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.

What do we import from Slovakia?

Imports: The top imports of Slovakia are Vehicle Parts ($9.02B), Cars ($3.31B), Broadcasting Equipment ($2.32B), Crude Petroleum ($2.24B), and Petroleum Gas ($1.82B), importing mostly from Germany ($15.2B), Czechia ($14.7B), Poland ($6.61B), Hungary ($5.88B), and Russia ($4.53B).

What kind of product was Slovakia’s biggest export income in 2018?

The subsectors with the highest revenues are dairy, meat and poultry productions, beer brewing, and confectionary- baking. Slovak food retail sales in 2018 reached $569 million. The sector is saturated and relatively consolidated. The top three retail chains together account for 71 percent of the revenues.

What products are made in Slovakia?

Selected examples are shown below.

• Elnec (programmable circuit systems)
• Glass LPS (crystal products)
• Matador (tires)
• Slovalco (aluminum)
• Slovenský plynárenský priemysel AS (natural gas)
• Slovnaft (refined oil, petrochemicals)
• ZTS OSOS (ammunition)

What kind of products does Slovakia export to the world?

Slovakia’s most important export partners are Germany, the Czech Republic, Poland, Hungary and Austria in Europe, Russia, China, and the United States in the rest of the world. The most imported products in Slovakia are vehicle spare parts, crude petroleum, and petroleum gas.

How much does Slovakia import from the US?

Imports in Slovakia decreased to 6528 EUR Million in February from 6655 EUR Million in January of 2020. Imports in Slovakia averaged 3294.44 EUR Million from 1993 until 2020, reaching an all time high of 7590 EUR Million in November of 2018 and a record low of 287 EUR Million in January of 1993.

How to open a trading business in Slovakia?

One of the most important steps when opening a trading business in Slovakia is related to obtaining the necessary licenses in order to import and export goods. A company can apply for an import, an export or both types of licenses depending on the activities it will undertake.

Where does Slovakia rank in the world in trade?

Slovakia’s trade statistics place the country on the 35 th place when it comes to imports and the 39 th position when it comes to exports out of 136 countries. The Slovak trading balance ranks 26 th among all 136 states. The country’s trade balance improved significantly after 2002 when it started to follow an upward trend.