Georgia (GEO) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

About

Georgia-Slovakia Trade: In 2022, Georgia exported $3.59M to Slovakia. The main products that Georgia exported to Slovakia were Other Nuts ($687k), Motor vehicles; parts and accessories (8701 to 8705) ($475k), and Packaged Medicaments ($437k). Over the past 5 years the exports of Georgia to Slovakia have decreased at an annualized rate of 2.94%, from $4.17M in 2017 to $3.59M in 2022.

In 2022, Georgia did not export any services to Slovakia.

Slovakia-Georgia Trade: In 2022, Slovakia exported $33M to Georgia. The main products that Slovakia exported to Georgia were Cars ($17.5M), Video Displays ($3.12M), and Utility Meters ($1.23M). Over the past 5 years the exports of Slovakia to Georgia have increased at an annualized rate of 17.6%, from $14.7M in 2017 to $33M in 2022.

In 2022, Slovakia did not export any services to Georgia.

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $3.59M to Slovakia. The main products exported from Georgia to Slovakia were Other Nuts ($687k), Motor vehicles; parts and accessories (8701 to 8705) ($475k), and Packaged Medicaments ($437k). During the last 5 years the exports of Georgia to Slovakia have decreased at an annualized rate of 2.94%, from $4.17M in 2017 to $3.59M in 2022.

In 2017, Slovakia exported $33M to Georgia. The main products exported from Slovakia to Georgia were Cars ($17.5M), Video Displays ($3.12M), and Utility Meters ($1.23M). During the last 5 years the exports of Slovakia to Georgia have increased at an annualized rate of 17.6%, from $14.7M in 2022 to $33M in 2017.

Exports from Georgia () to Slovakia () (2022)

Exports from Slovakia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Slovakia ()

Georgia Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Georgia than Slovakia included Azerbaijan ($668M), Armenia ($571M), and India ($318M).

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

Difference in imports from Slovakia () and Georgia () (2022)

Comparative Advantage Georgia - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Slovakia in the exports of Vegetable Products ($700k), Chemical Products ($571k), and Textiles ($566k).

During 2017, Slovakia had a large net trade with Georgia in the exports of Transportation ($18.3M), Machines ($5.92M), and Instruments ($1.54M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Slovakia+$373kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Slovakia Georgia+$19.7MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Slovakia () (2022)

Exports from Slovakia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Slovakia ()

Georgia Exports

Slovakia Exports

Market Competitiveness

Difference in imports from Slovakia () and Georgia () (2022)

Comparative Advantage Georgia - Slovakia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Georgia () and Slovakia () (2022)

Keep Exploring