International Presence and Activities
80%
ECONOMY IS EXPORT-ORIENTED, CLOSELY
LINKED TO GERMANY
→ Slovakia is one of the most opened economies in the world. Exports and imports of goods and services
relative to GDP amounted together to 190% (as of 2018), the highest level among the CE-4 countries
→ 80% (as of 2019) of Slovak exports go to the EU27, the highest share among EU members
→ Germany is Slovakia's most important trading partner. It directly buys 22% of Slovak exports of goods
and probably additional similar share indirectly (being a key importer of Slovakia's other key trading
partners)
Share of export to EU in total exports
(% share, as of 2019)
Structure of Slovak exports by countries
(% share, as of 2019)
70%
60%
50%
40%
30%
20%
10%
0%
Ireland
Cyprus
Italy
France
Greece
Germany
Sweden
Denmark
Malta
Finland
Lithuania
Spain
Latvia
Bulgaria
Belgium
Netherlands
Source: Eurostat, Slovak Stats Office
Croatia
Austria
Estonia
Portugal
Slovenia
Romania
Poland
Hungary
Czechia
Luxembourg
Slovakia
80.0%
Others
30.7%
Asia
4.9%
UK
4.9%
AT
HU
FR
5.6%
6.4%
7.0%
PL
7.5%
7
DE
22.0%
CR
11.0%View entire presentation