Overview
| 2022 | 2023 | 2024 | 2025 (Estimated) | |
| Total Market Size | 8,872,107 | 19,489,479 | 20,855,067 | 21,000,000 |
| Total Local Production | 9,258,643 | 11,598,631 | 11,598,631 | 13,000,000 |
| Total Exports | 12,751,101 | 12,577,876 | 11,940,143 | 12,500,000 |
| Total Imports | 12,364,565 | 20,468,724 | 20,636,844 | 20,500,000 |
| Imports from the U.S. | 58,946 | 80,265 | 75,950 | 60,000 |
| Exchange Rate: 1 USD | 1.18 | 1.195 | 1.082 | 1.05 |
USD thousands (total market size = (total local production + imports) - exports)
Data Sources:
Total Local Production: Statistical Office of the Slovak Republic
Total Exports: Global Trade Atlas, Eurostat
Total Imports: Global Trade Atlas, Eurostat
Imports from U.S.: Global Trade Atlas
Exchange Rate: European Central Bank
Resources Leading Sub-Sectors
The following specific items were the leading exports from the U.S. to Slovakia covered by this Leading Sector, ranked in USD from 2023 to 2024:
HS code | ITEM | 2023 | 2024 |
| 84 | TOTAL OF SELECTED PRODUCTS | 80,265,373 | 75,950,726 |
| 8438 | MACH NESOI, IND PREP OF FOOD OR DRINK ETC, PARTS | 2,856,900 | 12,348,559 |
| 8479 | MACHINES ETC HAVING INDIVIDUAL FUNCTIONS NESOI, PT | 2,437,802 | 12,148,333 |
| 8413 | PUMPS FOR LIQUIDS; LIQUID ELEVATORS; PARTS THEREOF | 8,159,519 | 7,076,298 |
| 8411 | TURBOJETS, TURBOPROPELLERS & OTH GAS TURBINES, PTS | 88,069 | 6,420,268 |
| 8466 | PARTS ETC FOR MACHINE TOOLS OF HEAD 8456 TO 8465 | 1,277,049 | 5,112,194 |
| 8421 | CENTRIFUGES; FILTER ETC MACH FOR LIQ OR GASES; PTS | 2,752,277 | 4,940,658 |
| 8481 | TAPS, COCKS, VALVES ETC FOR PIPES, TANKS ETC, PTS | 3,224,006 | 4,131,331 |
| 8471 | AUTOMATIC DATA PROCESS MACHINES; MAGN READER ETC | 5,735,246 | 3,632,050 |
| 8483 | TRANSMISSION SHAFTS, BEARINGS, GEARS ETC; PARTS | 2,954,087 | 2,392,299 |
| 8414 | AIR OR VAC PUMPS, COMPR & FANS; HOODS & FANS; PTS | 824,084 | 2,061,906 |
| 8424 | MECH APPL TO DISPERSE LIQ ETC; SAND ETC BLAST MACH | 1,031,453 | 1,301,818 |
| 8409 | PARTS FOR ENGINES OF HEADING 8407 OR 8408 | 1,773,228 | 1,198,155 |
| 8412 | ENGINES AND MOTORS NESOI, AND PARTS THEREOF | 977,639 | 1,123,857 |
| 8484 | GASKETS & SIMILAR JOINTS OF METAL SHEETING | 139,051 | 963,291 |
Opportunities
Excellent opportunities exist in the energy sector, which is mostly covered by HS Code 84. The most important planned energy project in Slovakia is the construction of a new 1,000-1,700 MW “third+ generation” Pressure Water Reactor (PWR) type nuclear power plant with a minimum design life of 60 years. JESS – Jadrová a Energetická Spoločnosť Slovenska (Slovak Nuclear Energy Company) – plans to build the new nuclear power plant adjacent to the existing nuclear power plant in Jaslovske Bohunice in order to use the existing infrastructure network. The Ministry of Environment approved an Environmental Impact Assessment for the construction of new nuclear power plant in 2016. The government announced plans to select a technology supplier and construction partner for the project by 2027, break ground by 2032, and load fuel into the reactor by 2038.
In March 2012, both governments signed a Joint Declaration Agreement concerning industrial and commercial cooperation in the nuclear energy sector. In March 2023, they updated this agreement to expand cooperation to include Small Modular Reactors (SMRs), liquefied natural gas, and hydrogen. The updated agreement is now known as the Joint Declaration Concerning Industrial and Commercial Cooperation in the Energy Sector. Slovakia is interested in deployment of SMRs for production of electricity, hydrogen, and district heating in industrial and urban zones.
In July 2023, Slovakia’s state-owned nuclear company JAVYS – Jadrová a Vyradovacia Spoločnosť (Nuclear and Decommissioning Company) – signed a memorandum of understanding with the U.S. company Westinghouse Electric Company on the potential development, construction, and operation of AP1000 large reactors and AP300 small modular reactors, which could potentially be used in the construction of new nuclear power plants in Jaslovske Bohunice and other sites in Slovakia. Slovakia is also planning to issue licenses for construction and installation of large wind power plants.
There are also opportunities in the supply of equipment for production and storage of hydrogen. According to the National Hydrogen Association, Slovakia will consume about 45,000 tons of hydrogen by 2025, of which 30,000 tons will be used by industry, 5,000 tons by energy sector, and 10,000 tons by the transport sector. The Slovak Government plans to provide USD 990 million (EUR 954 million) in EU-allocated funding support for hydrogen production. Procurements of equipment for production and storage of hydrogen financed by the Slovak Government have been, and will be, announced by Slovenská inovačná a energetická agentúra (Slovak Innovation and Energy Company) and listed on the website of the Public Procurement Office.
In addition, opportunities exist for the sale of machines, tools, and production technologies to multiple industries including the construction, food, and automotive industries. A number of new automotive subcontractors have opened production facilities near the four original equipment manufacturer (OEM) automobile plants in Slovakia - Volkswagen in Bratislava, Kia in Zilina, PSA/Peugeot in Trnava, and Jaguar Land Rover in Nitra. Volvo is building a new plant for production of passenger electric vehicles in Eastern Slovakia.
All major public procurements in this subsector can be found at the website of the Public Procurement Office.
Resources
Statistical Office of the Slovak Republic
Eurostat
Ministry of Economy of the Slovak Republic
Slovenske Elektrarne a.s.
Slovak Energy Agency
Slovak Electricity and Dispatch Company – SEPS
JAVYS
JESS a.s.
Public Procurement Office
Slovak Customs Office
Contact: marian.volent@trade.gov