Slovakia (SVK) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Slovakia-Austria Trade: In 2023, Slovakia exported $4.21B to Austria. The main products that Slovakia exported to Austria were Cars ($465M), Raw Copper ($214M), and Refined Petroleum ($179M). Over the past 5 years the exports of Slovakia to Austria have decreased at an annualized rate of 1.22%, from $4.47B in 2018 to $4.21B in 2023.

In 2020, Slovakia exported services to Austria worth $656M, with Transportation ($364M), Other business services ($104M), and Computer and information services ($93.1M) being the largest in terms of value.

Austria-Slovakia Trade: In 2023, Austria exported $3.41B to Slovakia. The main products that Austria exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($555M), Refined Petroleum ($264M), and Electrical Lighting and Signalling Equipment ($147M). Over the past 5 years the exports of Austria to Slovakia have increased at an annualized rate of 0.89%, from $3.27B in 2018 to $3.41B in 2023.

In 2020, Austria exported services to Slovakia worth $891M, with Transportation ($264M), Travel ($232M), and Other business services ($200M) being the largest in terms of value.

Comparison: In 2023, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovakia exported $4.21B to Austria. The main products exported from Slovakia to Austria were Cars ($465M), Raw Copper ($214M), and Refined Petroleum ($179M). During the last 5 years the exports of Slovakia to Austria have decreased at an annualized rate of 1.22%, from $4.47B in 2018 to $4.21B in 2023.

In 2018, Austria exported $3.41B to Slovakia. The main products exported from Austria to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($555M), Refined Petroleum ($264M), and Electrical Lighting and Signalling Equipment ($147M). During the last 5 years the exports of Austria to Slovakia have increased at an annualized rate of 0.89%, from $3.27B in 2023 to $3.41B in 2018.

Exports from Slovakia () to Austria () (2023)

Exports from Austria () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Austria ()

Slovakia Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$21.5B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Slovakia than Austria included Czechia ($11.1B), Ukraine ($2.34B), and Poland ($6.09B).

In 2023, countries that imported more from Austria than Slovakia included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

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

Comparative Advantage Slovakia - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovakia had a large net trade with Austria in the exports of Machines ($886M), Metals ($830M), and Transportation ($774M).

During 2018, Austria had a large net trade with Slovakia in the exports of Transportation ($772M), Machines ($702M), and Metals ($475M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Austria+$452MCars

Top Product Potential Austria Slovakia+$159MMotor vehicles; parts and accessories (8701 to 8705)

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

Aut Year

Svk Year

In 2020, Slovakia exported services to Austria worth $656M, with Transportation ($364M), Other business services ($104M), and Computer and information services ($93.1M) being the largest in terms of value.

In 2020, Austria exported services to Slovakia worth $891M, with Transportation ($264M), Travel ($232M), and Other business services ($200M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Austria () (2023)

Exports from Austria () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Austria ()

Slovakia Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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