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Slovakia's trade deficit Sk2 billion in February

SLOVAKIA reported a preliminary foreign trade deficit of Sk2.1 billion (€62.7 million) in February, the Statistics Office announced on April 11. After a trade surplus in January, which the office revised upward by Sk900 million to Sk4.9 billion (€146 million), this represents a decline of almost Sk7 billion (€209 million) from the previous month.

However, in a year-on-year comparison, the trade balance improved by more than Sk8 billion (€239 million). Exports in February grew by 27.4 percent to Sk108 billion (€3.2 billion), while imports grew by 15.7 percent to Sk110.3 billion (€3.3 billion).

In total for the first two months of 2007, the trade balance remains positive, with a surplus of Sk2.8 billion (€84 million). Total exports grew by 31.4 percent compared to the same period of last year to Sk218.2 billion (€6.5 billion), while total imports grew 16.5 percent to Sk215.3 billion (€6.4 billion).

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