Slovakia posted a trade deficit of EUR 68.1 million in April of 2019, switching from a EUR 233.4 million surplus in the corresponding month of the previous year. Exports increased 2.3 percent from a year earlier to EUR 6,545 million while imports jumped 7.3 percent to EUR 6,613 million. Considering the January to April period, the trade surplus narrowed to EUR 964,5 million from EUR 986,5 million in the corresponding period of 2018. Exports rose 6.9 percent to EUR 27,316 million and imports advanced 7.3 percent to EUR 26,532 million. Shipments to the EU Member States increased by 4.2 percent and it represented 84.2 percent of the total export and those to the non-EU countries increased by 24.7 percent and it represented 15.8 percent. Imports from the EU Member States represented 68.2 percent of the total and it grew by 10.8 percent from a year earlier and those from the non-EU countries represented 31.8 percent of the total import and it increased by 0.6 percent. Balance of Trade in Slovakia averaged 5.09 EUR Million from 1993 until 2019, reaching an all time high of 609 EUR Million in May of 2013 and a record low of -865 EUR Million in December of 2005.
Balance of Trade in Slovakia is expected to be 430.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Slovakia to stand at 600.00 in 12 months time. In the long-term, the Slovakia Balance of Trade is projected to trend around 150.00 EUR Million in 2020, according to our econometric models.