2023
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GDP
$133BCURRENT US$
Rnk 61 / 195
2013-2023
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GDP GROWTH
34.1%CURRENT US$
Rnk 104 / 195
2023
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 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH
-7.74%CURRENT US$
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2023
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GDP PC 
$24,491CURRENT US$
Rnk 51 / 195
2013-2023
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GDP PC GROWTH
33.7%CURRENT US$
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2023
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GDP PC
$87,925CURRENT US$
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2013-2023
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GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Slovakia-Norway Trade: In 2023, Slovakia exported $383M to Norway. The main products that Slovakia exported to Norway were Cars ($61.4M), Video Displays ($38.4M), and Electrical Transformers ($30.1M). Over the past 5 years the exports of Slovakia to Norway have decreased at an annualized rate of 3.01%, from $447M in 2018 to $383M in 2023.

In 2020, Slovakia exported services to Norway worth $22M, with Transportation ($11M), Other business services ($7.2M), and Travel ($2.17M) being the largest in terms of value.

Norway-Slovakia Trade: In 2023, Norway exported $219M to Slovakia. The main products that Norway exported to Slovakia were Raw Aluminium ($71.1M), Aluminium Bars ($28.9M), and Ferroalloys ($22.6M). Over the past 5 years the exports of Norway to Slovakia have increased at an annualized rate of 20.7%,  from $85.3M in 2018 to $219M in 2023.

In 2009, Norway exported services to Slovakia worth $19.3M, with Communications services ($9.43M), Travel ($8.15M), and Government services, n.i.e. ($1.28M) 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovakia exported $383M to Norway. The main products exported from Slovakia to Norway were Cars ($61.4M), Video Displays ($38.4M), and Electrical Transformers ($30.1M). During the last 5 years the exports of Slovakia to Norway have decreased at an annualized rate of 3.01%, from $447M in 2018 to $383M in 2023.

In 2018, Norway exported $219M to Slovakia. The main products exported from Norway to Slovakia were Raw Aluminium ($71.1M), Aluminium Bars ($28.9M), and Ferroalloys ($22.6M). During the last 5 years the exports of Norway to Slovakia have increased at an annualized rate of 20.7%, from $85.3M in 2023 to $219M in 2018.

Exports from Slovakia (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Slovakia (Flag) (2023)

Latest Data

Trade between Slovakia (Flag) and Norway (Flag)

Slovakia Exports

Norway Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$21.5B
Norway
Top Destination
Germany$33.8B

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

In 2023, countries that imported more from Slovakia than Norway included Czechia ($11.1B), Hungary ($7.34B), and Austria ($4.21B).

In 2023, countries that imported more from Norway than Slovakia included United Kingdom ($32.6B), Sweden ($15.9B), and Germany ($33.8B).

Difference in imports from Norway (Flag) and Slovakia (Flag) (2023)

Comparative Advantage Slovakia - Norway

Flow
Scale

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

During 2023, Slovakia had a large net trade with Norway in the exports of Machines ($157M), Transportation ($75.3M), and Metals ($42.2M).

During 2018, Norway had a large net trade with Slovakia in the exports of Metals ($137M), Transportation ($27.1M), and Machines ($14.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Norway+$72.2MCars
Top Product Potential Norway Slovakia+$9.21MMotor 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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Economic Complexity

Competitive Landscape

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

Product Space of Slovakia (Flag) and Norway (Flag) (2023)

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