2022
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GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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 GDP
$115BCURRENT US$
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2012-2022
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GDP GROWTH
22%CURRENT US$
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2022
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GDP PC 
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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2022
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GDP PC
$21,258CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
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About

Italy-Slovakia In 2022, Italy exported $4.13B to Slovakia. The main products that Italy exported to Slovakia are Motor vehicles; parts and accessories (8701 to 8705) ($292M), Packaged Medicaments ($89.7M), and Other Plastic Products ($85.5M). During the last 27 years the exports of Italy to Slovakia have increased at an annualized rate of 7.91%, from $529M in 1995 to $4.13B in 2022.

In 2020, Italy exported services to Slovakia worth $389M, with Travel ($158M), Transportation ($97M), and Other business services ($87.7M) being the largest in terms of value.

Slovakia-Italy In 2022, Slovakia exported $5.15B to Italy. The main products that Slovakia exported to Italy were Cars ($1.19B), Video Displays ($433M), and Motor vehicles; parts and accessories (8701 to 8705) ($255M). During the last 27 years the exports of Slovakia to Italy have increased at an annualized rate of 8.59%, from $556M in 1995 to $5.15B in 2022.

In 2020, Slovakia exported services to Italy worth $288M, with Transportation ($185M), Other business services ($35.8M), and Travel ($35.3M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $4.13B to Slovakia. The main products exported from Italy to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($292M), Packaged Medicaments ($89.7M), and Other Plastic Products ($85.5M). During the last 27 years the exports of Italy to Slovakia have increased at an annualized rate of 7.91%, from $529M in 1995 to $4.13B in 2022.

In 2022, Slovakia exported $5.15B to Italy. The main products exported from Slovakia to Italy were Cars ($1.19B), Video Displays ($433M), and Motor vehicles; parts and accessories (8701 to 8705) ($255M). During the last 27 years the exports of Slovakia to Italy have increased at an annualized rate of 8.59%, from $556M in 1995 to $5.15B in 2022.

Exports from Italy (Flag) to Slovakia (Flag) (2022)

Exports from Slovakia (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Slovakia
Top Destination
Germany$22.2B

This map shows whether countries import more from Italy or Slovakia. Each country is colored based on the difference in imports they receive from Italy and Slovakia or the difference in the growth in imports.

In 2021, countries that imported more from Italy than Slovakia were United States ($68.2B), France ($63.8B), and Germany ($78.5B).

In 2021, countries that imported more from Slovakia than Italy were Czechia ($12.6B), Hungary ($9.79B), and Ukraine ($1.55B).

Difference in imports from Slovakia (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Slovakia

Flow
Scale

This chart compares trade between Italy and Slovakia by product, considering products traded by both, Italy and Slovakia.

During 2022, Italy had a large net trade with Slovakia in the exports of Machines ($1.15B), Metals ($959M), and Transportation ($425M).

During 2022, Slovakia had a large net trade with Italy in the exports of Machines ($1.65B), Transportation ($1.5B), and Metals ($606M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Slovakia worth $389M, with Travel ($158M), Transportation ($97M), and Other business services ($87.7M) being the largest in terms of value.

In 2020, Slovakia exported services to Italy worth $288M, with Transportation ($185M), Other business services ($35.8M), and Travel ($35.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Slovakia (Flag) (2020)

Services Exports from Slovakia (Flag) to Italy (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Slovakia. Similarly, the more yellow a dot/product is, the more Slovakia has comparative advantage over Italy.

Product Space of Italy (Flag) and Slovakia (Flag) (2022)

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