2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH
34.1%CURRENT US$
Rnk 104 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC
$24,491CURRENT US$
Rnk 51 / 196
2013-2023
Flag
GDP PC GROWTH
33.7%CURRENT US$
Rnk 71 / 195

About

Austria-Slovakia Trade: In 2023, Austria exported $3.41B to Slovakia. The main products that Austria exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($555M), Refined Petroleum ($264M), and Electrical Lighting and Signalling Equipment ($147M). Over the past 5 years the exports of Austria to Slovakia have increased at an annualized rate of 0.89%, from $3.27B in 2018 to $3.41B in 2023.

In 2020, Austria exported services to Slovakia worth $891M, with Transportation ($264M), Travel ($232M), and Other business services ($200M) being the largest in terms of value.

Slovakia-Austria Trade: In 2023, Slovakia exported $4.21B to Austria. The main products that Slovakia exported to Austria were Cars ($465M), Raw Copper ($214M), and Refined Petroleum ($179M). Over the past 5 years the exports of Slovakia to Austria have decreased at an annualized rate of 1.22%,  from $4.47B in 2018 to $4.21B in 2023.

In 2020, Slovakia exported services to Austria worth $656M, with Transportation ($364M), Other business services ($104M), and Computer and information services ($93.1M) being the largest in terms of value.

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). 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
Value

In 2023, Austria exported $3.41B to Slovakia. The main products exported from Austria to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($555M), Refined Petroleum ($264M), and Electrical Lighting and Signalling Equipment ($147M). During the last 5 years the exports of Austria to Slovakia have increased at an annualized rate of 0.89%, from $3.27B in 2018 to $3.41B in 2023.

In 2018, Slovakia exported $4.21B to Austria. The main products exported from Slovakia to Austria were Cars ($465M), Raw Copper ($214M), and Refined Petroleum ($179M). During the last 5 years the exports of Slovakia to Austria have decreased at an annualized rate of 1.22%, from $4.47B in 2023 to $4.21B in 2018.

Exports from Austria (Flag) to Slovakia (Flag) (2023)

Exports from Slovakia (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Slovakia (Flag)

Austria Exports

Slovakia Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Slovakia
Top Destination
Germany$21.5B

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

In 2023, countries that imported more from Austria than Slovakia included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

In 2023, countries that imported more from Slovakia than Austria included Czechia ($11.1B), Ukraine ($2.34B), and Poland ($6.09B).

Difference in imports from Slovakia (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Slovakia

Flow
Scale

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

During 2023, Austria had a large net trade with Slovakia in the exports of Transportation ($772M), Machines ($702M), and Metals ($475M).

During 2018, Slovakia had a large net trade with Austria in the exports of Machines ($886M), Metals ($830M), and Transportation ($774M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Slovakia+$159MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Slovakia Austria+$452MCars

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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Bilateral Service Trade

In 2020, Austria exported services to Slovakia worth $891M, with Transportation ($264M), Travel ($232M), and Other business services ($200M) being the largest in terms of value.

In 2020, Slovakia exported services to Austria worth $656M, with Transportation ($364M), Other business services ($104M), and Computer and information services ($93.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to Slovakia (Flag) (2020)

Services Exports from Slovakia (Flag) to Austria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Slovakia. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Slovakia (Flag) (2023)

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