Slovakia Balance of Trade

Last Release

May 31, 2024

Actual

367

Units In

EUR Million

465.8

Frequency

Monthly

Next Release

Aug 09, 2024

Time to Release

29 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
830 Oct 2020	-1,250.3 Dec 2022	22.6 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 narrowed sharply to EUR 367 million in May 2024 from EUR 687.1 million in the same month last year, preliminary estimates showed. Exports fell by 5.4% year-on-year to EUR 9,124.2 million, dragged down by lower sales of machinery and transport equipment, particularly automobiles. Shipments to the EU and non-EU countries decreased by 4.7% and 7.7%, respectively. Meanwhile, imports shrank by 2.3% to EUR 8,757.2 million, marking the softest fall in a year. The decline was influenced by the reduced purchases of machinery and transport equipment, notably in motor vehicle parts. Imports from the EU and non-EU countries dropped by 1.9% and 2.9%, respectively. Considering the January-May period, the country’s trade surplus widened significantly to EUR 2,513.7 million from EUR 1,617.5 million in the same period last year.