2023
Exports
$916kWorld Rnk 98 / 150
Flag Rnk 838 / 1200
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$2.45BWorld Rnk 44 / 159
Flag Rnk 6 / 1211
2023
ECONOMIC COMPLEXITY of Slovakia
1.35Rnk 15 / 132

About

Exports In 2023, Slovakia exported $916k in Crude Petroleum, making it the 98th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 838th most exported product in Slovakia. The main destination of Crude Petroleum exports from Slovakia are: Austria ($888k), Hungary ($25.3k), and Netherlands ($2.35k).

The fastest growing export markets for Crude Petroleum of Slovakia between 2022 and 2023 were Hungary ($25.3k).

Imports In 2023, Slovakia imported $2.45B in Crude Petroleum, becoming the 44th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 6th most imported product in Slovakia. Slovakia imports Crude Petroleum primarily from: Russia ($2.1B), Oman ($96.4M), Hungary ($75.5M), Kazakhstan ($64.5M), and Libya ($57.4M).

The fastest growing import markets in Crude Petroleum for Slovakia between 2022 and 2023 were Oman ($96.4M), Libya ($57.4M), and United States ($57.4M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$916k
IMPORTS (2023)$2.45B
NET TRADE (2023)-$2.45B

In 2023, Slovakia exported $916k in Crude Petroleum. The main destinations of Slovakia exports on Crude Petroleum were Austria ($888k), Hungary ($25.3k), and Netherlands ($2.35k).

In 2023, Slovakia imported $2.45B in Crude Petroleum, mainly from Russia ($2.1B), Oman ($96.4M), Hungary ($75.5M), Kazakhstan ($64.5M), and Libya ($57.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Slovakia WERE (2022 - 2023):Hungary$25.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Slovakia WERE (2022 - 2023):
Austria-$518k (-36.8%)
Czechia-$1.28k (-100%)
Netherlands-$558 (-19.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovakia's main exporting competitors in Crude Petroleum were:
In 2023, Slovakia's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustria+ $1.04M
TOP IMPORT POTENTIALKazakhstan+ $38.1M

Crude Petroleum’s highest export potential is Austria. With an export gap of $1.04M.   Crude Petroleum’s highest import potential is Kazakhstan with an import gap of $38.1M.

See methodology.

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