Slovakia-Czechia Bilateral Trade Analysis 2023
Complete trade statistics: $30.85B total volume •Slovakia deficit: $5.61B
Slovakia → Czechia
$12.62B
Exports (2023)
Czechia → Slovakia
$18.23B
Imports (2023)
Trade Balance
$5.61B
Deficit for Slovakia
Total Trade
$30.85B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Slovakia and Czechia. Green line shows exports from Slovakia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Slovakia-Czechia commercial relationship and competitive positioning in global markets.
Slovakia → Czechia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Slovakia's export portfolio to Czechia demonstrates strong diversification across multiple sectors, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Czechia → Slovakia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Slovakia's import pattern from Czechia reveals strategic sourcingin vehicles: parts and accessories, of bodies, other than safety seat belts, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Slovakia demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Czechia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $30.85B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Slovakia-Czechia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $30.85 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Slovakia maintains a deficit of $5.61 billion
- Export Focus: Slovakia's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, railway or tramway coaches, vans and trucks: self-propelled, powered from an external source of electricity (excluding those of heading no. 8604), engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87
- Import Dependencies: Key imports from Czechia include vehicles: parts and accessories, of bodies, other than safety seat belts, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, electrical energy
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 $30.85B 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 Slovakia leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
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
Slovakia's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Czechia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: parts and accessories, of bodies, other than safety seat belts.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $30.85B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $30.85B 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 $30.85 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and vehicles: parts and accessories, of bodies, other than safety seat belts demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Slovakia's trade deficit of $5.61 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 Slovakia and Czechia represents a total trade volume of $30.85 billion in 2023. This partnership demonstrates an unfavorable trade balance for Slovakia, with imports exceeding exportsby $5.61 billion.
Export Strengths
Slovakia's exports to Czechia total $12.62 billion, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $811.33M or6.4% of bilateral exports.
Import Dependencies
Imports from Czechia amount to $18.23 billion, highlighting economic interdependence in vehicles: parts and accessories, of bodies, other than safety seat belts, with Vehicles: parts and accessories, of bodies, other than safety seat belts comprising4.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Slovakia's strategic sourcing from Czechia. 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
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Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023