2022
Exports
$756MWorld Rnk 23 / 221
Flag Rnk 23 / 1203
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$382MWorld Rnk 36 / 224
Flag Rnk 54 / 1211
2022
ECONOMIC COMPLEXITY of Slovakia
1.32Rnk 15 / 133

About

Exports In 2022, Slovakia exported $756M in Excavation Machinery, making it the 23rd largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 23rd most exported product in Slovakia. The main destination of Excavation Machinery exports from Slovakia are: Germany ($245M), Italy ($75.3M), France ($61.7M), Sweden ($57.3M), and Spain ($46.4M).

The fastest growing export markets for Excavation Machinery of Slovakia between 2021 and 2022 were Germany ($28M), France ($13.8M), and Italy ($13M).

Imports In 2022, Slovakia imported $382M in Excavation Machinery, becoming the 36th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 54th most imported product in Slovakia. Slovakia imports Excavation Machinery primarily from: Czechia ($67.4M), Bulgaria ($58.8M), Italy ($49.4M), Austria ($38.9M), and Germany ($35M).

The fastest growing import markets in Excavation Machinery for Slovakia between 2021 and 2022 were Hungary ($12M), Czechia ($12M), and Austria ($11.1M).

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 Excavation Machinery. 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)$756M
IMPORTS (2022)$382M
NET TRADE (2022)$374M

In 2022, Slovakia exported $756M in Excavation Machinery. The main destinations of Slovakia exports on Excavation Machinery were Germany ($245M), Italy ($75.3M), France ($61.7M), Sweden ($57.3M), and Spain ($46.4M).

In 2022, Slovakia imported $382M in Excavation Machinery, mainly from Czechia ($67.4M), Bulgaria ($58.8M), Italy ($49.4M), Austria ($38.9M), and Germany ($35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Slovakia WERE (2021 - 2022):
Germany$28M (12.9%)
France$13.8M (28.7%)
Italy$13M (20.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Slovakia WERE (2021 - 2022):
Sweden-$4.85M (-7.81%)
United States-$3.48M (-28.8%)
Saudi Arabia-$1.31M (-46.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Slovakia's main exporting competitors in Excavation Machinery were:
In 2022, Slovakia's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALAustria+ $28.9M
TOP IMPORT POTENTIALChina+ $18.2M

Excavation Machinery’s highest export potential is Austria. With an export gap of $28.9M.   Excavation Machinery’s highest import potential is China with an import gap of $18.2M.

See methodology.

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