The trade surplus in Slovakia narrowed to EUR 133.1 million in May 2019 from EUR 395 million in the same month a year earlier and missing market expectations of EUR 3958 million. Exports fell 0.2 percent year-on-year to EUR 6.86 billion while imports rose 3.8 percent to EUR 6.72 billion. Considering the first five of the year, the trade surplus went down to EUR 1117.1 million from EUR 1381.1 million in the corresponding period of 2018. Exports advanced 5.5 percent to EUR 34.21 billion, driven by sales to the EU (2.8 percent) and non-EU countries (22.7 percent). Imports rose 6.6 percent to EUR 33.09 billion, boosted by purchases from the EU (9.3 percent) and those from non-EU countries (1.3 percent). Balance of Trade in Slovakia averaged 5.52 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
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-09 07:00 AM Balance of Trade €283.6M €309.6M €306M €140M
2019-05-09 07:00 AM Balance of Trade €342.6M €322.9M €360.6M €320M
2019-06-07 07:00 AM Balance of Trade €-68.1M €311.4M €289.4M €250M
2019-07-09 07:00 AM Balance of Trade €133.1M €-60.4M €395M €290M
2019-08-09 07:00 AM Balance of Trade €133.1M €430M
2019-09-06 07:00 AM Balance of Trade €50M
2019-10-09 07:00 AM Balance of Trade €-180M

Slovakia Trade Last Previous Highest Lowest Unit
Balance of Trade 133.10 -60.40 609.00 -865.00 EUR Million [+]
Current Account -336.50 -39.70 431.50 -1470.00 EUR Million [+]
Current Account to GDP -2.50 -2.00 4.30 -10.60 percent [+]
Imports 6725.00 6628.00 7609.00 287.00 EUR Million [+]
Exports 6858.00 6568.00 7759.00 312.00 EUR Million [+]
External Debt 100.40 102.23 102.91 35.63 EUR Billion [+]
Terms of Trade 101.20 99.93 127.54 75.55 Index Points [+]
Capital Flows 31.40 923.70 3824.10 -3006.10 EUR Million [+]
Foreign Direct Investment 592.50 -188.20 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
133.10 -60.40 609.00 -865.00 1993 - 2019 EUR Million Monthly

Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.50 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19