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. Balance of Trade in Slovakia averaged 5.19 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 600.00 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 2020, according to our econometric models.