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2022
Flag → Flag
Exports $1.41BRnk 43 / 224
2022
Flag → Flag
Top Product $256MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $4.34BRnk 8 / 203
2022
Flag → Flag
Top Product $2.22BCars
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 GDP$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
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GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
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GDP PC$21,258CURRENT US$
Rnk 48 / 186
2012-2022
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GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186

About

United Kingdom-Slovakia Trade: In 2022, United Kingdom exported $1.41B to Slovakia. The main products that United Kingdom exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($256M), Spark-Ignition Engines ($239M), and Combustion Engines ($157M). Over the past 5 years the exports of United Kingdom to Slovakia have increased at an annualized rate of 10.6%, from $850M in 2017 to $1.41B in 2022.

In 2019, United Kingdom exported services to Slovakia worth $433M, with Other business services ($270M), Travel ($105M), and Transportation ($35.7M) being the largest in terms of value.

Slovakia-United Kingdom Trade: In 2022, Slovakia exported $4.34B to United Kingdom. The main products that Slovakia exported to United Kingdom were Cars ($2.22B), Video Displays ($549M), and Motor vehicles; parts and accessories (8701 to 8705) ($237M). Over the past 5 years the exports of Slovakia to United Kingdom have increased at an annualized rate of 1.97%,  from $3.93B in 2017 to $4.34B in 2022.

In 2020, Slovakia exported services to United Kingdom worth $568M, with Other business services ($194M), Transportation ($181M), and Computer and information services ($116M) being the largest in terms of value.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Latest Trends

July, 2024

About

Overview In July 2024, United Kingdom exported £110M and imported £184M from Slovakia, resulting in a negative trade balance of £74.1M. Between July 2023 and July 2024 the exports of United Kingdom have increased by £16.9M (18.2%) from £93.2M to £110M, while imports increased by £2.86M (1.58%) from £181M to £184M.

Trade In July 2024, the top exports of United Kingdom to Slovakia were Spark-Ignition Engines (£19.7M), Motor vehicles; parts and accessories (8701... (£19M), Combustion Engines (£18.2M), Broadcasting Accessories (£3.77M), and Rubber Tires (£2.09M). In July 2024 the top imports of United Kingdom from Slovakia were Cars (£62.9M), Video Displays (£24.7M), Motor vehicles; parts and accessories (8701... (£8.8M), Central Heating Boilers (£8.51M), and Rubber Tires (£6.05M).

Origins In July 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£81.1M), London (£10.4M), Immingham (£6.18M), Harwich (£3.33M), and Dover (£2.76M), while imports destinations were mainly Immingham (£81.5M), Dover (£50.6M), Dover Eurotunnel (£13.4M), Killingholme (£5.92M), and London (£4.9M).

Growth In July 2024, the increase in United Kingdom's year-by-year exports to Slovakia was explained primarily by an increase in product exports in Combustion Engines (£11.5M or 171%), Motor vehicles; parts and accessories (8701... (£8.04M or 73.5%), and Spark-Ignition Engines (£3.36M or 20.6%). In July 2024, the increase in United Kingdom's year-by-year imports  from Slovakia was explained primarily by an increase in product imports  in Cars (£48.1M or 325%), Rubber Tires (£3.55M or 142%), and Cheese (£2.98M or 325%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)£16.9M(18.2%)
IMPORT GROWTH (July 2023 - July 2024)£2.86M(1.58%)
MAIN EXPORTER (July 2024)Dover Eurotunnel£81.1M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Slovakia and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Slovakia and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $1.41B to Slovakia. The main products exported from United Kingdom to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($256M), Spark-Ignition Engines ($239M), and Combustion Engines ($157M). During the last 5 years the exports of United Kingdom to Slovakia have increased at an annualized rate of 10.6%, from $850M in 2017 to $1.41B in 2022.

In 2017, Slovakia exported $4.34B to United Kingdom. The main products exported from Slovakia to United Kingdom were Cars ($2.22B), Video Displays ($549M), and Motor vehicles; parts and accessories (8701 to 8705) ($237M). During the last 5 years the exports of Slovakia to United Kingdom have increased at an annualized rate of 1.97%, from $3.93B in 2022 to $4.34B in 2017.

Exports from United Kingdom (Flag) to Slovakia (Flag) (2022)

Exports from Slovakia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from United Kingdom than Slovakia included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

In 2022, countries that imported more from Slovakia than United Kingdom included Czechia ($12.6B), Hungary ($9.79B), and Austria ($5.81B).

Difference in imports from Slovakia (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Slovakia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Slovakia in the exports of N/A.

During 2017, Slovakia had a large net trade with United Kingdom in the exports of Transportation ($2.48B), Machines ($1.18B), and Plastics and Rubbers ($144M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Slovakia+$46.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Slovakia United Kingdom+$332MCars

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 2019, United Kingdom exported services to Slovakia worth $433M, with Other business services ($270M), Travel ($105M), and Transportation ($35.7M) being the largest in terms of value.

In 2020, Slovakia exported services to United Kingdom worth $568M, with Other business services ($194M), Transportation ($181M), and Computer and information services ($116M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Slovakia (Flag) (2019)

Services Exports from Slovakia (Flag) to United Kingdom (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Slovakia (Flag) (2022)

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