Slovakia Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in slovakia, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Electrical Machinery, Sound Equipment, HS Code 85
Last published date:

Overview

 

2022

2023

2024

2025 (Estimated)

Total Market Size

12,218,148

11,050,363

11,594,656

11,500,000

Total Local Production

7,259,287

7,555,369

8,232,898

8,000,000

Total Exports

17,178,047

17,141,850

17,106,966

17,500,000

Total Imports

22,136,908

20,636,844

20,468,724

21,000,000

Imports from the U.S.

82,266

88,780

60,223

80,000

Exchange Rate: 1 USD

1.18

1.195

1.082

1.05

USD thousands (total market size = (total local production + imports) - exports)
Total Local Production: Statistical Office of the Slovak Republic

Data Sources:

Total Exports: Global Trade Atlas, Eurostat
Total Imports: Global Trade Atlas, Eurostat
Imports from the United States: Global Trade Atlas, Eurostat
Exchange Rate: European Central Bank

Leading Sub-sectors

The following specific items were the leading exports from the United States to Slovakia covered by this Leading Sector, ranked in USD from 2023 to 2024:

HS code—Item

2023

2024

85—TOTAL OF SELECTED PRODUCTS

88,780,993

60,223,486

8517—ELECTRIC APPARATUS FOR LINE TELEPHONY ETC, PARTS

9,370,540

6,445,111

8526—RADAR APPARATUS, RADIO NAVIG AID & REMOTE CONT APP

6,082,483

5,561,061

8525—TRANS APPAR FOR RADIOTELE ETC; TV CAMERA & REC

24,746,417

5,435,297

8544—INSULATED WIRE, CABLE ETC; OPT SHEATH FIB CABLES

2,657,467

4,983,734

8536—ELECTRICAL APPARATUS FOR SWITCHING ETC, NOV 1000 V

4,942,361

4,910,652

8504—ELEC TRANS, STATIC CONV & INDUCT, ADP PWR SUPP, PT

2,661,024

4,091,105

8541—SEMICONDUCTOR DEVICES; LIGHT-EMIT DIODES ETC, PTS

3,121,211

4,005,968

8542—ELECTRONIC INTEGRATED CIRCUITS & MICROASSEMBL, PTS

8,254,065

3,998,685

8515—ELECTRIC, LASER OR OTH LIGHT OR PHOTON BEAM ETC

5,813,202

3,542,203

8537—BOARDS, PANELS ETC ELEC SWITCH AND N/C APPAR ETC.

4,600,654

2,475,395

8532—ELECTRIC CAPACITORS, FIXED, VAR OR ADJ (PRESET) PT

3,131,503

2,285,332

8543—ELECTRICAL MACH ETC, WITH IND FUNCTIONS NESOI, PTS

4,004,772

2,254,512

8501—ELECTRIC MOTORS AND GENERATORS (NO SETS)

2,232,371

2,117,041

8531—ELECTRIC SOUND OR VISUAL SIGNALING APPARATUS, PTS

240,166

1,482,181

8528—TV RECVRS, INCL VIDEO MONITORS & PROJECTORS

509,312

1,130,473

8533—ELECTRICAL RESISTORS EXCEPT HEATING RESISTORS, PTS

1,194,613

1,084,552

8518—MICROPHONES; LOUDSPEAKERS; SOUND AMPLIFIER ETC, PT

1,071,274

887,166

 

Opportunities

There is high demand in Slovakia for information and communications technology (ICT) products and services due to continuing investment from the central government, municipalities, banks, private companies, and financial service institutions. There is market demand for increasing 5G cellular coverage and internet networks, cloud storage, cyber security solutions, and the maintenance of existing network hardware and software. Automobile manufacturers, engineering companies, energy production and distribution companies are also contributing to the growth of the ICT sector by implementing Industry 4.0 and manufacturing technologies.

Key opportunities for business process technology include the implementation of integrated communication and networking technologies; artificial intelligence; advanced computing; human-machine interfaces; data privacy, data security and cybersecurity technologies; positioning, navigation, and timing (PNT) technologies; audio-video teleworking hardware and applications; cybersecurity solutions; virtual call centers solutions; cloud storage systems and application software; customized software; solutions for electronic distribution channels providing all basic retail functions; complex information systems for electronic payments and e-card payment services; decision-support information systems; information systems for management staff; and complex information systems for insurance companies.

The most promising prospects in communication technologies include high-speed internet for virtual teleworking solutions, smartphones, tablets, cloud technology, wireless application protocol (WAP) services, and 5G equipment and solutions. Additionally, there are opportunities for alternate internet providers and emerging services such as virtual call centers and tele-education or distance learning services.

The most promising prospects in digital equipment and systems include cloud-based data systems, thin workstations, data communications equipment, packet switching and routing equipment, key systems and circuit switching equipment, data and network equipment, system and application software, switched data and leased line services, streaming, cable and digital TV services, set-top boxes, and digital presentation technology.

Analog television is no longer broadcast in Slovakia. End users have replaced traditional CRTs and analog plasmas with digital smart TVs featuring flat-panel displays. Advances in digital technology for the AV/IT/telecommunications/consumer electronics markets are stimulating demand for the latest innovations in both the residential and business sectors. Internet services offered by Slovanet, T-Com, O2, Orange, UPC, and SWAN usually include a “triple play” package (internet, TV on demand and VoIP).

The consumer electronics entertainment segment of the AV market is the largest and fastest-growing segment in this sector. Among television sets, there is a trend towards large digital LED, OLED and QLED units with full 8K and 4K resolution, equipped with DVBT-2, DVBS, and DVBC receivers. Popular products include 4K and 8K OLED, QLED and LED TVs, set-top boxes, HiFi audio equipment, and digital satellite receivers. In the business segment, popular AV products include electronic display systems and signage, projectors and control systems. Demand for wireless, mobile, and portable products is fast growing.

Good opportunities also exist in the telecommunications sector for the construction of 5G networks and the sale of innovative peripheral products and services. The largest four mobile operators in Slovakia are Orange, Slovak Telecom, O2, and 4ka (Swan). Slovak Telecom is the primary landline service provider.

ICT-related consulting, virtual web conference solutions, virtual education and training services, and teleconferencing audiovisual equipment are promising value-added services, as many SMEs and large enterprises implement the newest virtual teleconferencing solutions for telework and virtual communication with their clients. Examples include cloud data storage, thin office models, teleworking, virtual web conference and virtual trade show solutions.

All public procurements in ICT sector can be found at the following website of the Public Procurement Office.

Resources

  • Statistical Office of the Slovak Republic
  • Eurostat
  • The Ministry of Economy of the Slovak Republic
  • The Ministry of Finance of the Slovak Republic
  • UPC
  • Orange
  • O2
  • SWAN
  • Slovak Telecom

Contact: marian.volent@trade.gov

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