Slovakia, a country nestled in the heart of Europe, participates in the global tea trade. In 2021, Slovakia exported tea worth $661k, positioning itself as the 87th largest tea exporter worldwide. While tea ranked as the 873rd most exported product in Slovakia that year, its significance in the country’s trade landscape should not be overlooked.
Tea Exports from Slovakia
Slovakia primarily exports tea to neighboring countries such as Czechia, Austria, Hungary, Germany, and Poland. Among these, Czechia stands out as the leading destination with imports valued at $311k from Slovakia, followed by Austria with $79.9k, Hungary with $71.7k, Germany with $56.2k, and Poland with $22.5k.
Notably, between 2020 and 2021, Slovakia experienced significant growth in tea exports to Austria, Germany, and Hungary. Austria witnessed an impressive increase of $51.8k, followed by Germany with $27.6k and Hungary with $25.5k.
|Asia||United Arab Emirates||637|
|Europe||Bosnia and Herzegovina||69|
|North America||United States||862|
Tea Imports in Slovakia
In 2021, Slovakia imported tea valued at $6.2 million, establishing itself as the 98th largest tea importer globally. While tea ranked as the 686th most imported product in Slovakia that year, its significance in the country’s trade landscape should not be underestimated. Slovakia primarily sources its tea imports from Czechia, Poland, Germany, China, and Hungary. Among these, Czechia accounted for the highest tea imports, totaling $2.53 million, followed by Poland with $1.03 million, Germany with $930k, China with $411k, and Hungary with $234k.
Between 2020 and 2021, the fastest-growing import markets for tea in Slovakia were Czechia, experiencing a substantial increase of $701k, followed by China with $185k and Poland with $177k.
|Asia||United Arab Emirates||30,574|
|Europe||Bosnia and Herzegovina||1|
|North America||United States||2,007|
Potential Of Tea Import and Export Between Vietnam-Slovakia
While the bilateral trade between Vietnam and Slovakia may not currently reach significant levels, it is worth noting that Slovakia’s tea imports in 2021 amounted to a total value of $1,454. Recognizing this, it becomes evident that Vietnam, as a global leader in tea production and export, has immense potential to collaborate with Slovakia in introducing Vietnamese tea to the Slovakia market in the foreseeable future.
Tariffs on Tea Trade
In 2019, Slovakia applied an average tariff rate of 0.3% on tea imports. However, certain countries imposed higher import tariffs on tea. The Republic of the Congo, Algeria, Western Sahara, Gabon, and Libya had the highest import tariffs for tea, all subject to the Most Favored Nation duty rate treatment of 0.8%.
Slovakia’s tea trade demonstrates the country’s active participation in the global market, with both tea exports and imports contributing to its trade dynamics. While Slovakia’s tea exports are relatively modest, the nation has witnessed growth in key markets such as Czechia, Austria, and Germany. On the other hand, Slovakia’s significant tea imports, totaling $6.2 million, cater to domestic consumption, with Czechia, Poland, and Germany being the primary sources. Understanding tariff rates is crucial for tea traders, as Slovakia applies a low average tariff rate, while some countries impose higher tariffs on tea imports. As Slovakia continues to engage in the global tea trade, it will be interesting to observe how the industry evolves and contributes to the country’s trade dynamics in the coming years.