2023
Exports
$155MWorld Rnk 30 / 188
Flag Rnk 101 / 1200
2023
PRODUCT COMPLEXITY IN Electric Motor Parts
0.72Rnk 276 / 1025
2023
Imports
$112MWorld Rnk 40 / 219
Flag Rnk 175 / 1211
2023
ECONOMIC COMPLEXITY of Slovakia
1.35Rnk 15 / 132

About

Exports In 2023, Slovakia exported $155M in Electric Motor Parts, making it the 30th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 101st most exported product in Slovakia. The main destination of Electric Motor Parts exports from Slovakia are: Germany ($63.6M), Czechia ($25.7M), Italy ($14.6M), Hungary ($12.6M), and Austria ($8.44M).

The fastest growing export markets for Electric Motor Parts of Slovakia between 2022 and 2023 were Hungary ($8.27M), Serbia ($2.93M), and Denmark ($2.3M).

Imports In 2023, Slovakia imported $112M in Electric Motor Parts, becoming the 40th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 175th most imported product in Slovakia. Slovakia imports Electric Motor Parts primarily from: China ($31M), Germany ($22.9M), Hungary ($14.9M), Thailand ($14.1M), and Italy ($10.7M).

The fastest growing import markets in Electric Motor Parts for Slovakia between 2022 and 2023 were China ($21M), Hungary ($8.02M), and Germany ($5.47M).

Latest Trends

Jan 2025

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 Electric Motor Parts. 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)$155M
IMPORTS (2023)$112M
NET TRADE (2023)$42.8M

In 2023, Slovakia exported $155M in Electric Motor Parts. The main destinations of Slovakia exports on Electric Motor Parts were Germany ($63.6M), Czechia ($25.7M), Italy ($14.6M), Hungary ($12.6M), and Austria ($8.44M).

In 2023, Slovakia imported $112M in Electric Motor Parts, mainly from China ($31M), Germany ($22.9M), Hungary ($14.9M), Thailand ($14.1M), and Italy ($10.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Slovakia WERE (2022 - 2023):
Hungary$8.27M (193%)
Serbia$2.93M (97.2%)
Denmark$2.3M (69.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Slovakia WERE (2022 - 2023):
Germany-$5.14M (-7.48%)
Japan-$2.7M (-75.4%)
Czechia-$2.19M (-7.85%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovakia's main exporting competitors in Electric Motor Parts were:
China $6.05B
Germany $2.67B
Japan $1.75B
In 2023, Slovakia's main importing competitors in Electric Motor Parts were:

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.58M
TOP IMPORT POTENTIALChina+ $6.95M

Electric Motor Parts’s highest export potential is Germany. With an export gap of $7.58M.   Electric Motor Parts’s highest import potential is China with an import gap of $6.95M.

See methodology.

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