($28.1M), Latvia ($16.8M), and Czechia ($15.8M).

Imports In 2023, Slovakia imported $2.59B in Insulated Wire, becoming the 16th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 4th most imported product in Slovakia. Slovakia imports Insulated Wire primarily from: Romania ($343M), Serbia ($288M), Germany ($250M), Czechia ($189M), and Poland ($181M).

The fastest growing import markets in Insulated Wire for Slovakia between 2022 and 2023 were Romania ($80.2M), Spain ($58.9M), and Poland ($57.4M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Insulated Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.64B
IMPORTS (2023)$2.59B
NET TRADE (2023)-$942M

In 2023, Slovakia exported $1.64B in Insulated Wire. The main destinations of Slovakia exports on Insulated Wire were Germany ($429M), Czechia ($363M), Poland ($137M), Hungary ($121M), and Austria ($83.5M).

In 2023, Slovakia imported $2.59B in Insulated Wire, mainly from Romania ($343M), Serbia ($288M), Germany ($250M), Czechia ($189M), and Poland ($181M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Slovakia WERE (2022 - 2023):
Austria$28.1M (50.7%)
Latvia$16.8M (446%)
Czechia$15.8M (4.53%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Slovakia WERE (2022 - 2023):
Germany-$11.6M (-2.63%)
Hungary-$9.21M (-7.07%)
South Korea-$6.01M (-91.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovakia's main exporting competitors in Insulated Wire were:
In 2023, Slovakia's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $51.1M
TOP IMPORT POTENTIALChina+ $63M

Insulated Wire’s highest export potential is Poland. With an export gap of $51.1M.   Insulated Wire’s highest import potential is China with an import gap of $63M.

See methodology.

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