Slovakia recorded a trade surplus of 707.90 EUR Million in September of 2020. source: Statistical Office of the Slovak Republic

Balance of Trade in Slovakia averaged 9.46 EUR Million from 1993 until 2020, reaching an all time high of 750 EUR Million in June of 2020 and a record low of -865 EUR Million in December of 2005. This page provides - Slovakia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Balance of Trade in Slovakia is expected to be -50.00 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 -50.00 in 12 months time. In the long-term, the Slovakia Balance of Trade is projected to trend around -150.00 EUR Million in 2021 and 150.00 EUR Million in 2022, according to our econometric models.

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Slovakia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
707.90 335.00 750.00 -865.00 1993 - 2020 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-08-07 07:00 AM Jun €709.9M €219.7M €208.4M € 430M
2020-09-08 07:00 AM Jul €332.7M €736.1M €230M
2020-10-09 07:00 AM Aug €335.4M €367.8M €185.5M
2020-11-09 08:00 AM Sep €707.9M €310.3M €395.8M € 430M
2020-12-09 08:00 AM Oct €707.9M € 530M
2021-01-08 08:00 AM Nov
2021-02-08 08:00 AM Dec
2021-03-10 08:00 AM Jan

News Stream
Slovakia Trade Surplus Narrows Sharply in January
The trade surplus in Slovakia narrowed to EUR 27.6 million in January of 2020 from EUR 151.4 million in the same month a year earlier and against market expectations of EUR 150 million. Exports fell 0.8 percent year-on-year to EUR 6,682.2 million, dragged by lower sales to non-EU countries (-12.9 percent). In contrast, exports to the EU increased 1.5 percent. Meantime, imports rose 1.0 percent to EUR 6,644.6 million, boosted by purchases from the EU (6.3 percent).
Slovakia Trade Gap Shrinks in December
The trade deficit in Slovakia narrowed to EUR 24.3 million in December of 2019 from EUR 217.2 million in the same month of the previous year. Exports advanced 4.9 percent from a year earlier to EUR 5.954 billion while imports rose at a softer 1.4 percent to EUR 5.978 billion. Considering 2019, the trade surplus declined to EUR 1.115 billion from EUR 2.310 billion in 2018, with imports jumping 3.5 percent and exports increasing 1.9 percent
Slovakia Trade Surplus Widens in November
Slovakia recorded a EUR 157.6 million trade surplus in November of 2019, wider than a EUR 50 million surplus a year earlier. Exports went down 4.3 percent to EUR 7309 million and imports slumped 5.8 percent to EUR 7152 million. Considering January to November, exports went up 1.6 percent to EUR 74616 million and imports rose 3.5 percent to EUR 73434 million, resulting in a EUR 1179 million surplus (down by EUR 1347 million from the corresponding period in 2018). Sales to the EU increased 0.6 percent and accounted for 84.4 percent of total shipments. Exports to the rest of the world went up 6.8 percent. 67.5 percent of total imports came from the EU and rose 5.1 percent while purchases from the rest of the world edged up 0.4 percent.
Slovakia Posts Widest Trade Surplus in Over a Year
The trade surplus in Slovakia rose to EUR 368.7 million in October of 2019 from EUR 304 million in the same month a year earlier and beating market expectations of a EUR 118 million surplus. It was the largest trade surplus since September last year, as exports went up 0.1 percent year-on-year to EUR 7,682.5 million while imports decreased 0.7 percent to EUR 7,313.8 million. Considering the first ten months of the year, the country's trade surplus narrowed to EUR 1,054.3 million from EUR 2,476.9 million in the corresponding month of 2018. Imports grew 4.4 percent to EUR 66.11 billion, driven by purchases from the EU (5.8 percent) and non-EU countries (1.4 percent). Exports increased 2 percent to EUR 67.17 billion, boosted by sales to the EU (0.9 percent) and non-EU countries (8.8 percent).

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.