Romania (ROU) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Romania-Slovakia Trade: In 2023, Romania exported $2.14B to Slovakia. The main products that Romania exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($344M), Insulated Wire ($343M), and Seats ($244M). Over the past 5 years the exports of Romania to Slovakia have increased at an annualized rate of 6.98%, from $1.53B in 2018 to $2.14B in 2023.

In 2020, Romania exported services to Slovakia worth $157M, with Transportation ($95.6M), Other business services ($32.8M), and Communications services ($8.57M) being the largest in terms of value.

Slovakia-Romania Trade: In 2023, Slovakia exported $2.62B to Romania. The main products that Slovakia exported to Romania were Broadcasting Equipment ($512M), Motor vehicles; parts and accessories (8701 to 8705) ($151M), and Air Pumps ($148M). Over the past 5 years the exports of Slovakia to Romania have increased at an annualized rate of 2.44%, from $2.32B in 2018 to $2.62B in 2023.

In 2020, Slovakia exported services to Romania worth $85.3M, with Transportation ($34.8M), Travel ($12.6M), and Other business services ($11M) being the largest in terms of value.

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $2.14B to Slovakia. The main products exported from Romania to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($344M), Insulated Wire ($343M), and Seats ($244M). During the last 5 years the exports of Romania to Slovakia have increased at an annualized rate of 6.98%, from $1.53B in 2018 to $2.14B in 2023.

In 2018, Slovakia exported $2.62B to Romania. The main products exported from Slovakia to Romania were Broadcasting Equipment ($512M), Motor vehicles; parts and accessories (8701 to 8705) ($151M), and Air Pumps ($148M). During the last 5 years the exports of Slovakia to Romania have increased at an annualized rate of 2.44%, from $2.32B in 2023 to $2.62B in 2018.

Exports from Romania () to Slovakia () (2023)

Exports from Slovakia () to Romania () (2023)

Latest Data

Trade between Romania () and Slovakia ()

Romania Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Slovakia
Top DestinationGermany$21.5B

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

In 2023, countries that imported more from Romania than Slovakia included Italy ($10.2B), Bulgaria ($4.03B), and Turkey ($3.76B).

In 2023, countries that imported more from Slovakia than Romania included Czechia ($11.1B), Hungary ($7.34B), and Poland ($6.09B).

Difference in imports from Slovakia () and Romania () (2023)

Comparative Advantage Romania - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Slovakia in the exports of Machines ($868M), Transportation ($399M), and Miscellaneous ($264M).

During 2018, Slovakia had a large net trade with Romania in the exports of Machines ($1.27B), Metals ($324M), and Transportation ($262M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Slovakia+$66.1MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Slovakia Romania+$82MCars

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

Svk Year

Rou Year

In 2020, Romania exported services to Slovakia worth $157M, with Transportation ($95.6M), Other business services ($32.8M), and Communications services ($8.57M) being the largest in terms of value.

In 2020, Slovakia exported services to Romania worth $85.3M, with Transportation ($34.8M), Travel ($12.6M), and Other business services ($11M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to Slovakia () (2020)

Services Exports from Slovakia () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Slovakia () (2023)

Exports from Slovakia () to Romania () (2023)

Latest Data

Trade between Romania () and Slovakia ()

Romania Exports

Slovakia Exports

Market Competitiveness

Difference in imports from Slovakia () and Romania () (2023)

Comparative Advantage Romania - Slovakia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Romania () to Slovakia () (2020)

Services Exports from Slovakia () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Romania () and Slovakia () (2023)

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