Slovakia (SVK) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Slovakia-Belgium Trade: In 2023, Slovakia exported $1.84B to Belgium. The main products that Slovakia exported to Belgium were Cars ($719M), Rubber Tires ($98.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($97.8M). Over the past 5 years the exports of Slovakia to Belgium have increased at an annualized rate of 8.85%, from $1.2B in 2018 to $1.84B in 2023.

In 2020, Slovakia exported services to Belgium worth $249M, with Transportation ($118M), Other business services ($89.5M), and Construction services ($14.3M) being the largest in terms of value.

Belgium-Slovakia Trade: In 2023, Belgium exported $1.15B to Slovakia. The main products that Belgium exported to Slovakia were Tractors ($64.4M), Cars ($63.7M), and Flat Flat-Rolled Steel ($61M). Over the past 5 years the exports of Belgium to Slovakia have increased at an annualized rate of 4.93%, from $900M in 2018 to $1.15B in 2023.

In 2020, Belgium exported services to Slovakia worth $291M, with Other business services ($120M), Computer and information services ($61.7M), and Transportation ($38.8M) 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, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovakia exported $1.84B to Belgium. The main products exported from Slovakia to Belgium were Cars ($719M), Rubber Tires ($98.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($97.8M). During the last 5 years the exports of Slovakia to Belgium have increased at an annualized rate of 8.85%, from $1.2B in 2018 to $1.84B in 2023.

In 2018, Belgium exported $1.15B to Slovakia. The main products exported from Belgium to Slovakia were Tractors ($64.4M), Cars ($63.7M), and Flat Flat-Rolled Steel ($61M). During the last 5 years the exports of Belgium to Slovakia have increased at an annualized rate of 4.93%, from $900M in 2023 to $1.15B in 2018.

Exports from Slovakia () to Belgium () (2023)

Exports from Belgium () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Belgium ()

Slovakia Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$21.5B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Slovakia than Belgium included Czechia ($11.1B), Hungary ($7.34B), and Ukraine ($2.34B).

In 2023, countries that imported more from Belgium than Slovakia included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage Slovakia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovakia had a large net trade with Belgium in the exports of Transportation ($847M), Machines ($451M), and Plastics and Rubbers ($142M).

During 2018, Belgium had a large net trade with Slovakia in the exports of Chemical Products ($213M), Machines ($186M), and Transportation ($184M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Belgium+$260MCars

Top Product Potential Belgium Slovakia+$50.5MCars

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

Bel Year

Svk Year

In 2020, Slovakia exported services to Belgium worth $249M, with Transportation ($118M), Other business services ($89.5M), and Construction services ($14.3M) being the largest in terms of value.

In 2020, Belgium exported services to Slovakia worth $291M, with Other business services ($120M), Computer and information services ($61.7M), and Transportation ($38.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Belgium () 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 Belgium. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Slovakia.

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Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Belgium () (2023)

Exports from Belgium () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Belgium ()

Slovakia Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Belgium

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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