Overview
2022 | 2023 | 2024 | 2025 (Estimated) | |
Total Market Size | 9,035,895 | 8,587,573 | 8,024,287 | 8,700,000 |
Total Local Production | 8,297,223 | 7,852,333 | 7,259,010 | 8,000,000 |
Total Exports | 991,493 | 1,083,022 | 1,001,358 | 900,000 |
Total Imports | 1,730,165 | 1,818,262 | 1,766,635 | 1,600,000 |
Imports from the U.S. | 36,142 | 36,083 | 43,245 | 40,000 |
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 the United States: Global Trade Atlas, Eurostat
Exchange Rate: European Central Bank
Leading Sub-sectors
The following specific items were the primary exports from the U.S. to Slovakia covered by this Leading Sector, ranked in USD from 2023 to 2024:
HS code—Item | 2023 | 2024 |
90—TOTAL OF SELECTED PRODUCTS | 36,083,266 | 43,245,465 |
9018—MEDICAL, SURGICAL, DENTAL OR VET INST, NO ELEC, PT | 8,985,891 | 11,413,225 |
9013—LIQUID CRYSTAL DEVICES NESOI; LASERS; OPT APPL; PT | 10,676,605 | 9,258,097 |
9030—OSCILLOSCOPES, SPECTRUM ANALYZERS ETC, PARTS ETC | 3,448,453 | 6,084,988 |
9027—INST ETC FOR PHYSICAL ETC ANAL ETC; MICROTOME; PTS | 3,830,100 | 3,351,027 |
9021—ORTHOPEDIC APPL; ARTIF BODY PTS; HEAR AID; PTS ETC | 2,874,446 | 2,460,444 |
9031—MACHINES, NESOI IN CHAPTER 90; PROFILE PROJECT, PT | 838,984 | 2,143,944 |
9026—INST ETC MEASURE OR CHECK FLOW, LEVEL ETC, PTS ETC | 989,354 | 1,940,341 |
9023—INST, APPTS&MODELS, FOR DEMONSTRATIONAL USE& PARTS | 31,163 | 1,303,513 |
9022—X-RAY ETC APPARATUS; TUBES, PANELS, SCREEN ETC, PT | 611,223 | 925,907 |
9001—OPT FIBERS & BUND ETC; POL SHEETS; UNMOUN OPT ELEM | 816,752 | 899,130 |
9015—SURVEY, HYDROGR, METEORO ETC INST; RANGEF ETC, PTS | 144,293 | 813,858 |
9024—MACHINES ETC FOR TESTING MECH PROP OF MATERIAL, PT | 199,264 | 628,715 |
9002—OPTICAL ELEMENTS, MOUNTED; PARTS & ACCESSORIES | 413,628 | 317,668 |
9032—AUTOMATIC REGULATING OR CONTROL INSTRUMENTS; PARTS | 32,185 | 307,469 |
9017—DRAWING, MATH, MEASURING INST ETC NESOI, PARTS | 150,607 | 255,773 |
9025—HYDROMETERS, THERMOMETERS, PYROMETERS ETC; PTS ETC | 180,023 | 255,380 |
9019—MECH-THER, MASSAGE, PSYCH TEST, OZONE APP ETC, PTS | 1,071,163 | 246,396 |
9028—GAS, LIQUID OR ELECTRIC SUPPLY ETC METERS, PARTS | 76,174 | 126,276 |
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
Ministry of Health of the Slovak Republic
Eurostat
Statistical Office of the Slovak Republic
Slovak Dental Chamber
Contact: romana.lackovicova@trade.gov