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Slovakia Balance of Trade

Last Release
Mar 31, 2024
Actual
577.4
Units In
EUR Million
Previous
649.4
Frequency
Monthly
Next Release
Jun 10, 2024
Time to Release
30 Days 18 Hours
Highest
Lowest
Average
Date Range
Source
830
Oct 2020
-1,250.3
Dec 2022
20.5 EUR Million1993-2024Statistical 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 narrowed to EUR 577.4 million in March 2024 from EUR 697 million in the corresponding month of the previous year and compared to market forecasts of EUR 638.6 million, preliminary estimates showed. Exports fell by 16.4% year-on-year to EUR 8,742.2 million, dragged down by lower sales of beverages and tobacco (-36.8%) and crude materials, except fuels (-24.8%). Shipments to the EU and non-EU countries decreased by 12.9% and 23.2%, respectively. Meanwhile, imports shrank for the fifth consecutive month by 16.3% to EUR 8,164.8 million, mainly affected by reduced purchases of machinery and transport equipment (-21.4%). Imports from non-EU countries and the EU declined by 15.5% and 16.7%, respectively. Considering the January-March period, the country's trade surplus sharply widened to EUR 1,781.6 million from EUR 637.2 million in the same period last year.

Slovakia Balance of Trade History

Last 12 readings

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