Products Imported from China to Slovakia

In the calendar year of 2023, China exported goods worth US$5.84 billion to Slovakia. Among the main exports from China to Slovakia were Electric Batteries (US$1.19 billion), Broadcasting Equipment (US$518 million), Motor vehicles, parts and accessories (8701 to 8705) (US$320 million), Broadcasting Accessories (US$216.51 million) and Air Pumps (US$184.83 million). Over the span of 28 years, China’s exports to Slovakia have grown steadily at an annualized rate of 18.1%, rising from US$66 million in 1995 to US$5.84 billion in 2023.

List of All Products That Were Imported from China to Slovakia

The table below presents a comprehensive list of all commodities that were exported from China to Slovakia in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the Slovakia market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and Slovakia.

Trade Agreements between China and Slovakia

China and Slovakia have developed their economic relationship through a mix of bilateral initiatives and as part of broader European Union agreements that Slovakia is party to. Their collaboration includes trade, investment, and cultural exchange, with a focus on fostering technological and industrial cooperation. Here’s a detailed overview of the key trade agreements and cooperative frameworks between China and Slovakia:

1. EU-China Trade Agreements

As Slovakia is a member of the European Union, its trade relations with China are significantly shaped by the EU’s trade policies and agreements with China. These include:

• EU-China Comprehensive Agreement on Investment (CAI): This agreement, though currently stalled, aims to provide EU companies, including Slovak businesses, better access to Chinese markets through a more level playing field and improved legal certainty.
• Market Access Agreements: These agreements are part of the EU’s broader strategy to facilitate trade by reducing barriers and enhancing regulatory transparency. They cover various sectors crucial to Slovakia’s economy, such as automotive, electronics, and machinery.

2. The 16+1 Initiative (now 17+1)

Slovakia participates in the 16+1 initiative, a platform aimed at expanding China’s cooperation with Central and Eastern European countries. This initiative focuses on:

• Infrastructure Development: Enhancing connectivity through infrastructure projects, which includes road, rail, and port developments.
• Economic and Technological Exchanges: Encouraging direct trade and investment links between Slovak and Chinese companies, with a particular emphasis on technology and innovation.

3. Bilateral Agreements and MOUs

Despite the overarching framework provided by the EU, China and Slovakia have also entered into specific bilateral agreements aimed at enhancing direct economic cooperation:

• Economic Cooperation Agreements: These agreements generally aim to promote trade and economic exchanges by encouraging joint ventures and collaborations in sectors like technology, renewable energy, and manufacturing.
• Investment Promotion and Protection: To attract Chinese investment into Slovak sectors like real estate and technology, both countries have worked on agreements that ensure protection and incentives for investors.

4. Sector-Specific Collaboration

China and Slovakia have found common ground in sectors such as automotive and electronics, where Slovak expertise and Chinese market scale provide mutual benefits:

• Technology Transfer: Agreements facilitating the transfer of Slovak technology and expertise to Chinese firms, particularly in areas like automotive engineering and electronics.
• Joint Ventures and Partnerships: Focused on leveraging Slovak innovation capabilities with Chinese manufacturing and market reach.

5. Cultural and Educational Initiatives

Cultural and educational exchanges complement the economic ties, with programs designed to foster a deeper understanding between the two nations. These programs often include scholarships for Slovak students to study in China and vice versa, enhancing people-to-people connections that can facilitate smoother business interactions.