The trade surplus in Slovakia narrowed to EUR 203.6 million in June 2019 from EUR 450.5 million in the same month a year earlier and missing market expectations of EUR 325 million. Exports fell 7.3 percent year-on-year to EUR 6,284 million while imports dropped at a softer 4.0 percent to EUR 6,284 million. Considering the January-June period, the trade surplus decreased to EUR 1,331 million from EUR 1,832 million in the corresponding period of 2018. Exports rose 3.3 percent to EUR 40.73 billion, driven by sales to the EU (1.1 percent) and non-EU countries (17.2 percent). Imports increased 4.9 percent to EUR 39.41 billion, boosted by purchases from the EU (6.6 percent) and those from non-EU countries (1.3 percent). Balance of Trade in Slovakia averaged 5.86 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 550.00 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 430.00 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.

Slovakia Balance of Trade
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2019-05-09 07:00 AM Balance of Trade Mar €342.6M €322.9M €360.6M €320M
2019-06-07 07:00 AM Balance of Trade Apr €-68.1M €311.4M €289.4M €250M
2019-07-09 07:00 AM Balance of Trade May €133.1M €-60.4M €395M €290M
2019-08-08 07:00 AM Balance of Trade Jun €203.6M €153.4M €325M €430M
2019-09-06 07:00 AM Balance of Trade Jul €203.6M €50M
2019-10-09 07:00 AM Balance of Trade Aug €-180M
2019-11-07 08:00 AM Balance of Trade Sep €550M

Slovakia Trade Last Previous Highest Lowest Unit
Balance of Trade 204.00 33.00 609.00 -865.00 EUR Million [+]
Current Account -127.00 -311.10 431.50 -1470.00 EUR Million [+]
Current Account to GDP -2.50 -2.00 4.30 -10.60 percent [+]
Imports 6284.00 6748.00 7609.00 287.00 EUR Million [+]
Exports 6488.00 6858.00 7759.00 312.00 EUR Million [+]
External Debt 100.40 102.23 102.91 35.63 EUR Billion [+]
Terms of Trade 100.05 99.84 127.54 75.55 Index Points [+]
Capital Flows -442.00 30.80 3824.10 -3006.10 EUR Million [+]
Foreign Direct Investment -83.80 -371.40 2101.80 -1435.60 EUR Million [+]
Gold Reserves 31.70 31.70 40.12 31.69 Tonnes [+]
Terrorism Index 0.12 0.23 0.50 0.00 [+]
Weapons Sales 12.00 22.00 173.00 1.00 USD Million [+]
Crude Oil Production 0.20 0.20 1.60 0.20 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Slovakia Balance of Trade

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. This page provides - Slovakia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
204.00 33.00 609.00 -865.00 1993 - 2019 EUR Million Monthly

Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan 589.46 Jun/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19