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Foreign trade deficit for 2005 stood at Sk73.99 billion

Slovakia's foreign trade balance for 2005 showed a deficit of around Sk74 billion (€2.2 billion), according to data published by the Statistics Office on May 2.

Exports were up by 11.1 percent year-on-year to about Sk990.1 billion, while imports rose by 13.1 percent year-on-year to about Sk1.1 trillion.

Significant growth was reported for 2005 in the foreign sales of television sets (up around Sk22.3 billion year-on-year), automated data processing machines (around Sk7.4 billion), video devices (around Sk4.2 billion), flat-rolled iron and cold-rolled non-alloy steel products (around Sk3.6 billion) and electronic-integrated circuits (around Sk3 billion).

Foreign sales fell most for passenger cars (down about Sk16 billion year-on-year), car parts and accessories (down about Sk8.6 billion), reclining seats (down about Sk4.6 billion), and electronic valves and cathode-ray tubes (down about Sk2.9 billion).

Exports to Hungary rose the most by 29.9 percent. Other increases included those to Poland, Spain and the Netherlands. Imports to the US fell by 26.7 percent and to Germany by 0.1 percent.

In terms of economic groupings, exports to the European Union and OECD rose by 11.3 and 9.1 percent respectively, year-on-year.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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