2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
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GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
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GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186

About

Finland-Slovakia Trade: In 2022, Finland exported $228M to Slovakia. The main products that Finland exported to Slovakia were Raw Zinc ($50.9M), Sulfate Chemical Woodpulp ($41.8M), and Copper Plating ($9.65M). Over the past 5 years the exports of Finland to Slovakia have increased at an annualized rate of 8.41%, from $152M in 2017 to $228M in 2022.

In 2020, Finland exported services to Slovakia worth $52.5M, with Other business services ($25.1M), Computer and information services ($17.1M), and Royalties and license fees ($4.57M) being the largest in terms of value.

Slovakia-Finland Trade: In 2022, Slovakia exported $363M to Finland. The main products that Slovakia exported to Finland were Cars ($107M), Motor vehicles; parts and accessories (8701 to 8705) ($21.4M), and Confectionery Sugar ($20M). Over the past 5 years the exports of Slovakia to Finland have increased at an annualized rate of 6.03%,  from $271M in 2017 to $363M in 2022.

In 2020, Slovakia exported services to Finland worth $39.6M, with Communications services ($10.7M), Computer and information services ($8M), and Construction services ($7.65M) being the largest in terms of value.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $228M to Slovakia. The main products exported from Finland to Slovakia were Raw Zinc ($50.9M), Sulfate Chemical Woodpulp ($41.8M), and Copper Plating ($9.65M). During the last 5 years the exports of Finland to Slovakia have increased at an annualized rate of 8.41%, from $152M in 2017 to $228M in 2022.

In 2017, Slovakia exported $363M to Finland. The main products exported from Slovakia to Finland were Cars ($107M), Motor vehicles; parts and accessories (8701 to 8705) ($21.4M), and Confectionery Sugar ($20M). During the last 5 years the exports of Slovakia to Finland have increased at an annualized rate of 6.03%, from $271M in 2022 to $363M in 2017.

Exports from Finland (Flag) to Slovakia (Flag) (2022)

Exports from Slovakia (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Slovakia (Flag)

Finland Exports

Slovakia Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Slovakia
Top Destination
Germany$22.2B

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

In 2022, countries that imported more from Finland than Slovakia included Sweden ($9.1B), United States ($9.17B), and Netherlands ($5.88B).

In 2022, countries that imported more from Slovakia than Finland included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

Difference in imports from Slovakia (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Slovakia

Flow
Scale

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

During 2022, Finland had a large net trade with Slovakia in the exports of Metals ($77.3M), Paper Goods ($60.1M), and Machines ($29M).

During 2017, Slovakia had a large net trade with Finland in the exports of Transportation ($136M), Machines ($108M), and Metals ($33.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Slovakia+$3.53MKaolin Coated Paper
Top Product Potential Slovakia Finland+$57.6MCars

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, Finland exported services to Slovakia worth $52.5M, with Other business services ($25.1M), Computer and information services ($17.1M), and Royalties and license fees ($4.57M) being the largest in terms of value.

In 2020, Slovakia exported services to Finland worth $39.6M, with Communications services ($10.7M), Computer and information services ($8M), and Construction services ($7.65M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Finland (Flag) and Slovakia (Flag) (2022)

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