Overview
| 2020 | 2021 | 2022 | 2023 (Estimated) | |
| Total Market Size | 2,224,036,265 | 4,150,777,244 | 7,702,556,045 | 7,006,000,000 |
| Total Local Production | 5,420,000 | 5,260,000 | 6,589,258 | 6,000,000 |
| Total Exports | 2,071,196,787 | 3,334,295,241 | 5,593,027,536 | 5,000,000,000 |
| Total Imports | 4,289,813,052 | 7,479,812,485 | 13,288,994,323 | 12,000,000,000 |
| Imports from the U.S. | 80,153,855 | 77,572,305 | 266,358,130 | 250,000,000 |
| Exchange Rate: USD/EUR | 1.13 | 1.18 | 1.195 | 1.19 |
Total Exports: Global Trade Atlas, Eurostat
Total Imports: Global Trade Atlas
Imports from U.S.: 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 2021 to 2022:
| HS code | ITEM | 2021 | 2022 |
| 27 | Mineral Fuels, Mineral Oils and Products of Their Distillation; Bituminous Substances; Mineral Waxes | 77,572,305 | 266,358,130 |
| 2701 | Coal; Briquettes, Ovoids and Similar Solid Fuels Manufactured from Coal | 69,373,164 | 253,329,452 |
| 2704 | Coke and Semicoke of Coal, Lignite of Peat, Whether or not Agglomerated; Retort Carbon | 7,263,034 | |
| 2713 | Petroleum Coke, Petroleum Bitumen and Residues of Petroleum Oils or Of Oils Obtained from Bituminous Minerals | 6,108,705 | 3,119,777 |
| 2710 | Petroleum Oils and Oils from Bituminous Mins (Other Than Crude) and Products There from, Nesoi, Containing 70% (By Weight) or more of These Oils; Waste Oils | 1,001,129 | 1,866,290 |
| 2711 | Petroleum Gases and Other Gaseous Hydrocarbons | 203 | 747,576 |
| 2712 | Petroleum Jelly; Paraffin Wax, Microcrystalline Petroleum Wax, Slack Wax, Other Mineral Waxes, and Similar Products | 15,966 | 26,260 |
| 2715 | Bituminous Mixtures Based on Natural Asphalt, Natural Bitumen, Petroleum Bitumen, Mineral Tar or Mineral Tar Pitch | 1,073,139 | 5,741 |
Opportunities
Black coal and briquettes made from black coal are used primarily for the production of iron and steel. There are three main producers of iron and steel in Slovakia - U.S. Steel Kosice, Zeleziarne Podbrezova, and the Indo-Spanish joint venture ArcelorMittal Gonvarri. There is also growing import demand for liquefied gas, petroleum coke, petroleum bitumen, bituminous coal, and petroleum jelly, which are used by the chemical industry and other industries for further reprocessing and the production of final goods.
Resources
Statistical Office of the Slovak Republic
Eurostat
The Ministry of Economy of the Slovak Republic
Contact: marian.volent@trade.gov