Slovakia (SVK) and Portugal (PRT) Trade | The Observatory of Economic Complexity

About

Slovakia-Portugal Trade: In 2023, Slovakia exported $372M to Portugal. The main products that Slovakia exported to Portugal were Cars ($150M), Motor vehicles; parts and accessories (8701 to 8705) ($34.3M), and Video Displays ($33.1M). Over the past 5 years the exports of Slovakia to Portugal have increased at an annualized rate of 2.46%, from $330M in 2018 to $372M in 2023.

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

Portugal-Slovakia Trade: In 2023, Portugal exported $602M to Slovakia. The main products that Portugal exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($143M), Rubber Tires ($78.1M), and Seats ($76.8M). Over the past 5 years the exports of Portugal to Slovakia have increased at an annualized rate of 6.23%, from $419M in 2018 to $602M in 2023.

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovakia exported $372M to Portugal. The main products exported from Slovakia to Portugal were Cars ($150M), Motor vehicles; parts and accessories (8701 to 8705) ($34.3M), and Video Displays ($33.1M). During the last 5 years the exports of Slovakia to Portugal have increased at an annualized rate of 2.46%, from $330M in 2018 to $372M in 2023.

In 2018, Portugal exported $602M to Slovakia. The main products exported from Portugal to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($143M), Rubber Tires ($78.1M), and Seats ($76.8M). During the last 5 years the exports of Portugal to Slovakia have increased at an annualized rate of 6.23%, from $419M in 2023 to $602M in 2018.

Exports from Slovakia () to Portugal () (2023)

Exports from Portugal () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Portugal ()

Slovakia Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$21.5B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Slovakia than Portugal included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

In 2023, countries that imported more from Portugal than Slovakia included Spain ($17.7B), France ($9.19B), and Canada ($2.39B).

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

Comparative Advantage Slovakia - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovakia had a large net trade with Portugal in the exports of Transportation ($185M), Machines ($84.6M), and Metals ($27.1M).

During 2018, Portugal had a large net trade with Slovakia in the exports of Transportation ($186M), Machines ($98.7M), and Plastics and Rubbers ($97.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Portugal+$71.8MCars

Top Product Potential Portugal Slovakia+$27.6MMotor 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Prt Year

Svk Year

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

About

Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Portugal () (2023)

Exports from Portugal () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Portugal ()

Slovakia Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Portugal

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring