Slovakia’s trade deficit drastically increased to EUR 473.30 million in September of 2022 from EUR 83.3 million a year ago and way above the market expectation of EUR 25 million deficit. Imports surged by 31.1% to an all-time high of EUR 9.4 million and continued to increase longer than the exports. Imports of mineral fuels, lubricants & related materials climbed 95.5% and those of machinery & transport equipment rose 32.4%. Meanwhile, exports advanced at a slower 26% to EUR 8.9 million, not far from May's record high, led by sales of mineral fuels, lubricants and related materials (94.7%) and machinery & transport equipment (30.4%), in particular motor vehicles. The majority of goods from both of these sections were destined for EU markets. Considering the first nine months of the year, the foreign trade balance was in deficit of EUR 2.4 billion, compared with a surplus of EUR 1.7 billion in the same period of 2021. source: Statistical Office of the Slovak Republic

Balance of Trade in Slovakia averaged 10.72 EUR Million from 1993 until 2022, reaching an all time high of 830.00 EUR Million in October of 2020 and a record low of -865.00 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 2022.

Balance of Trade in Slovakia is expected to be -150.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Balance of Trade is projected to trend around -150.00 EUR Million in 2023 and 150.00 EUR Million in 2024, according to our econometric models.

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Slovakia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-10-07 07:00 AM Aug €-158.2M €-27M €-90M € -170M
2022-11-09 08:00 AM Sep €-473.3M €-117.5M €-25M € -80M
2022-12-09 08:00 AM Oct €-473.3M €-330M


Related Last Previous Unit Reference
Balance of Trade -473.30 -117.50 EUR Million Sep 2022
Imports 9440.00 8424.00 EUR Million Sep 2022
Exports 8966.00 8265.00 EUR Million Sep 2022
Terms of Trade 95.17 96.60 points Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-473.30 -117.50 830.00 -865.00 1993 - 2022 EUR Million Monthly

News Stream
Slovakia Trade Deficit Much Higher than Expected
Slovakia’s trade deficit drastically increased to EUR 473.30 million in September of 2022 from EUR 83.3 million a year ago and way above the market expectation of EUR 25 million deficit. Imports surged by 31.1% to an all-time high of EUR 9.4 million and continued to increase longer than the exports. Imports of mineral fuels, lubricants & related materials climbed 95.5% and those of machinery & transport equipment rose 32.4%. Meanwhile, exports advanced at a slower 26% to EUR 8.9 million, not far from May's record high, led by sales of mineral fuels, lubricants and related materials (94.7%) and machinery & transport equipment (30.4%), in particular motor vehicles. The majority of goods from both of these sections were destined for EU markets. Considering the first nine months of the year, the foreign trade balance was in deficit of EUR 2.4 billion, compared with a surplus of EUR 1.7 billion in the same period of 2021.
2022-11-09
Slovakia Trade Deficit Widens in August
Slovakia recorded a trade deficit of EUR 158.20 million in August of 2022, compared to a EUR 146 million gap in the corresponding month of the earlier year. Exports increased by 30.30% year-on-year to EUR 8,265 million, the most since May, driven by sales of machinery and transport equipment (29.4%); while imports rose by 30.70% to EUR 8,424 million, boosted by purchases of machinery and transport equipment (29.9%), of which parts and components of motor vehicles, and mineral fuels (89%). Considering the January-August period of 2022, the trade balance shifted to a deficit of EUR 1.9 billion, compared with a surplus of EUR 1.8 billion in the same period last year.
2022-10-07