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2022
Flag → Flag
Exports $5.15BRnk 7 / 203
2022
Flag → Flag
Top Product $1.19BCars
2022
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Exports $4.13BRnk 32 / 221
2022
Flag → Flag
Top Product $292MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $21,258CURRENT US$
Rnk 48 / 186
2012-2022
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GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186
2022
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GDP PC$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Slovakia-Italy Trade: In 2022, Slovakia exported $5.15B to Italy. The main products that Slovakia exported to Italy were Cars ($1.19B), Video Displays ($433M), and Motor vehicles; parts and accessories (8701 to 8705) ($255M). Over the past 5 years the exports of Slovakia to Italy have decreased at an annualized rate of 0.15%, from $5.19B in 2017 to $5.15B in 2022.

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 2022, Italy exported $4.13B to Slovakia. The main products that Italy exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($292M), Packaged Medicaments ($89.7M), and Other Plastic Products ($85.5M). Over the past 5 years the exports of Italy to Slovakia have increased at an annualized rate of 4.54%,  from $3.3B in 2017 to $4.13B in 2022.

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 2022,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $5.15B to Italy. The main products exported from Slovakia to Italy were Cars ($1.19B), Video Displays ($433M), and Motor vehicles; parts and accessories (8701 to 8705) ($255M). During the last 5 years the exports of Slovakia to Italy have decreased at an annualized rate of 0.15%, from $5.19B in 2017 to $5.15B in 2022.

In 2017, Italy exported $4.13B to Slovakia. The main products exported from Italy to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($292M), Packaged Medicaments ($89.7M), and Other Plastic Products ($85.5M). During the last 5 years the exports of Italy to Slovakia have increased at an annualized rate of 4.54%, from $3.3B in 2022 to $4.13B in 2017.

Exports from Slovakia (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Slovakia (Flag) (2022)

Latest Data

Trade between Slovakia (Flag) and Italy (Flag)

Slovakia Exports

Italy Exports

Market Competitiveness

Color
Slovakia
Top DestinationGermany$22.2B
Italy
Top DestinationGermany$78.5B

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 2022, countries that imported more from Slovakia than Italy included Czechia ($12.6B), Hungary ($9.79B), and Ukraine ($1.55B).

In 2022, countries that imported more from Italy than Slovakia included United States ($68.2B), France ($63.8B), and Germany ($78.5B).

Difference in imports from Italy (Flag) and Slovakia (Flag) (2022)

Comparative Advantage Slovakia - Italy

Flow
Scale

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

During 2022, Slovakia had a large net trade with Italy in the exports of Machines ($1.65B), Transportation ($1.5B), and Metals ($606M).

During 2017, Italy had a large net trade with Slovakia in the exports of Machines ($1.15B), Metals ($959M), and Transportation ($425M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Italy (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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.

Product Space of Slovakia (Flag) and Italy (Flag) (2022)

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