2022
Flag  
GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
 GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC 
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186

About

Slovakia-Thailand Trade: In 2022, Slovakia exported $59.6M to Thailand. The main products that Slovakia exported to Thailand were Cars ($10.9M), Air Pumps ($4.19M), and Handguns ($3.38M). Over the past 5 years the exports of Slovakia to Thailand have increased at an annualized rate of 5.78%, from $45M in 2017 to $59.6M in 2022.

In 2020, Slovakia exported services to Thailand worth $3.08M, with Travel ($2.17M), Computer and information services ($343k), and Other business services ($343k) being the largest in terms of value.

Thailand-Slovakia Trade: In 2022, Thailand exported $370M to Slovakia. The main products that Thailand exported to Slovakia were Rubber ($56.8M), Electrical Control Boards ($41.6M), and Video Displays ($37M). Over the past 5 years the exports of Thailand to Slovakia have increased at an annualized rate of 15%,  from $184M in 2017 to $370M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $59.6M to Thailand. The main products exported from Slovakia to Thailand were Cars ($10.9M), Air Pumps ($4.19M), and Handguns ($3.38M). During the last 5 years the exports of Slovakia to Thailand have increased at an annualized rate of 5.78%, from $45M in 2017 to $59.6M in 2022.

In 2017, Thailand exported $370M to Slovakia. The main products exported from Thailand to Slovakia were Rubber ($56.8M), Electrical Control Boards ($41.6M), and Video Displays ($37M). During the last 5 years the exports of Thailand to Slovakia have increased at an annualized rate of 15%, from $184M in 2022 to $370M in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Thailand (Flag)

Slovakia Exports

Thailand Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
Thailand
Top Destination
United States$53.4B

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

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

In 2022, countries that imported more from Thailand than Slovakia included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Slovakia - Thailand

Flow
Scale

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

During 2022, Slovakia had a large net trade with Thailand in the exports of Machines ($27.2M), Transportation ($13.2M), and Weapons ($3.41M).

During 2017, Thailand had a large net trade with Slovakia in the exports of Machines ($231M), Plastics and Rubbers ($70M), and Metals ($16.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Thailand+$17.1MCars
Top Product Potential Thailand Slovakia+$16MIntegrated 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 Thailand. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Slovakia.

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

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