United States (USA) and Slovakia (SVK) Trade

2022

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Exports $700MRnk 93 / 219

2022

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About

United States-Slovakia Trade: In 2022, United States exported $700M to Slovakia. The main products that United States exported to Slovakia were Coal Briquettes ($68.4M), Cars ($61M), and Iron Ore ($42.1M). Over the past 5 years the exports of United States to Slovakia have increased at an annualized rate of 0.5%, from $683M in 2017 to $700M in 2022.

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 2022, Slovakia exported $4.23B to United States. The main products that Slovakia exported to United States were Cars ($2.7B), Rubber Tires ($264M), and Transmissions ($80.4M). Over the past 5 years the exports of Slovakia to United States have increased at an annualized rate of 10.1%, from $2.61B in 2017 to $4.23B in 2022.

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 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Company data: In 2023, leading companies such as Continental Tire (1.11k), IKEA Group (212), and Robert Bosch (203) were at the forefront of exporting goods from Slovakia to the United States. Conversely, Unknown (625), Continental Matador Truck Tires S.r (485), and Other (148) were notable for importing products to Slovakia from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $29.9M and imported $566M from Slovakia, resulting in a negative trade balance of $536M. Between August 2023 and August 2024 the exports of United States have decreased by $-563k (-1.85%) from $30.5M to $29.9M, while imports decreased by $-228M (-28.7%) from $794M to $566M.

Trade In August 2024, the top exports of United States to Slovakia were Packaged Medicaments ($2.28M), Broadcasting Equipment ($1.81M), Commodities not elsewhere specified ($1.59M), Glass Working Machines ($1.3M), and Sulfate Chemical Woodpulp ($1.2M). In August 2024 the top imports of United States from Slovakia were Cars ($427M), Rubber Tires ($28M), Motor vehicles; parts and accessories (8701... ($9.46M), Electrical Lighting and Signalling Equipment ($8.34M), and Air Pumps ($8.32M).

Origins In August 2024 the exports of United States were mainly from California ($4.86M), Illinois ($4.11M), Pennsylvania ($2.74M), Michigan ($2.54M), and Virginia ($1.83M), while imports destinations were mainly New Jersey ($141M), California ($92.9M), Texas ($75.9M), Florida ($71.6M), and Maryland ($30.4M).

Growth In August 2024, the decrease in United States's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Spark-Ignition Engines ($-1.19M or -99.8%), Scrap Copper ($-903k or -77.6%), and LCDs ($-595k or -35.6%). In August 2024, the decrease in United States's year-by-year imports from Slovakia was explained primarily by an decrease in product imports in Broadcasting Accessories ($-18.8M or -90.2%), X-Ray Equipment ($-1.6M or -86.7%), and Collector's Items ($-1.55M or -97.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$-563k(-1.85%)

IMPORT GROWTH (August 2023 - August 2024)$-228M(-28.7%)

MAIN EXPORTER (August 2024)California$4.86M

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 2022, United States exported $700M to Slovakia. The main products exported from United States to Slovakia were Coal Briquettes ($68.4M), Cars ($61M), and Iron Ore ($42.1M). During the last 5 years the exports of United States to Slovakia have increased at an annualized rate of 0.5%, from $683M in 2017 to $700M in 2022.

In 2017, Slovakia exported $4.23B to United States. The main products exported from Slovakia to United States were Cars ($2.7B), Rubber Tires ($264M), and Transmissions ($80.4M). During the last 5 years the exports of Slovakia to United States have increased at an annualized rate of 10.1%, from $2.61B in 2022 to $4.23B in 2017.

Exports from United States () to Slovakia () (2022)

Exports from Slovakia () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Slovakia
Top DestinationGermany$22.2B

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 2022, countries that imported more from United States than Slovakia included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Slovakia than United States included Czechia ($12.6B), Hungary ($9.79B), and Romania ($2.68B).

Difference in imports from Slovakia () and United States () (2022)

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 2022, United States had a large net trade with Slovakia in the exports of Machines ($186M), Mineral Products ($128M), and Chemical Products ($89.5M).

During 2017, Slovakia had a large net trade with United States in the exports of Transportation ($2.77B), Machines ($790M), and Plastics and Rubbers ($302M).

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 () (2022)

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