United States (USA) and Slovakia (SVK) Trade

2023

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Exports $1.34BRnk 74 / 220

2023

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About

United States-Slovakia Trade: In 2023, United States exported $1.34B to Slovakia. The main products that United States exported to Slovakia were Coal Briquettes ($272M), Cars ($164M), and Vaccines, blood, antisera, toxins and cultures ($77.8M). Over the past 5 years the exports of United States to Slovakia have increased at an annualized rate of 11.3%, from $789M in 2018 to $1.34B in 2023.

In 2017, United States exported services to Slovakia worth $329M, with Travel ($151M), Royalties and license fees ($52M), and Financial services ($40M) being the largest in terms of value.

Slovakia-United States Trade: In 2023, Slovakia exported $6.19B to United States. The main products that Slovakia exported to United States were Cars ($4.42B), Rubber Tires ($295M), and Motor vehicles; parts and accessories (8701 to 8705) ($120M). Over the past 5 years the exports of Slovakia to United States have increased at an annualized rate of 8.53%, from $4.11B in 2018 to $6.19B in 2023.

In 2020, Slovakia exported services to United States worth $481M, with Computer and information services ($198M), Communications services ($163M), and Other business services ($90M) being the largest in terms of value.

Comparison: In 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Company data: In 2024, leading companies such as Continental Tire (859), Robert Bosch (109), and IKEA Group (19) were at the forefront of exporting goods from Slovakia to the United States. Conversely, Unknown (858) and Other (137) were notable for importing products to Slovakia from the United States.

Latest Trends

January, 2025

About

Overview In January 2025, United States exported $35.3M and imported $493M from Slovakia, resulting in a negative trade balance of $457M. Between January 2024 and January 2025 the exports of United States have increased by $7.86M (28.6%) from $27.5M to $35.3M, while imports increased by $38.7M (8.52%) from $454M to $493M.

Trade In January 2025, the top exports of United States to Slovakia were Commodities not elsewhere specified ($1.81M), Iron Fasteners ($1.41M), Tractors ($1.38M), Scrap Copper ($1.36M), and Valves ($1.25M). In January 2025 the top imports of United States from Slovakia were Cars ($299M), Rubber Tires ($30M), Motor vehicles; parts and accessories (8701... ($10.1M), Machinery Having Individual Functions ($6.82M), and Commodities not elsewhere specified ($6.71M).

Origins In January 2025 the exports of United States were mainly from South Carolina ($63.5M), Pennsylvania ($8.72M), Virginia ($8.38M), Michigan ($3.48M), and California ($2.74M), while imports destinations were mainly New Jersey ($252M), Texas ($164M), California ($118M), Maryland ($110M), and Rhode Island ($82.5M).

Growth In January 2025, the increase in United States's year-by-year exports to Slovakia was explained primarily by an increase in product exports in Iron Fasteners ($1.18M or 511%), Industrial Food Preperation Machinery ($1.13M or 2.19k%), and Scrap Copper ($1.1M or 422%). In January 2025, the increase in United States's year-by-year imports from Slovakia was explained primarily by an increase in product imports in Machinery Having Individual Functions ($4.63M or 212%), Rubber Tires ($1.97M or 7.04%), and Centrifuges ($1.88M or 94.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2024 - January 2025)$7.86M(28.6%)

IMPORT GROWTH (January 2024 - January 2025)$38.7M(8.52%)

MAIN EXPORTER (January 2025)South Carolina$63.5M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Slovakia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, United States exported $1.34B to Slovakia. The main products exported from United States to Slovakia were Coal Briquettes ($272M), Cars ($164M), and Vaccines, blood, antisera, toxins and cultures ($77.8M). During the last 5 years the exports of United States to Slovakia have increased at an annualized rate of 11.3%, from $789M in 2018 to $1.34B in 2023.

In 2018, Slovakia exported $6.19B to United States. The main products exported from Slovakia to United States were Cars ($4.42B), Rubber Tires ($295M), and Motor vehicles; parts and accessories (8701 to 8705) ($120M). During the last 5 years the exports of Slovakia to United States have increased at an annualized rate of 8.53%, from $4.11B in 2023 to $6.19B in 2018.

Exports from United States () to Slovakia () (2023)

Exports from Slovakia () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Slovakia
Top DestinationGermany$21.5B

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

In 2023, countries that imported more from United States than Slovakia included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Slovakia than United States included Czechia ($11.1B), Hungary ($7.34B), and Romania ($2.62B).

Difference in imports from Slovakia () and United States () (2023)

Comparative Advantage United States - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, United States had a large net trade with Slovakia in the exports of Mineral Products ($343M), Machines ($238M), and Transportation ($215M).

During 2018, Slovakia had a large net trade with United States in the exports of Transportation ($4.55B), Machines ($901M), and Plastics and Rubbers ($337M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Slovakia+$71.3MCars

Top Product Potential Slovakia United States+$1.02BCars

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

Svk Year

Usa Year

In 2017, United States exported services to Slovakia worth $329M, with Travel ($151M), Royalties and license fees ($52M), and Financial services ($40M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Slovakia () (2017)

Services Exports from Slovakia () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Slovakia () (2023)

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