Armenia (ARM) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Armenia-Slovakia Trade: In 2023, Armenia exported $45.8M to Slovakia. The main products that Armenia exported to Slovakia were Felt or Coated Fabric Garments ($31.7M), Mattresses ($9.03M), and Ferroalloys ($2.05M). Over the past 5 years the exports of Armenia to Slovakia have increased at an annualized rate of 148%, from $490k in 2018 to $45.8M in 2023.

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

Slovakia-Armenia Trade: In 2023, Slovakia exported $63.9M to Armenia. The main products that Slovakia exported to Armenia were Plastic Coated Textile Fabric ($19.9M), Cars ($12.5M), and Quilted Textiles ($6.21M). Over the past 5 years the exports of Slovakia to Armenia have increased at an annualized rate of 46%, from $9.62M in 2018 to $63.9M in 2023.

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

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). 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, Armenia exported $45.8M to Slovakia. The main products exported from Armenia to Slovakia were Felt or Coated Fabric Garments ($31.7M), Mattresses ($9.03M), and Ferroalloys ($2.05M). During the last 5 years the exports of Armenia to Slovakia have increased at an annualized rate of 148%, from $490k in 2018 to $45.8M in 2023.

In 2018, Slovakia exported $63.9M to Armenia. The main products exported from Slovakia to Armenia were Plastic Coated Textile Fabric ($19.9M), Cars ($12.5M), and Quilted Textiles ($6.21M). During the last 5 years the exports of Slovakia to Armenia have increased at an annualized rate of 46%, from $9.62M in 2023 to $63.9M in 2018.

Exports from Armenia () to Slovakia () (2023)

Exports from Slovakia () to Armenia () (2023)

Latest Data

Trade between Armenia () and Slovakia ()

Armenia Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Slovakia
Top DestinationGermany$21.5B

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

In 2023, countries that imported more from Armenia than Slovakia included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

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

Comparative Advantage Armenia - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Armenia had a large net trade with Slovakia in the exports of Textiles ($33.7M), Miscellaneous ($9.03M), and Metals ($2.05M).

During 2018, Slovakia had a large net trade with Armenia in the exports of Textiles ($36.5M), Transportation ($12.9M), and Machines ($5.18M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Slovakia+$707kFerroalloys

Top Product Potential Slovakia Armenia+$9.14MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Slovakia () (2023)

Exports from Slovakia () to Armenia () (2023)

Latest Data

Trade between Armenia () and Slovakia ()

Armenia Exports

Slovakia Exports

Market Competitiveness

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

Comparative Advantage Armenia - Slovakia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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