2018
Exports
$1.07BWorld Rnk 27 / 223
Flag Rnk 13 / 1200
2023
PRODUCT COMPLEXITY IN Electrical Transformers
0.68Rnk 293 / 1025
2018
Imports
$896MWorld Rnk 38 / 225
Flag Rnk 22 / 1211
2023
ECONOMIC COMPLEXITY of Slovakia
1.35Rnk 15 / 132

About

Exports In 2018, Slovakia exported $1.07B in Electrical Transformers, making it the 27th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 13th most exported product in Slovakia. The main destination of Electrical Transformers exports from Slovakia are: Germany ($251M), United States ($83.7M), Netherlands ($66.5M), China ($57.7M), and Italy ($55.3M).

The fastest growing export markets for Electrical Transformers of Slovakia between 2022 and 2023 were Germany ($43.4M), China ($35.9M), and United States ($30.3M).

Imports In 2023, Slovakia imported $896M in Electrical Transformers, becoming the 38th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 22nd most imported product in Slovakia. Slovakia imports Electrical Transformers primarily from: South Korea ($204M), China ($183M), Vietnam ($73.9M), Germany ($61.9M), and Czechia ($59.8M).

The fastest growing import markets in Electrical Transformers for Slovakia between 2022 and 2023 were South Korea ($98.5M), Vietnam ($26.9M), and Poland ($22.4M).

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 Electrical Transformers. 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)$1.07B
IMPORTS (2023)$896M
NET TRADE (2023)$173M

In 2023, Slovakia exported $1.07B in Electrical Transformers. The main destinations of Slovakia exports on Electrical Transformers were Germany ($251M), United States ($83.7M), Netherlands ($66.5M), China ($57.7M), and Italy ($55.3M).

In 2023, Slovakia imported $896M in Electrical Transformers, mainly from South Korea ($204M), China ($183M), Vietnam ($73.9M), Germany ($61.9M), and Czechia ($59.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Slovakia WERE (2022 - 2023):
Germany$43.4M (21%)
China$35.9M (165%)
United States$30.3M (56.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Slovakia WERE (2022 - 2023):
United Kingdom-$10.1M (-21.2%)
France-$9.58M (-20.5%)
Russia-$7.42M (-95%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovakia's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, Slovakia's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $56.6M
TOP IMPORT POTENTIALChina+ $64.2M

Electrical Transformers’s highest export potential is United States. With an export gap of $56.6M.   Electrical Transformers’s highest import potential is China with an import gap of $64.2M.

See methodology.

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