2022
Exports
$395MWorld Rnk 29 / 216
Flag Rnk 46 / 1203
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$791MWorld Rnk 26 / 226
Flag Rnk 23 / 1211
2022
ECONOMIC COMPLEXITY of Slovakia
1.32Rnk 15 / 133

About

Exports In 2022, Slovakia exported $395M in Electric Motors, making it the 29th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 46th most exported product in Slovakia. The main destination of Electric Motors exports from Slovakia are: Poland ($74.2M), Germany ($70.4M), Denmark ($33.5M), Turkey ($32.7M), and Hungary ($16.5M).

The fastest growing export markets for Electric Motors of Slovakia between 2021 and 2022 were Sweden ($8.2M), Algeria ($6.46M), and Italy ($4.82M).

Imports In 2022, Slovakia imported $791M in Electric Motors, becoming the 26th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 23rd most imported product in Slovakia. Slovakia imports Electric Motors primarily from: France ($181M), Germany ($154M), China ($75.2M), South Korea ($62.8M), and Czechia ($52.5M).

The fastest growing import markets in Electric Motors for Slovakia between 2021 and 2022 were France ($76M), Hungary ($21M), and Austria ($8.02M).

Latest Trends

Oct 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 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 (2022)$395M
IMPORTS (2022)$791M
NET TRADE (2022)-$396M

In 2022, Slovakia exported $395M in Electric Motors. The main destinations of Slovakia exports on Electric Motors were Poland ($74.2M), Germany ($70.4M), Denmark ($33.5M), Turkey ($32.7M), and Hungary ($16.5M).

In 2022, Slovakia imported $791M in Electric Motors, mainly from France ($181M), Germany ($154M), China ($75.2M), South Korea ($62.8M), and Czechia ($52.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Slovakia WERE (2021 - 2022):
Sweden$8.2M (661%)
Algeria$6.46M (2.9k%)
Italy$4.82M (53.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Slovakia WERE (2021 - 2022):
Slovenia-$4.48M (-41.9%)
Denmark-$4.36M (-11.5%)
Russia-$4.33M (-67%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Slovakia's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, 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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