2023
Exports
$41.4MWorld Rnk 27 / 187
Flag Rnk 241 / 1200
2023
PRODUCT COMPLEXITY IN Electromagnets
1.1Rnk 144 / 1025
2023
Imports
$68.8MWorld Rnk 32 / 216
Flag Rnk 240 / 1211
2023
ECONOMIC COMPLEXITY of Slovakia
1.35Rnk 15 / 132

About

Exports In 2023, Slovakia exported $41.4M in Electromagnets, making it the 27th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 241st most exported product in Slovakia. The main destination of Electromagnets exports from Slovakia are: Germany ($24.5M), United States ($4.63M), Austria ($2.76M), China ($2.12M), and Czechia ($1.42M).

The fastest growing export markets for Electromagnets of Slovakia between 2022 and 2023 were Germany ($7.26M), Hungary ($806k), and United Kingdom ($280k).

Imports In 2023, Slovakia imported $68.8M in Electromagnets, becoming the 32nd largest importer of Electromagnets in the world. At the same year, Electromagnets was the 240th most imported product in Slovakia. Slovakia imports Electromagnets primarily from: China ($25.1M), Germany ($20.3M), Czechia ($11.8M), France ($3.09M), and Thailand ($1.54M).

The fastest growing import markets in Electromagnets for Slovakia between 2022 and 2023 were China ($4.96M), France ($2.03M), and Czechia ($1.94M).

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 Electromagnets. 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)$41.4M
IMPORTS (2023)$68.8M
NET TRADE (2023)-$27.4M

In 2023, Slovakia exported $41.4M in Electromagnets. The main destinations of Slovakia exports on Electromagnets were Germany ($24.5M), United States ($4.63M), Austria ($2.76M), China ($2.12M), and Czechia ($1.42M).

In 2023, Slovakia imported $68.8M in Electromagnets, mainly from China ($25.1M), Germany ($20.3M), Czechia ($11.8M), France ($3.09M), and Thailand ($1.54M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Slovakia WERE (2022 - 2023):
Germany$7.26M (42.1%)
Hungary$806k (153%)
United Kingdom$280k (166%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Slovakia WERE (2022 - 2023):
Czechia-$1.43M (-50.3%)
China-$1.24M (-36.8%)
United States-$705k (-13.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovakia's main exporting competitors in Electromagnets were:
China $5.34B
Germany $1.17B
Japan $974M
In 2023, Slovakia's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.66M
TOP IMPORT POTENTIALChina+ $5.3M

Electromagnets’s highest export potential is United States. With an export gap of $2.66M.   Electromagnets’s highest import potential is China with an import gap of $5.3M.

See methodology.

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