2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186

About

Russia-Slovakia Trade: In 2022, Russia exported $7.55B to Slovakia. The main products that Russia exported to Slovakia were Petroleum Gas ($4.61B), Crude Petroleum ($2.48B), and Iron Ore ($64.5M). Over the past 5 years the exports of Russia to Slovakia have increased at an annualized rate of 13.4%, from $4.03B in 2017 to $7.55B in 2022.

In 2020, Russia exported services to Slovakia worth $51.8M, with Other business services ($34.5M), Transportation ($6.49M), and Computer and information services ($3.83M) being the largest in terms of value.

Slovakia-Russia Trade: In 2022, Slovakia exported $572M to Russia. The main products that Slovakia exported to Russia were Cars ($123M), Air Pumps ($38.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($26.6M). Over the past 5 years the exports of Slovakia to Russia have decreased at an annualized rate of 21.3%,  from $1.89B in 2017 to $572M in 2022.

In 2020, Slovakia exported services to Russia worth $487M, with Transportation ($421M), Travel ($24.9M), and Computer and information services ($23.9M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). 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, Russia exported $7.55B to Slovakia. The main products exported from Russia to Slovakia were Petroleum Gas ($4.61B), Crude Petroleum ($2.48B), and Iron Ore ($64.5M). During the last 5 years the exports of Russia to Slovakia have increased at an annualized rate of 13.4%, from $4.03B in 2017 to $7.55B in 2022.

In 2017, Slovakia exported $572M to Russia. The main products exported from Slovakia to Russia were Cars ($123M), Air Pumps ($38.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($26.6M). During the last 5 years the exports of Slovakia to Russia have decreased at an annualized rate of 21.3%, from $1.89B in 2022 to $572M in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Slovakia
Top Destination
Germany$22.2B

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

In 2022, countries that imported more from Russia than Slovakia included China ($101B), India ($40.4B), and Turkey ($25.3B).

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

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

Comparative Advantage Russia - Slovakia

Flow
Scale

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

During 2022, Russia had a large net trade with Slovakia in the exports of Mineral Products ($7.21B), Chemical Products ($105M), and Machines ($72.5M).

During 2017, Slovakia had a large net trade with Russia in the exports of Machines ($217M), Transportation ($150M), and Chemical Products ($42M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Slovakia+$38.7MCoal Briquettes
Top Product Potential Slovakia Russia+$144MCars

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

In 2020, Russia exported services to Slovakia worth $51.8M, with Other business services ($34.5M), Transportation ($6.49M), and Computer and information services ($3.83M) being the largest in terms of value.

In 2020, Slovakia exported services to Russia worth $487M, with Transportation ($421M), Travel ($24.9M), and Computer and information services ($23.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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