2022
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GDP
$115BCURRENT US$
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2012-2022
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GDP GROWTH
22%CURRENT US$
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2022
Flag
 GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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GDP PC 
$21,258CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
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2022
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GDP PC
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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About

Slovakia-Romania Trade: In 2022, Slovakia exported $2.68B to Romania. The main products that Slovakia exported to Romania were Broadcasting Equipment ($441M), Video Displays ($164M), and Cars ($130M). Over the past 5 years the exports of Slovakia to Romania have increased at an annualized rate of 5.5%, from $2.05B in 2017 to $2.68B in 2022.

In 2020, Slovakia exported services to Romania worth $85.3M, with Transportation ($34.8M), Travel ($12.6M), and Other business services ($11M) being the largest in terms of value.

Romania-Slovakia Trade: In 2022, Romania exported $1.9B to Slovakia. The main products that Romania exported to Slovakia were Insulated Wire ($278M), Motor vehicles; parts and accessories (8701 to 8705) ($229M), and Seats ($176M). Over the past 5 years the exports of Romania to Slovakia have increased at an annualized rate of 9.59%,  from $1.2B in 2017 to $1.9B in 2022.

In 2020, Romania exported services to Slovakia worth $157M, with Transportation ($95.6M), Other business services ($32.8M), and Communications services ($8.57M) 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $2.68B to Romania. The main products exported from Slovakia to Romania were Broadcasting Equipment ($441M), Video Displays ($164M), and Cars ($130M). During the last 5 years the exports of Slovakia to Romania have increased at an annualized rate of 5.5%, from $2.05B in 2017 to $2.68B in 2022.

In 2017, Romania exported $1.9B to Slovakia. The main products exported from Romania to Slovakia were Insulated Wire ($278M), Motor vehicles; parts and accessories (8701 to 8705) ($229M), and Seats ($176M). During the last 5 years the exports of Romania to Slovakia have increased at an annualized rate of 9.59%, from $1.2B in 2022 to $1.9B in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Romania (Flag)

Slovakia Exports

Romania Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Slovakia than Romania included Czechia ($12.6B), Poland ($8.05B), and Austria ($5.81B).

In 2022, countries that imported more from Romania than Slovakia included Italy ($9.55B), Bulgaria ($3.9B), and Turkey ($3.16B).

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

Comparative Advantage Slovakia - Romania

Flow
Scale

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

During 2022, Slovakia had a large net trade with Romania in the exports of Machines ($1.19B), Metals ($381M), and Transportation ($270M).

During 2017, Romania had a large net trade with Slovakia in the exports of Machines ($741M), Metals ($297M), and Transportation ($280M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Romania+$82MCars
Top Product Potential Romania Slovakia+$66.1MMotor 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 Romania worth $85.3M, with Transportation ($34.8M), Travel ($12.6M), and Other business services ($11M) being the largest in terms of value.

In 2020, Romania exported services to Slovakia worth $157M, with Transportation ($95.6M), Other business services ($32.8M), and Communications services ($8.57M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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