2022
Flag  
GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
 GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 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
$10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH
-9.24%CURRENT US$
Rnk 162 / 186

About

Slovakia-Turkey Trade: In 2022, Slovakia exported $1.05B to Turkey. The main products that Slovakia exported to Turkey were Cars ($176M), Rubber Tires ($115M), and Central Heating Boilers ($64.9M). Over the past 5 years the exports of Slovakia to Turkey have increased at an annualized rate of 3.05%, from $903M in 2017 to $1.05B in 2022.

In 2020, Slovakia exported services to Turkey worth $41.9M, with Transportation ($27.3M), Computer and information services ($10.5M), and Other business services ($3.08M) being the largest in terms of value.

Turkey-Slovakia Trade: In 2022, Turkey exported $803M to Slovakia. The main products that Turkey exported to Slovakia were Aluminium Plating ($41.1M), Cars ($34.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($31.4M). Over the past 5 years the exports of Turkey to Slovakia have increased at an annualized rate of 11.8%,  from $459M in 2017 to $803M in 2022.

In 2009, Turkey exported services to Slovakia worth $0, with 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovakia exported $1.05B to Turkey. The main products exported from Slovakia to Turkey were Cars ($176M), Rubber Tires ($115M), and Central Heating Boilers ($64.9M). During the last 5 years the exports of Slovakia to Turkey have increased at an annualized rate of 3.05%, from $903M in 2017 to $1.05B in 2022.

In 2017, Turkey exported $803M to Slovakia. The main products exported from Turkey to Slovakia were Aluminium Plating ($41.1M), Cars ($34.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($31.4M). During the last 5 years the exports of Turkey to Slovakia have increased at an annualized rate of 11.8%, from $459M in 2022 to $803M in 2017.

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

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

Latest Data

Trade between Slovakia (Flag) and Turkey (Flag)

Slovakia Exports

Turkey Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
Turkey
Top Destination
Germany$21.9B

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

In 2022, countries that imported more from Slovakia than Turkey included Czechia ($12.6B), Hungary ($9.79B), and Austria ($5.81B).

In 2022, countries that imported more from Turkey than Slovakia included Iraq ($13.7B), United States ($17.1B), and United Kingdom ($13.7B).

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

Comparative Advantage Slovakia - Turkey

Flow
Scale

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

During 2022, Slovakia had a large net trade with Turkey in the exports of Machines ($347M), Transportation ($252M), and Plastics and Rubbers ($155M).

During 2017, Turkey had a large net trade with Slovakia in the exports of Metals ($213M), Textiles ($150M), and Machines ($114M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Turkey+$185MCars
Top Product Potential Turkey Slovakia+$42.7MMotor 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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Slovakia and Turkey. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Slovakia.

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

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