Slovakia (SVK) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Slovakia-Italy Trade: In 2023, Slovakia exported $5.07B to Italy. The main products that Slovakia exported to Italy were Cars ($1.56B), Motor vehicles; parts and accessories (8701 to 8705) ($375M), and Video Displays ($219M). Over the past 5 years the exports of Slovakia to Italy have increased at an annualized rate of 0.74%, from $4.89B in 2018 to $5.07B in 2023.

In 2020, Slovakia exported services to Italy worth $288M, with Transportation ($185M), Other business services ($35.8M), and Travel ($35.3M) being the largest in terms of value.

Italy-Slovakia Trade: In 2023, Italy exported $4.17B to Slovakia. The main products that Italy exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($368M), Packaged Medicaments ($110M), and Other Plastic Products ($86.2M). Over the past 5 years the exports of Italy to Slovakia have increased at an annualized rate of 3.17%, from $3.57B in 2018 to $4.17B in 2023.

In 2020, Italy exported services to Slovakia worth $389M, with Travel ($158M), Transportation ($97M), and Other business services ($87.7M) 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovakia exported $5.07B to Italy. The main products exported from Slovakia to Italy were Cars ($1.56B), Motor vehicles; parts and accessories (8701 to 8705) ($375M), and Video Displays ($219M). During the last 5 years the exports of Slovakia to Italy have increased at an annualized rate of 0.74%, from $4.89B in 2018 to $5.07B in 2023.

In 2018, Italy exported $4.17B to Slovakia. The main products exported from Italy to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($368M), Packaged Medicaments ($110M), and Other Plastic Products ($86.2M). During the last 5 years the exports of Italy to Slovakia have increased at an annualized rate of 3.17%, from $3.57B in 2023 to $4.17B in 2018.

Exports from Slovakia () to Italy () (2023)

Exports from Italy () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Italy ()

Slovakia Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$21.5B

Italy
Top DestinationGermany$71.4B

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

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

In 2023, countries that imported more from Italy than Slovakia included United States ($70.9B), France ($61.1B), and Germany ($71.4B).

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

Comparative Advantage Slovakia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovakia had a large net trade with Italy in the exports of Transportation ($2B), Machines ($1.38B), and Metals ($500M).

During 2018, Italy had a large net trade with Slovakia in the exports of Machines ($1.1B), Metals ($907M), and Transportation ($552M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Italy+$434MCars

Top Product Potential Italy Slovakia+$115MMotor 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

Ita Year

Svk Year

In 2020, Slovakia exported services to Italy worth $288M, with Transportation ($185M), Other business services ($35.8M), and Travel ($35.3M) being the largest in terms of value.

In 2020, Italy exported services to Slovakia worth $389M, with Travel ($158M), Transportation ($97M), and Other business services ($87.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Italy () (2023)

Exports from Italy () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Italy ()

Slovakia Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Italy

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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