2023
Exports
$533MWorld Rnk 27 / 211
Flag Rnk 26 / 1200
2023
PRODUCT COMPLEXITY IN Electric Motors
0.8Rnk 253 / 1025
2023
Imports
$1.06BWorld Rnk 20 / 226
Flag Rnk 17 / 1211
2023
ECONOMIC COMPLEXITY of Slovakia
1.35Rnk 15 / 132

About

Exports In 2023, Slovakia exported $533M in Electric Motors, making it the 27th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 26th most exported product in Slovakia. The main destination of Electric Motors exports from Slovakia are: Germany ($84.2M), Sweden ($77.2M), Hungary ($47.9M), Turkey ($46.4M), and Poland ($42.9M).

The fastest growing export markets for Electric Motors of Slovakia between 2022 and 2023 were Sweden ($56.4M), Hungary ($29.1M), and Turkey ($11.2M).

Imports In 2023, Slovakia imported $1.06B in Electric Motors, becoming the 20th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 17th most imported product in Slovakia. Slovakia imports Electric Motors primarily from: France ($199M), Germany ($190M), Hungary ($179M), South Korea ($112M), and China ($86.3M).

The fastest growing import markets in Electric Motors for Slovakia between 2022 and 2023 were Hungary ($36M), Italy ($12.1M), and Switzerland ($8.2M).

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 Motors. 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)$533M
IMPORTS (2023)$1.06B
NET TRADE (2023)-$529M

In 2023, Slovakia exported $533M in Electric Motors. The main destinations of Slovakia exports on Electric Motors were Germany ($84.2M), Sweden ($77.2M), Hungary ($47.9M), Turkey ($46.4M), and Poland ($42.9M).

In 2023, Slovakia imported $1.06B in Electric Motors, mainly from France ($199M), Germany ($190M), Hungary ($179M), South Korea ($112M), and China ($86.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Slovakia WERE (2022 - 2023):
Sweden$56.4M (271%)
Hungary$29.1M (155%)
Turkey$11.2M (31.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Slovakia WERE (2022 - 2023):
Poland-$10.8M (-20.1%)
Algeria-$5.01M (-74.9%)
Slovenia-$4.49M (-49.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovakia's main exporting competitors in Electric Motors were:
In 2023, Slovakia's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $30.1M
TOP IMPORT POTENTIALChina+ $38M

Electric Motors’s highest export potential is Germany. With an export gap of $30.1M.   Electric Motors’s highest import potential is China with an import gap of $38M.

See methodology.

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