Slovakia Balance of Trade

Last Release

Feb 29, 2024

Actual

649.4

Units In

EUR Million

411

Frequency

Monthly

Next Release

May 09, 2024

Time to Release

28 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
830 Oct 2020	-1,250.3 Dec 2022	19.01 EUR Million	1993-2024	Statistical Office of the Slovak Republic

Exports has been the main factor behind Slovakian robust growth and in the last ten years exports more than doubled. The biggest share of Slovakian exports are vehicles, machinery and electrical equipment, base metals and chemicals and minerals. Main export partners are Euro Area members with German, Czech Republic and Poland being the most important. The biggest share of Slovakian imports are machinery and transport equipment, intermediate manufactured goods, fuels and chemicals. Main import partners are Germany, Czech Republic, China and Russia. In 2015, Slovakia had the highest balance surplus with Germany, the UK, Poland and Austria. The largest balance deficit was recorded in trade with China, South Korea, Russia and Japan.

Latest Updates

Slovakia’s trade surplus widened to EUR 649.4 million in February 2024 from EUR 225.4 million in the same period last year, surpassing market forecasts of EUR 445 million surplus, preliminary estimates showed. Year-on-year, exports fell by 3.4% to EUR 8,795.1 million. The decrease in Slovak exports was the largest since September 2021, primarily due to lower exports of cars. Meanwhile, imports shrank for the fourth straight month by 8.3% to EUR 8,145.7 million, mainly affected by a drop in the value of imported energy commodities. Considering the January-February period, the country posted a trade surplus of EUR 1,194.1 million, a significant shift from a deficit of EUR 59.7 million in the corresponding period a year ago.