Slovakia (SVK) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Slovakia-Russia Trade: In 2023, Slovakia exported $378M to Russia. The main products that Slovakia exported to Russia were Cars ($85.5M), Motor vehicles; parts and accessories (8701 to 8705) ($34.1M), and Air Pumps ($25.6M). Over the past 5 years the exports of Slovakia to Russia have decreased at an annualized rate of 29.7%, from $2.21B in 2018 to $378M in 2023.

In 2020, Slovakia exported services to Russia worth $487M, with Transportation ($421M), Travel ($24.9M), and Computer and information services ($23.9M) being the largest in terms of value.

Russia-Slovakia Trade: In 2023, Russia exported $4.94B to Slovakia. The main products that Russia exported to Slovakia were Petroleum Gas ($2.49B), Crude Petroleum ($2.1B), and Nuclear Reactors ($202M). Over the past 5 years the exports of Russia to Slovakia have decreased at an annualized rate of 0.73%, from $5.13B in 2018 to $4.94B in 2023.

In 2020, Russia exported services to Slovakia worth $51.8M, with Other business services ($34.5M), Transportation ($6.49M), and Computer and information services ($3.83M) 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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovakia exported $378M to Russia. The main products exported from Slovakia to Russia were Cars ($85.5M), Motor vehicles; parts and accessories (8701 to 8705) ($34.1M), and Air Pumps ($25.6M). During the last 5 years the exports of Slovakia to Russia have decreased at an annualized rate of 29.7%, from $2.21B in 2018 to $378M in 2023.

In 2018, Russia exported $4.94B to Slovakia. The main products exported from Russia to Slovakia were Petroleum Gas ($2.49B), Crude Petroleum ($2.1B), and Nuclear Reactors ($202M). During the last 5 years the exports of Russia to Slovakia have decreased at an annualized rate of 0.73%, from $5.13B in 2023 to $4.94B in 2018.

Exports from Slovakia () to Russia () (2023)

Exports from Russia () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Russia ()

Slovakia Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$21.5B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Slovakia than Russia included Germany ($21.5B), Czechia ($11.1B), and United Kingdom ($5.95B).

In 2023, countries that imported more from Russia than Slovakia included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Slovakia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovakia had a large net trade with Russia in the exports of Transportation ($120M), Machines ($104M), and Chemical Products ($41.8M).

During 2018, Russia had a large net trade with Slovakia in the exports of Mineral Products ($4.63B), Machines ($209M), and Chemical Products ($57.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Russia+$144MCars

Top Product Potential Russia Slovakia+$38.7MCoal Briquettes

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

Rus Year

Svk Year

In 2020, Slovakia exported services to Russia worth $487M, with Transportation ($421M), Travel ($24.9M), and Computer and information services ($23.9M) being the largest in terms of value.

In 2020, Russia exported services to Slovakia worth $51.8M, with Other business services ($34.5M), Transportation ($6.49M), and Computer and information services ($3.83M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Russia () (2023)

Exports from Russia () to Slovakia () (2023)

Latest Data

Trade between Slovakia () and Russia ()

Slovakia Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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