Slovakia is the 39th largest export economy in the world and the 16th most complex economy. Slovakia exported $77.5B, making it the 39th largest exporter in the world. Slovakia imported $78B, making it the 41st largest importer in the world.
Imports in Slovakia decreased to 6284 EUR Million in June from 6748 EUR Million in May of 2019. Imports in Slovakia averaged 3211.75 EUR Million from 1993 until 2019, reaching an all time high of 7609 EUR Million in November of 2018 and a record low of 287 EUR Million in January of 1993.
Imports in Slovakia is expected to be 6690.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Slovakia to stand at 6890.00 in 12 months time. In the long-term, the Slovakia Imports is projected to trend around 6250.00 EUR Million in 2020.
The biggest share of Slovakian imports are machinery and transport equipment, intermediate manufactured goods, fuels and chemicals. Main import partners are Germany (15 percent of total imports), Czech Republic (10.8 percent), China (8.4 percent) and Russia (5.4 percent).
Exports in Slovakia decreased to 6488 EUR Million in June from 6858 EUR Million in May of 2019. Exports in Slovakia averaged 3217.92 EUR Million from 1993 until 2019, reaching an all time high of 7759 EUR Million in October of 2018 and a record low of 312 EUR Million in January of 1993.
Exports in Slovakia is expected to be 7240.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Slovakia to stand at 7320.00 in 12 months time. In the long-term, the Slovakia Exports is projected to trend around 6400.00 EUR Million in 2020.
Exports has been the main factor behind Slovakia’s robust growth and in the last ten years exports more than doubled. The biggest share of Slovakia’s exports are vehicles, machinery and electrical equipment, base metals and chemicals and minerals. Main export partners are Euro Area members with Germany (23 percent of total exports), Czech Republic (12.4 percent), Poland (8.3 percent), Austria (5.7 percent) being the most important.
