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2022
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Exports $1.64BRnk 38 / 218
2022
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Top Product $224MCars
2022
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Exports $2.41BRnk 12 / 203
2022
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Top Product $941MCars
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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GDP$1.4TCURRENT US$
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2012-2022
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GDP GROWTH5.49%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 GROWTH22%CURRENT US$
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2022
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GDP PC $29,350CURRENT US$
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2012-2022
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GDP PC GROWTH3.63%CURRENT US$
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2022
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GDP PC$21,258CURRENT US$
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2012-2022
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GDP PC GROWTH21.5%CURRENT US$
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About

Spain-Slovakia Trade: In 2022, Spain exported $1.64B to Slovakia. The main products that Spain exported to Slovakia were Cars ($224M), Motor vehicles; parts and accessories (8701 to 8705) ($210M), and Insulated Wire ($96.6M). Over the past 5 years the exports of Spain to Slovakia have increased at an annualized rate of 6.52%, from $1.2B in 2017 to $1.64B in 2022.

In 2009, Spain exported services to Slovakia worth $86.4M, with Services not allocated ($86.4M) being the largest in terms of value.

Slovakia-Spain Trade: In 2022, Slovakia exported $2.41B to Spain. The main products that Slovakia exported to Spain were Cars ($941M), Video Displays ($258M), and Motor vehicles; parts and accessories (8701 to 8705) ($196M). Over the past 5 years the exports of Slovakia to Spain have decreased at an annualized rate of 0.81%,  from $2.51B in 2017 to $2.41B in 2022.

In 2020, Slovakia exported services to Spain worth $81M, with Transportation ($24.1M), Computer and information services ($24.1M), and Other business services ($20.6M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €175M and imported €194M from Slovakia, resulting in a negative trade balance of €19.5M. Between June 2023 and June 2024 the exports of Spain have increased by €6.03M (3.57%) from €169M to €175M, while imports decreased by €-50.8M (-20.7%) from €245M to €194M.

Trade In June 2024, the top exports of Spain to Slovakia were Cars (€19.4M), Motor vehicles; parts and accessories (8701... (€17.8M), Insulated Wire (€11.2M), Pig Meat (€5.94M), and Citrus (€3.9M). In June 2024 the top imports of Spain from Slovakia were Cars (€96.5M), Motor vehicles; parts and accessories (8701... (€18.9M), Video Displays (€14.8M), Rubber Tires (€6.72M), and Electrical Lighting and Signalling Equipment (€5.99M).

Origins In June 2024 the exports of Spain were mainly from Barcelona (€25.1M), Granada (€13.4M), Tarragona (€13.4M), Navarra (€12.9M), and Cádiz (€11.6M), while imports destinations were mainly Madrid (€62.7M), Barcelona (€50.6M), Álava (€9.87M), Valladolid (€9.66M), and Pontevedra (€8.2M).

Growth In June 2024, the increase in Spain's year-by-year exports to Slovakia was explained primarily by an increase in product exports in Cars (€6.19M or 47%), Insulated Wire (€3.93M or 53.8%), and Motor vehicles; parts and accessories (8701... (€2.88M or 19.2%). In June 2024, the decrease in Spain's year-by-year imports  from Slovakia was explained primarily by an decrease in product imports  in Video Displays (€-11.2M or -43.1%), Electrical Lighting and Signalling Equipment (€-3.52M or -37%), and Low-voltage Protection Equipment (€-696k or -56.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€6.03M(3.57%)
IMPORT GROWTH (June 2023 - June 2024)€-50.8M(-20.7%)
MAIN EXPORTER (June 2024)Barcelona€25.1M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Slovakia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Slovakia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.64B to Slovakia. The main products exported from Spain to Slovakia were Cars ($224M), Motor vehicles; parts and accessories (8701 to 8705) ($210M), and Insulated Wire ($96.6M). During the last 5 years the exports of Spain to Slovakia have increased at an annualized rate of 6.52%, from $1.2B in 2017 to $1.64B in 2022.

In 2017, Slovakia exported $2.41B to Spain. The main products exported from Slovakia to Spain were Cars ($941M), Video Displays ($258M), and Motor vehicles; parts and accessories (8701 to 8705) ($196M). During the last 5 years the exports of Slovakia to Spain have decreased at an annualized rate of 0.81%, from $2.51B in 2022 to $2.41B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Spain than Slovakia included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Slovakia than Spain included Czechia ($12.6B), Hungary ($9.79B), and Austria ($5.81B).

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

Comparative Advantage Spain - Slovakia

Flow
Scale

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

During 2022, Spain had a large net trade with Slovakia in the exports of Transportation ($460M), Machines ($337M), and Metals ($163M).

During 2017, Slovakia had a large net trade with Spain in the exports of Transportation ($1.15B), Machines ($734M), and Plastics and Rubbers ($122M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Slovakia+$76.4MCars
Top Product Potential Slovakia Spain+$240MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Esp Year

In 2009, Spain exported services to Slovakia worth $86.4M, with Services not allocated ($86.4M) being the largest in terms of value.

In 2020, Slovakia exported services to Spain worth $81M, with Transportation ($24.1M), Computer and information services ($24.1M), and Other business services ($20.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Slovakia (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Slovakia. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Spain.

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

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