2022
Exports
$4.3MWorld Rnk 64 / 128
Flag Rnk 616 / 1203
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$760MWorld Rnk 19 / 130
Flag Rnk 25 / 1211
2022
ECONOMIC COMPLEXITY of Slovakia
1.32Rnk 15 / 133

About

Exports In 2022, Slovakia exported $4.3M in Iron Ore, making it the 64th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 616th most exported product in Slovakia. The main destination of Iron Ore exports from Slovakia are: Czechia ($2.81M), Belgium ($1.48M), Netherlands ($4.7k), and Romania ($39).

The fastest growing export markets for Iron Ore of Slovakia between 2021 and 2022 were Belgium ($1.48M) and Netherlands ($4.5k).

Imports In 2022, Slovakia imported $760M in Iron Ore, becoming the 19th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 25th most imported product in Slovakia. Slovakia imports Iron Ore primarily from: Ukraine ($560M), India ($76.8M), Russia ($64.5M), United States ($42.1M), and Brazil ($13.7M).

The fastest growing import markets in Iron Ore for Slovakia between 2021 and 2022 were Ukraine ($118M), India ($76.8M), and United States ($16.9M).

Latest Trends

Jul 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 Iron Ore. 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 (2022)$4.3M
IMPORTS (2022)$760M
NET TRADE (2022)-$756M

In 2022, Slovakia exported $4.3M in Iron Ore. The main destinations of Slovakia exports on Iron Ore were Czechia ($2.81M), Belgium ($1.48M), Netherlands ($4.7k), and Romania ($39).

In 2022, Slovakia imported $760M in Iron Ore, mainly from Ukraine ($560M), India ($76.8M), Russia ($64.5M), United States ($42.1M), and Brazil ($13.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Slovakia WERE (2021 - 2022):
Belgium$1.48M (1%)
Netherlands$4.5k (2.31k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Slovakia WERE (2021 - 2022):
Czechia-$5.62M (-66.6%)
Hungary-$229k (-100%)
Romania-$5.84k (-99.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Slovakia's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Slovakia's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCzechia+ $278k
TOP IMPORT POTENTIALBrazil+ $15.7M

Iron Ore’s highest export potential is Czechia. With an export gap of $278k.   Iron Ore’s highest import potential is Brazil with an import gap of $15.7M.

See methodology.

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