2023
Exports
$742MWorld Rnk 22 / 221
Flag Rnk 16 / 1200
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$450MWorld Rnk 35 / 224
Flag Rnk 41 / 1211
2023
ECONOMIC COMPLEXITY of Slovakia
1.35Rnk 15 / 132

About

Exports In 2023, Slovakia exported $742M in Excavation Machinery, making it the 22nd largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 16th most exported product in Slovakia. The main destination of Excavation Machinery exports from Slovakia are: Germany ($237M), Italy ($87.4M), Sweden ($54.4M), Austria ($54.2M), and France ($47.7M).

The fastest growing export markets for Excavation Machinery of Slovakia between 2022 and 2023 were Italy ($13.4M), Bulgaria ($9.47M), and Austria ($8.24M).

Imports In 2023, Slovakia imported $450M in Excavation Machinery, becoming the 35th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 41st most imported product in Slovakia. Slovakia imports Excavation Machinery primarily from: Czechia ($103M), Bulgaria ($80.7M), Italy ($56.7M), Germany ($42.7M), and Austria ($41.8M).

The fastest growing import markets in Excavation Machinery for Slovakia between 2022 and 2023 were Czechia ($35.8M), Bulgaria ($21.8M), and Italy ($12.4M).

Latest Trends

Dec 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 (2023)$742M
IMPORTS (2023)$450M
NET TRADE (2023)$291M

In 2023, Slovakia exported $742M in Excavation Machinery. The main destinations of Slovakia exports on Excavation Machinery were Germany ($237M), Italy ($87.4M), Sweden ($54.4M), Austria ($54.2M), and France ($47.7M).

In 2023, Slovakia imported $450M in Excavation Machinery, mainly from Czechia ($103M), Bulgaria ($80.7M), Italy ($56.7M), Germany ($42.7M), and Austria ($41.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Slovakia WERE (2022 - 2023):
Italy$13.4M (18.2%)
Bulgaria$9.47M (147%)
Austria$8.24M (17.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Slovakia WERE (2022 - 2023):
Israel-$10.5M (-91.4%)
Spain-$10.3M (-23.8%)
United Arab Emirates-$5.84M (-93.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovakia's main exporting competitors in Excavation Machinery were:
In 2023, 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
View
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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