2022
Flag  
GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
 GDP
$467BCURRENT US$
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2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
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2022
Flag
GDP PC
$82,808CURRENT US$
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2012-2022
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GDP PC GROWTH
49.1%CURRENT US$
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About

Slovakia-Singapore Trade: In 2022, Slovakia exported $52.2M to Singapore. The main products that Slovakia exported to Singapore were Cars ($6.1M), Cleaning Products ($4.02M), and Motor vehicles; parts and accessories (8701 to 8705) ($3.87M). Over the past 5 years the exports of Slovakia to Singapore have decreased at an annualized rate of 1.74%, from $57M in 2017 to $52.2M in 2022.

In 2020, Slovakia exported services to Singapore worth $72.8M, with Other business services ($38.5M), Computer and information services ($30.8M), and Communications services ($2.4M) being the largest in terms of value.

Singapore-Slovakia Trade: In 2022, Singapore exported $79.1M to Slovakia. The main products that Singapore exported to Slovakia were Broadcasting Accessories ($16.2M), Navigation Equipment ($13.8M), and Synthetic Rubber ($10.1M). Over the past 5 years the exports of Singapore to Slovakia have increased at an annualized rate of 9.88%,  from $45M in 2017 to $79.1M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $52.2M to Singapore. The main products exported from Slovakia to Singapore were Cars ($6.1M), Cleaning Products ($4.02M), and Motor vehicles; parts and accessories (8701 to 8705) ($3.87M). During the last 5 years the exports of Slovakia to Singapore have decreased at an annualized rate of 1.74%, from $57M in 2017 to $52.2M in 2022.

In 2017, Singapore exported $79.1M to Slovakia. The main products exported from Singapore to Slovakia were Broadcasting Accessories ($16.2M), Navigation Equipment ($13.8M), and Synthetic Rubber ($10.1M). During the last 5 years the exports of Singapore to Slovakia have increased at an annualized rate of 9.88%, from $45M in 2022 to $79.1M in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Singapore (Flag)

Slovakia Exports

Singapore Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
Singapore
Top Destination
Hong Kong$51.6B

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

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

In 2022, countries that imported more from Singapore than Slovakia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Slovakia - Singapore

Flow
Scale

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

During 2022, Slovakia had a large net trade with Singapore in the exports of Machines ($21.4M), Transportation ($10.1M), and Chemical Products ($7.34M).

During 2017, Singapore had a large net trade with Slovakia in the exports of Machines ($53.9M), Plastics and Rubbers ($10.8M), and Chemical Products ($8.59M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Singapore+$15.7MCars
Top Product Potential Singapore Slovakia+$10.3MIntegrated 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 Singapore. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Slovakia.

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

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