2022
Flag  
GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
 GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC 
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186

About

Slovakia-Philippines Trade: In 2022, Slovakia exported $20.9M to Philippines. The main products that Slovakia exported to Philippines were Cars ($13.5M), Insulated Wire ($2.18M), and Machinery Having Individual Functions ($1.13M). Over the past 5 years the exports of Slovakia to Philippines have increased at an annualized rate of 19.3%, from $8.64M in 2017 to $20.9M in 2022.

In 2020, Slovakia exported services to Philippines worth $914k, with Computer and information services ($457k), Travel ($228k), and Communications services ($114k) being the largest in terms of value.

Philippines-Slovakia Trade: In 2022, Philippines exported $52.1M to Slovakia. The main products that Philippines exported to Slovakia were Integrated Circuits ($24.3M), Electromagnets ($2.66M), and Semiconductor Devices ($2.46M). Over the past 5 years the exports of Philippines to Slovakia have decreased at an annualized rate of 8.09%,  from $79.4M in 2017 to $52.1M in 2022.

In 2022, Philippines did not export any services to Slovakia.

Comparison: In 2022,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $20.9M to Philippines. The main products exported from Slovakia to Philippines were Cars ($13.5M), Insulated Wire ($2.18M), and Machinery Having Individual Functions ($1.13M). During the last 5 years the exports of Slovakia to Philippines have increased at an annualized rate of 19.3%, from $8.64M in 2017 to $20.9M in 2022.

In 2017, Philippines exported $52.1M to Slovakia. The main products exported from Philippines to Slovakia were Integrated Circuits ($24.3M), Electromagnets ($2.66M), and Semiconductor Devices ($2.46M). During the last 5 years the exports of Philippines to Slovakia have decreased at an annualized rate of 8.09%, from $79.4M in 2022 to $52.1M in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Philippines (Flag)

Slovakia Exports

Philippines Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
Philippines
Top Destination
United States$15.5B

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

In 2022, countries that imported more from Slovakia than Philippines included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

In 2022, countries that imported more from Philippines than Slovakia included Hong Kong ($12.6B), China ($15.3B), and United States ($15.5B).

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

Comparative Advantage Slovakia - Philippines

Flow
Scale

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

During 2022, Slovakia had a large net trade with Philippines in the exports of Transportation ($13.6M), Machines ($5.38M), and Miscellaneous ($356k).

During 2017, Philippines had a large net trade with Slovakia in the exports of Machines ($44M), Foodstuffs ($2.06M), and Transportation ($1.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Philippines+$25.1MCars
Top Product Potential Philippines Slovakia+$27.6MIntegrated Circuits

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 Philippines. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Slovakia.

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

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