Slovak trade surplus narrowed to EUR 343 million in March 2019 from EUR 504 million in the same month of the previous year, as exports rose 3.4 percent to EUR 7.19 billion while imports increased 6.1 percent to EUR 6.86 billion. Considering the first three months of the year, the trade surplus went up to EUR 973 million from EUR 753 million in the same period of 2018. Exports advanced 7.8 percent to EUR 20.64 billion, boosted by sales to the EU (4.3 percent) and non-EU countries (30.8 percent) while imports rose at a softer 6.9 percent to EUR 19.67 billion, as purchases from the EU grew 12.5 percent and those from non-EU countries fell 3.5 percent. Balance of Trade in Slovakia averaged 5.14 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.

Slovakia Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-08 08:00 AM Balance of Trade €-129.3M €83.6M €385.7M €-50M
2019-03-11 08:00 AM Balance of Trade €175M €-110M €124.4M €138M
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 €342.6M €250M
2019-07-09 07:00 AM Balance of Trade €290M
2019-08-09 07:00 AM Balance of Trade €430M

Slovakia Trade Last Previous Highest Lowest Unit
Balance of Trade 343.00 323.00 609.00 -865.00 EUR Million [+]
Current Account -158.00 -92.10 431.50 -1470.00 EUR Million [+]
Current Account to GDP -2.50 -2.00 4.30 -10.60 percent [+]
Imports 6855.20 6375.80 7609.00 287.00 EUR Million [+]
Exports 7197.80 6698.70 7759.00 312.00 EUR Million [+]
External Debt 102.23 102.91 102.91 35.63 EUR Billion [+]
Terms of Trade 100.52 99.99 127.54 75.55 Index Points [+]
Capital Flows 31.40 923.70 3824.10 -3006.10 EUR Million [+]
Foreign Direct Investment 493.20 444.30 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 22.00 18.00 173.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
343.00 323.00 609.00 -865.00 1993 - 2019 EUR Million Monthly

Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.34 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19