2023
Flag  
GDP
$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH
34.1%CURRENT US$
Rnk 104 / 195
2023
Flag
 GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC 
$24,491CURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP PC GROWTH
33.7%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC
$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195

About

Slovakia-Sweden Trade: In 2023, Slovakia exported $1.44B to Sweden. The main products that Slovakia exported to Sweden were Cars ($411M), Video Displays ($187M), and Electrical Lighting and Signalling Equipment ($82.4M). Over the past 5 years the exports of Slovakia to Sweden have increased at an annualized rate of 4.67%, from $1.14B in 2018 to $1.44B in 2023.

In 2020, Slovakia exported services to Sweden worth $91M, with Other business services ($29.8M), Construction services ($25.9M), and Transportation ($16.3M) being the largest in terms of value.

Sweden-Slovakia Trade: In 2023, Sweden exported $649M to Slovakia. The main products that Sweden exported to Slovakia were Reaction and Catalytic Products ($70.5M), Cars ($50.9M), and Sulfate Chemical Woodpulp ($35.9M). Over the past 5 years the exports of Sweden to Slovakia have increased at an annualized rate of 6.48%,  from $474M in 2018 to $649M in 2023.

In 2020, Sweden exported services to Slovakia worth $132M, with Other business services ($40.3M), Construction services ($39.5M), and Computer and information services ($19.4M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovakia exported $1.44B to Sweden. The main products exported from Slovakia to Sweden were Cars ($411M), Video Displays ($187M), and Electrical Lighting and Signalling Equipment ($82.4M). During the last 5 years the exports of Slovakia to Sweden have increased at an annualized rate of 4.67%, from $1.14B in 2018 to $1.44B in 2023.

In 2018, Sweden exported $649M to Slovakia. The main products exported from Sweden to Slovakia were Reaction and Catalytic Products ($70.5M), Cars ($50.9M), and Sulfate Chemical Woodpulp ($35.9M). During the last 5 years the exports of Sweden to Slovakia have increased at an annualized rate of 6.48%, from $474M in 2023 to $649M in 2018.

Exports from Slovakia (Flag) to Sweden (Flag) (2023)

Exports from Sweden (Flag) to Slovakia (Flag) (2023)

Latest Data

Trade between Slovakia (Flag) and Sweden (Flag)

Slovakia Exports

Sweden Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$21.5B
Sweden
Top Destination
Germany$18.4B

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

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

In 2023, countries that imported more from Sweden than Slovakia included Denmark ($14.4B), United States ($18.1B), and Norway ($10.9B).

Difference in imports from Sweden (Flag) and Slovakia (Flag) (2023)

Comparative Advantage Slovakia - Sweden

Flow
Scale

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

During 2023, Slovakia had a large net trade with Sweden in the exports of Machines ($611M), Transportation ($499M), and Foodstuffs ($88.5M).

During 2018, Sweden had a large net trade with Slovakia in the exports of Machines ($123M), Chemical Products ($118M), and Metals ($109M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Sweden+$128MCars
Top Product Potential Sweden Slovakia+$27.8MCars

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 Sweden worth $91M, with Other business services ($29.8M), Construction services ($25.9M), and Transportation ($16.3M) being the largest in terms of value.

In 2020, Sweden exported services to Slovakia worth $132M, with Other business services ($40.3M), Construction services ($39.5M), and Computer and information services ($19.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Product Space of Slovakia (Flag) and Sweden (Flag) (2023)

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