Slovakia (SVK) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

About

Slovakia-Vietnam Trade: In 2022, Slovakia exported $43.1M to Vietnam. The main products that Slovakia exported to Vietnam were Cars ($8.58M), Revolution Counters ($2.84M), and Ball Bearings ($2.59M). Over the past 5 years the exports of Slovakia to Vietnam have decreased at an annualized rate of 6.35%, from $59.8M in 2017 to $43.1M in 2022.

In 2022, Slovakia did not export any services to Vietnam.

Vietnam-Slovakia Trade: In 2022, Vietnam exported $2.14B to Slovakia. The main products that Vietnam exported to Slovakia were Broadcasting Equipment ($765M), Broadcasting Accessories ($412M), and Office Machine Parts ($224M). Over the past 5 years the exports of Vietnam to Slovakia have increased at an annualized rate of 13.2%, from $1.15B in 2017 to $2.14B in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Slovakia exported $43.1M to Vietnam. The main products exported from Slovakia to Vietnam were Cars ($8.58M), Revolution Counters ($2.84M), and Ball Bearings ($2.59M). During the last 5 years the exports of Slovakia to Vietnam have decreased at an annualized rate of 6.35%, from $59.8M in 2017 to $43.1M in 2022.

In 2017, Vietnam exported $2.14B to Slovakia. The main products exported from Vietnam to Slovakia were Broadcasting Equipment ($765M), Broadcasting Accessories ($412M), and Office Machine Parts ($224M). During the last 5 years the exports of Vietnam to Slovakia have increased at an annualized rate of 13.2%, from $1.15B in 2022 to $2.14B in 2017.

Exports from Slovakia () to Vietnam () (2022)

Exports from Vietnam () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Vietnam ()

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$22.2B

Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Slovakia included United States ($117B), China ($58.7B), and South Korea ($25.2B).

Difference in imports from Vietnam () and Slovakia () (2022)

Comparative Advantage Slovakia - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Slovakia had a large net trade with Vietnam in the exports of Machines ($16.6M), Transportation ($9.11M), and Instruments ($4.93M).

During 2017, Vietnam had a large net trade with Slovakia in the exports of Machines ($1.88B), Footwear and Headwear ($88.2M), and Instruments ($36.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Vietnam+$24.5MCars

Top Product Potential Vietnam Slovakia+$152MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Vietnam () (2022)

Exports from Vietnam () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Vietnam ()

Slovakia Exports

Market Competitiveness

Difference in imports from Vietnam () and Slovakia () (2022)

Comparative Advantage Slovakia - Vietnam

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Slovakia () and Vietnam () (2022)

Keep Exploring