Slovensko / Slovakia
Slovakia – Canada Economic Relations
Trade Overview: 2022–2024 (in USD millions)
Key Insights
•Trade Growth: Bilateral trade grew by approximately 8.6% from 2022 to 2024, reflecting stable economic engagement.
•Export Imbalance: Slovakia exports nearly 8 times more to Canada than it imports, mainly due to automotive and machinery sectors.
•CETA Effect: The Canada–EU Comprehensive Economic and Trade Agreement (CETA) continues to offer tariff advantages to both countries.
•Emerging Opportunities: Growing interest in clean technologies, aerospace components, and AI may open future collaboration.
Trade Partner Rankings
Slovakia’s Trade Partners – Canada’s Rank
Canada ranks around 39th among Slovakia’s global trading partners. While trade volume is modest, it reflects potential for growth, especially in high-value sectors like clean tech, life sciences, and aerospace.
Canada’s Trade Partners – Slovakia’s Rank
Slovakia is around 55th in Canada’s global trade rankings, a modest but stable position. Bilateral trade is primarily driven by Slovakia’s automotive sector, with growing interest in green energy and electronics.
