Germany-Slovakia Bilateral Trade Analysis 2023
Complete trade statistics: $40.78B total volume •Germany deficit: $4.74B
Germany → Slovakia
$18.02B
Exports (2023)
Slovakia → Germany
$22.76B
Imports (2023)
Trade Balance
$4.74B
Deficit for Germany
Total Trade
$40.78B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Germany and Slovakia. Green line shows exports from Germany, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Germany-Slovakia commercial relationship and competitive positioning in global markets.
Germany → Slovakia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Germany's export portfolio to Slovakia demonstrates strong diversification across multiple sectors, with vehicle parts: gear boxes and parts thereof representing a key competitive advantage in this bilateral market.
Slovakia → Germany Imports
Import Dependency Profile
📦 Import Strategy Analysis
Germany's import pattern from Slovakia reveals strategic sourcingin vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Germany demonstrates competitive strength in exportingvehicle parts: gear boxes and parts thereof to Slovakia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $40.78B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Germany-Slovakia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $40.78 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Germany maintains a deficit of $4.74 billion
- Export Focus: Germany's primary exports include vehicle parts: gear boxes and parts thereof, vehicles: parts and accessories, of bodies, other than safety seat belts, vehicle parts: suspension systems and parts thereof (including shock-absorbers)
- Import Dependencies: Key imports from Slovakia include vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric power, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $40.78B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Germany leveraging its comparative advantages in vehicle parts: gear boxes and parts thereof.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Germany's specialization in vehicle parts: gear boxes and parts thereofcomplements Slovakia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $40.78B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $40.78B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $40.78 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in vehicle parts: gear boxes and parts thereof and vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Germany's trade deficit of $4.74 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Germany and Slovakia represents a total trade volume of $40.78 billion in 2023. This partnership demonstrates an unfavorable trade balance for Germany, with imports exceeding exportsby $4.74 billion.
Export Strengths
Germany's exports to Slovakia total $18.02 billion, with competitive advantages in vehicle parts: gear boxes and parts thereof, representing $675.01M or3.7% of bilateral exports.
Import Dependencies
Imports from Slovakia amount to $22.76 billion, highlighting economic interdependence in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, with Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc comprising13.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Germany's strategic sourcing from Slovakia. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Germany and Slovakia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023