2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 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 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 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

Israel-Slovakia Trade: In 2023, Israel exported $65.2M to Slovakia. The main products that Israel exported to Slovakia were Packaged Medicaments ($6.74M), Medical Instruments ($6.7M), and Tool Plates ($6.27M). Over the past 5 years the exports of Israel to Slovakia have decreased at an annualized rate of 1.57%, from $70.6M in 2018 to $65.2M in 2023.

In 2007, Israel exported services to Slovakia worth $989k, with Computer and information services ($984k) and Royalties and license fees ($5k) being the largest in terms of value.

Slovakia-Israel Trade: In 2023, Slovakia exported $294M to Israel. The main products that Slovakia exported to Israel were Cars ($131M), Video Displays ($40.3M), and Lifting Machinery ($22M). Over the past 5 years the exports of Slovakia to Israel have decreased at an annualized rate of 3.52%,  from $352M in 2018 to $294M in 2023.

In 2012, Slovakia exported services to Israel worth $17.5M, with Services not allocated ($9.11M), Travel ($5.65M), and Other business services ($1.72M) being the largest in terms of value.

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $65.2M to Slovakia. The main products exported from Israel to Slovakia were Packaged Medicaments ($6.74M), Medical Instruments ($6.7M), and Tool Plates ($6.27M). During the last 5 years the exports of Israel to Slovakia have decreased at an annualized rate of 1.57%, from $70.6M in 2018 to $65.2M in 2023.

In 2018, Slovakia exported $294M to Israel. The main products exported from Slovakia to Israel were Cars ($131M), Video Displays ($40.3M), and Lifting Machinery ($22M). During the last 5 years the exports of Slovakia to Israel have decreased at an annualized rate of 3.52%, from $352M in 2023 to $294M in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Slovakia (Flag)

Israel Exports

Slovakia Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Slovakia
Top Destination
Germany$21.5B

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

In 2023, countries that imported more from Israel than Slovakia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

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

Comparative Advantage Israel - Slovakia

Flow
Scale

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

During 2023, Israel had a large net trade with Slovakia in the exports of Chemical Products ($16.8M), Machines ($12.6M), and Instruments ($8.22M).

During 2018, Slovakia had a large net trade with Israel in the exports of Transportation ($136M), Machines ($101M), and Paper Goods ($13.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Slovakia+$3.56MPackaged Medicaments
Top Product Potential Slovakia Israel+$88MCars

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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Economic Complexity

Competitive Landscape

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

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

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