2023
Exports
$7.25BWorld Rnk 18 / 226
Flag Rnk 2 / 1200
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.12Rnk 138 / 1025
2023
Imports
$13.2BWorld Rnk 8 / 226
Flag Rnk 1 / 1211
2023
ECONOMIC COMPLEXITY of Slovakia
1.35Rnk 15 / 132

About

Exports In 2023, Slovakia exported $7.25B in Motor vehicles; parts and accessories (8701 to 8705), making it the 18th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 2nd most exported product in Slovakia. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Slovakia are: Germany ($2.68B), Czechia ($1.02B), France ($403M), United Kingdom ($393M), and Italy ($375M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Slovakia between 2022 and 2023 were Germany ($507M), Czechia ($116M), and Italy ($110M).

Imports In 2023, Slovakia imported $13.2B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 8th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 1st most imported product in Slovakia. Slovakia imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($3.36B), Czechia ($2.02B), Hungary ($1.36B), Poland ($1.36B), and South Korea ($1.08B).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Slovakia between 2022 and 2023 were Hungary ($498M), Czechia ($327M), and Poland ($249M).

COMPANIES In 2024, leading companies such as Robert Bosch (55) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Slovakia to the United States.

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 Motor vehicles; parts and accessories (8701 to 8705). 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)$7.25B
IMPORTS (2023)$13.2B
NET TRADE (2023)-$5.96B

In 2023, Slovakia exported $7.25B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Slovakia exports on Motor vehicles; parts and accessories (8701 to 8705) were Germany ($2.68B), Czechia ($1.02B), France ($403M), United Kingdom ($393M), and Italy ($375M).

In 2023, Slovakia imported $13.2B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($3.36B), Czechia ($2.02B), Hungary ($1.36B), Poland ($1.36B), and South Korea ($1.08B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Slovakia WERE (2022 - 2023):
Germany$507M (23.3%)
Czechia$116M (12.8%)
Italy$110M (41.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Slovakia WERE (2022 - 2023):
Hungary-$29.6M (-9.66%)
Finland-$4.89M (-20.6%)
Denmark-$2.88M (-9.09%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovakia's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, Slovakia's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $191M
TOP IMPORT POTENTIALChina+ $211M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is Poland. With an export gap of $191M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $211M.

See methodology.

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