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 U.S.: 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 | 2,143,944 | 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
Optical, photo, and measuring equipment consumption continues to increase in Slovakia. The market is especially focused on high-tech products. Most equipment is still imported. New entrants face competition from the same international competitors they encounter elsewhere in the world. Most opportunities are in industrial production, especially automotive, and in the medical and dental sectors.
E-health activities are partially available in Slovakia. While e-prescriptions are fully functional, e-medical records and e-examinations have only been partially implemented. Slovakia’s diagnosis related group (DRG) healthcare reimbursement and payment system is still not fully implemented after years of delays.
Most private health care centers continue to invest considerable amounts of money in new health care equipment. Slovakia has about 3,000 practicing dentists, most of whom are private practitioners who receive full payment for their services directly from patients. Private dental clinics are interested in keeping up to date with the latest technological advances and procuring new equipment to satisfy the demands of their customers. Especially promising segments for U.S. suppliers of dental equipment are laser dentistry, implants, and cosmetic/aesthetic dentistry.
According to Slovakia’s Recovery and Resilience Plan, healthcare is a focus area with planned allocation of USD 1.53 billion divided into the following sectors:
• Modern and affordable health care including social and special care (USD 1.17 billion)
• Humane, modern, and affordable mental health care (USD 95 million)
• Affordable and high-quality long-term social and health care (USD 264.4 million)
There are export opportunities in robotic surgery equipment, diagnostic equipment, telecare, telemedicine, virtual medicine (in the areas of pain relief and mental health) and AI (in the development of diagnostic systems/health services [e.g., symptoms checkers], precision medicine, genomics, chatbots, mobile apps ideally reimbursed by health insurance, and cybersecurity). Pharmaceutical and chemical industries offer R&D of new innovative, generic, and biosimilar drugs, as well as export opportunities in digitalization, process automatization, and qualified personnel education. The Ministry of Health operates an R&D incubator platform called Biohub, which may be a useful gateway to finding potential business partners, exploring tech-transfer opportunities, and/or VC investment.
Resources
Ministry of Health of the Slovak Republic
Eurostat
Statistical Office of the Slovak Republic
Slovak Dental Chamber
Contact: romana.lackovicova@trade.gov