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Slovakia
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Population as of 2020: 5.4 million 116 of 193
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Region: Eastern Europe
Nominal G.D.P. in 2024: $141.8 billion 60 of 193
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Top Exports
Slovakia’s Statistical Office reports definitive 2024 merchandise exports of **€106.8 billion**, about **US$115.6 billion** at the 2024 average exchange rate. Passenger cars remained the country’s dominant individual export. | Rank | Export Product | Approx. Export Value (USD) | | ---- | --------------------------------------------------- | -------------------------: | | 1 | **Passenger cars** | **~US$28.0 billion** | | 2 | **Motor vehicle parts & accessories** | **~US$6.5 billion** | | 3 | **Telephones & telecommunications equipment** | **~US$4.0 billion** | | 4 | **Television sets & video displays** | **~US$3.5 billion** | | 5 | **Electrical wires, cables & conductors** | **~US$2.8 billion** | | 6 | **Refined petroleum products** | **~US$2.7 billion** | | 7 | **Electrical transformers & converters** | **~US$2.0 billion** | | 8 | **Rubber tires** | **~US$1.8 billion** | | 9 | **Iron & steel flat-rolled products** | **~US$1.7 billion** | | 10 | **Furniture & furniture parts** | **~US$1.6 billion** | | 11 | **Household appliances** | **~US$1.5 billion** | | 12 | **Air conditioners & refrigeration equipment** | **~US$1.4 billion** | | 13 | **Industrial machinery & mechanical equipment** | **~US$1.3 billion** | | 14 | **Aluminum & aluminum products** | **~US$1.2 billion** | | 15 | **Plastics & plastic products** | **~US$1.2 billion** | | 16 | **Iron & steel articles** | **~US$1.1 billion** | | 17 | **Electrical control panels & switching equipment** | **~US$1.0 billion** | | 18 | **Paper & paperboard products** | **~US$900 million** | | 19 | **Pharmaceutical products** | **~US$850 million** | | 20 | **Wood & wood products** | **~US$800 million** | The individual-product dollar figures above are rounded estimates because Slovakia’s definitive statistical release reports much of the detailed trade structure in euros and broader SITC/HS groupings. The official data confirm that **vehicles and machinery accounted for more than 61% of Slovakia’s exports in 2024**. Key takeaways 🚗 **Automobiles dominate.** Slovakia is exceptionally dependent on its automotive industry. Passenger cars remained its largest individual export despite the number of new cars exported falling about **8% in 2024**. ⚙️ **Automotive components add billions more.** Vehicle parts, tires, electrical wiring, engines and other components make the automotive sector considerably larger than passenger-car exports alone. 📺 **Electronics are another major strength.** Televisions, telecommunications equipment, electrical components and appliances are important parts of Slovakia's manufacturing export base. 🏭 **Manufactured products overwhelmingly dominate.** Unlike commodity exporters such as Iraq, Qatar or Kazakhstan, Slovakia's exports primarily consist of **high-value manufactured goods**. 🇪🇺 **Slovakia is deeply integrated into European manufacturing.** Germany remained its most important trading partner in 2024, taking **more than 21% of Slovak exports**. Top Importers of Slovakia’s Exports (2024) | Rank | Country | Approx. Imports from Slovakia | | ---- | ------------------ | ----------------------------: | | 1 | **Germany** | **~US$23.8 billion** | | 2 | **Czech Republic** | **~US$13.6 billion** | | 3 | **Hungary** | **~US$8.6 billion** | | 4 | **Poland** | **~US$8.4 billion** | | 5 | **Austria** | **~US$5.9 billion** | | 6 | **France** | **~US$5.2 billion** | | 7 | **Italy** | **~US$4.9 billion** | | 8 | **United Kingdom** | **~US$4.8 billion** | | 9 | **United States** | **~US$4.7 billion** | | 10 | **Romania** | **~US$2.9 billion** | These estimates are calculated from the reported 2024 destination shares: Germany **21.3%**, Czech Republic **12.2%**, Hungary **7.7%**, Poland **7.5%**, Austria **5.3%**, France **4.7%**, Italy **4.4%**, United Kingdom **4.3%**, United States **4.2%**, and Romania **2.6%**. ([Bank of Scotland Trade][1]) Germany was therefore Slovakia’s largest customer by a considerable margin, buying roughly **one-fifth of all Slovak exports**. The Czech Republic ranked second, while neighboring Hungary and Poland ranked third and fourth. Slovakia’s export relationships are heavily shaped by its **automotive and manufacturing industries**, particularly passenger cars, vehicle components, machinery, electronics, and electrical equipment.
