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Xifres de comerç exterior d'Eslovàquia

Foreign Trade in Figures

Slovakia remains strongly dependent on external markets, with foreign trade representing 170.6% of its GDP (World Bank, latest data available). The country's strong industrial tradition, tax incentives, inexpensive and skilled workforce, rapidly developing infrastructure (boosted by an influx of EU funds), and fragile but real growth make it a preferred base for trade. Slovakia also benefits from an advantageous geographical location at the crossroads of Central Europe, representing a platform for re-exportation for the European automotive industry. In terms of product categories, in 2022, the country mainly exported machinery and transport equipment (57.7%), manufactured goods (16.9%), and chemical products (4.9%); while imports were led by machinery and transport equipment (43.8%), manufactured goods (14.2%), mineral fuels (14.1%), and food (5.1% - data Statistics Slovakia).

In 2022, Europe accounted for 88.6% of total exports and 73.9% of imports. On a country basis, Germany (20.9%), the Czech Republic (12.1%), Hungary (8.7%), Poland (7.7%), and France (58%) were the main destinations of Slovakia’s exports; whereas the main suppliers were Germany (14.1%), the Czech Republic (9.1%), China (7.5%), Russia (7.4%), South Korea (5.7%), and Poland (5.5% - data WTO).

Historically, Slovakia has an overall positive trade balance, though it has been decreasing over the last few years. For the last 14 years, the export of goods exceeded the import, but in 2022 the balance ended with significantly negative values: exports of goods totaled EUR 95.1 billion (+16.1 year-on-year) against EUR 98.2 billion in imports, up by 23.6% y-o-y. Higher prices of selected energies and materials had a significant impact on the record-high import. Nevertheless, according to preliminary data by Statistics Slovakia, the trade balance in goods returned to positive territory in 2023: exports surged by 5.4%, surpassing EUR 108 billion, while imports dropped by 2.9% totaling EUR 104 billion. Both export and import values crossed the EUR 100 billion mark, marking the highest volume since 2010.

 
Foreign Trade Values 20192020202120222023
Imports of Goods (million USD) 90,00184,393103,891112,466113,532
Exports of Goods (million USD) 89,50986,640103,891108,386117,316
Imports of Services (million USD) 10,9299,24710,66512,18211,652
Exports of Services (million USD) 12,29410,33811,31112,60112,476

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20182019202020212022
Foreign Trade (in % of GDP) 189.8183.5168.5184.7203.9
Trade Balance (million USD) -252-1,2611,241-574-6,960
Trade Balance (Including Service) (million USD) 8471032,33272-6,561
Imports of Goods and Services (Annual % Change) 4.82.2-8.112.14.0
Exports of Goods and Services (Annual % Change) 5.10.8-6.310.92.3
Imports of Goods and Services (in % of GDP) 94.091.683.492.4104.8
Exports of Goods and Services (in % of GDP) 95.891.985.192.499.1

Source: World Bank ; Latest available data

Foreign Trade Forecasts 20232024 (e)2025 (e)2026 (e)2027 (e)
Volume of exports of goods and services (Annual % change) -0.93.73.63.43.4
Volume of imports of goods and services (Annual % change) -6.86.93.23.23.2

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Slovakia is a member of the European Union. It is also a member of the European Economic Area (EEA) which has guaranteed, since 1 January 1993, the free movement of most goods between the European countries.
Multilateral and bilateral agreements with many countries.
 

Main Partner Countries

Main Customers
(% of Exports)
2023
Germany 21.0%
Czech Republic 12.1%
Poland 7.3%
Hungary 7.1%
France 5.3%
See More Countries 47.2%
Main Suppliers
(% of Imports)
2023
Germany 14.5%
Czech Republic 10.2%
China 7.4%
Poland 5.9%
South Korea 5.6%
See More Countries 56.4%

Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

117.1 bn USD of products exported in 2023
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 28.3%
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 6.0%
Telephone sets, incl. telephones for cellular...Telephone sets, incl. telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, incl. apparatus for communication in a wired or wireless network [such as a local or wide area network]; parts thereof (excl. than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528) 4.3%
Monitors and projectors, not incorporating...Monitors and projectors, not incorporating television reception apparatus; reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus 3.2%
New pneumatic tyres, of rubberNew pneumatic tyres, of rubber 2.0%
See More Products 56.2%
115.4 bn USD of products imported in 2023
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 13.5%
Telephone sets, incl. telephones for cellular...Telephone sets, incl. telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, incl. apparatus for communication in a wired or wireless network [such as a local or wide area network]; parts thereof (excl. than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528) 5.9%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 3.3%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 2.9%
Insulated "incl. enamelled or anodised" wire,...Insulated "incl. enamelled or anodised" wire, cable "incl. coaxial cable" and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors 2.3%
See More Products 72.2%

Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

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Actualitzacions: May 2024

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