Slovakia recorded a trade surplus of 222.90 EUR Million in November of 2020. source: Statistical Office of the Slovak Republic

Balance of Trade in Slovakia averaged 12.57 EUR Million from 1993 until 2020, reaching an all time high of 837.70 EUR Million in October 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 January of 2021.

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 150.00 in 12 months time. In the long-term, the Slovakia Balance of Trade is projected to trend around 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
222.90 837.70 837.70 -865.00 1993 - 2020 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
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 €807.5M €707.9M €724.8M € 530M
2021-01-08 08:00 AM Nov €222.9M €837.7M
2021-02-08 08:00 AM Dec €222.9M
2021-03-11 08:00 AM Jan
2021-04-09 07:00 AM Feb
2021-05-07 07:00 AM Mar

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 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.