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2023
Flag → Flag
Exports $160MRnk 86 / 213
2023
Flag → Flag
Top Product $34.2MRubber
2023
Flag → Flag
Exports $29.5MRnk 78 / 197
2023
Flag → Flag
Top Product $3.93MExplosive Ammunition
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.35Rnk 15 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
 GDP$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH34.1%CURRENT US$
Rnk 104 / 195
2023
Flag
GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC$24,491CURRENT US$
Rnk 51 / 196
2013-2023
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GDP PC GROWTH33.7%CURRENT US$
Rnk 71 / 195

About

Indonesia-Slovakia Trade: In 2023, Indonesia exported $160M to Slovakia. The main products that Indonesia exported to Slovakia were Rubber ($34.2M), Rubber Footwear ($12.4M), and Leather Footwear ($11.5M). Over the past 5 years the exports of Indonesia to Slovakia have increased at an annualized rate of 3.11%, from $137M in 2018 to $160M in 2023.

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

Slovakia-Indonesia Trade: In 2023, Slovakia exported $29.5M to Indonesia. The main products that Slovakia exported to Indonesia were Explosive Ammunition ($3.93M), Motor vehicles; parts and accessories (8701 to 8705) ($2.79M), and Cars ($1.91M). Over the past 5 years the exports of Slovakia to Indonesia have increased at an annualized rate of 8.54%,  from $19.6M in 2018 to $29.5M in 2023.

In 2020, Slovakia exported services to Indonesia worth $2.63M, with Computer and information services ($2.17M), Other business services ($343k), and Communications services ($114k) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $160M to Slovakia. The main products exported from Indonesia to Slovakia were Rubber ($34.2M), Rubber Footwear ($12.4M), and Leather Footwear ($11.5M). During the last 5 years the exports of Indonesia to Slovakia have increased at an annualized rate of 3.11%, from $137M in 2018 to $160M in 2023.

In 2018, Slovakia exported $29.5M to Indonesia. The main products exported from Slovakia to Indonesia were Explosive Ammunition ($3.93M), Motor vehicles; parts and accessories (8701 to 8705) ($2.79M), and Cars ($1.91M). During the last 5 years the exports of Slovakia to Indonesia have increased at an annualized rate of 8.54%, from $19.6M in 2023 to $29.5M in 2018.

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

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

Latest Data

Trade between Indonesia (Flag) and Slovakia (Flag)

Indonesia Exports

Slovakia Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Slovakia
Top DestinationGermany$21.5B

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

In 2023, countries that imported more from Indonesia than Slovakia included China ($70.7B), India ($24B), and Japan ($23.7B).

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

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

Comparative Advantage Indonesia - Slovakia

Flow
Scale

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

During 2023, Indonesia had a large net trade with Slovakia in the exports of Footwear and Headwear ($44.3M), Plastics and Rubbers ($37.2M), and Machines ($36.1M).

During 2018, Slovakia had a large net trade with Indonesia in the exports of Machines ($15.6M), Transportation ($4.95M), and Weapons ($3.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Slovakia+$4.74MOther Electrical Machinery
Top Product Potential Slovakia Indonesia+$11.6MCars

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, Slovakia exported services to Indonesia worth $2.63M, with Computer and information services ($2.17M), Other business services ($343k), and Communications services ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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