This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 7/16/2019

Overview

 2016201720182019 (Estimated)
Total Market Size92,972179,21180,234235,000
Total Local Production8,0109,00011,20010,000
Total Exports21,51519,47228,90625,000
Total Imports106,477189,68397,940250,000
Imports from the US17,772112,82931,978150,000
Exchange Rates1.10691.12971.18101.14
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
Total Imports: Global Trade Atlas
Imports from U.S.: Global Trade Atlas
Exchange Rate: European Central Bank

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 2017 to 2018:

HS code
ITEM20172018
8802Aircraft, Powered; Spacecraft & Launch Vehicles80,056,78326,738,489
8803Parts Of Balloons Etc, Aircraft, Spacecraft Etc7,494,0944,220,844
8805Aircraft Launch Gear; Deck-Arrest; Gr Fl Train; Pt1,525,3141,013,706
8804Parachutes (Including Dirigible Parachutes) Rotoch56,1795,052

Opportunities

In 2016, the Ministry of Interior of the Slovak Republic purchased two used Airbus A319s and two used Fokker 100s to replace its Tupolev Tu-154 aircraft fleet. Three of the aircraft are equipped with hospital beds for stabilized patients (light or severe injuries), able to transport patients within the European Union. One Airbus can be rebuilt to a capacity of approximately 34 seats and has an evacuation capacity of 74 seats. The purchase was not publicly tendered but conducted by applying a national security exception to the Law on Public Procurement from preselected vendors. The price included general repair, pilot training, insurance and service repair station also available to third parties.

Slovakia is making up for many years of a low army modernization budget.  Defense spending is due to rise from 1.7 percent of gross domestic product this year to 2.0 percent by 2020. Slovakia plans to spend about EUR 6.5 billion (USD 7.41 billion) by 2030 to modernize its military.

The Ministry of Defense of the Slovak Republic has begun with modernization of the Slovak Air Forces by purchasing nine U.S.-made Sikorsky UH-60M Black Hawk helicopters for USD 261 million, to replace its outdated Russian Mi-17 fleet, reducing the NATO country’s dependence on Russian parts and servicing. The Slovak Air Force received the first four Black Hawk helicopters in 2017-2018, and the last five in 2019. Six crews have already completed training and three crews are in training.

The Government of Slovakia committed in 2018 to a purchase of 14 U.S. made F-16 fighter jets to replace aging Russian made MiG29s. The contract includes the acquisition of 12 single-seater aircrafts, 2 two-seater aircrafts, aviation ammunition, two-year logistics support, training of 22 pilots and 160 ground crew technicians. The first aircraft is to be shipped in the last quarter of 2022. The whole fleet should arrive by the end of 2023.

Web Resources

The Ministry of Interior of the Slovak Republic
The Ministry of Defense of the Slovak Republic
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.


More Information

Slovakia Energy Trade Development and Promotion