Spectator on facebook

Spectator on facebook

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.

Top stories

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.

Lajčák gives two versions of the Evka story

The Foreign Ministry gives opposing statements about suspicious procurement related to the Slovak Presidency over the EU Council.

Government of PM Robert Fico (left) endorses Lajčák as its official candidate.

PM Fico: Investors should clearly declare whether they have encountered corruption or not

Representatives of the biggest investors in Slovakia met with Fico to discuss the local business environment.

PM Robert Fico meeting with representatives of big investors in Slovakia.

Blog: HR Marketing: Not everybody can be Google!

It is important to know who your target audience is and the position you aspire to achieve as an employer on the market.

Illustrative stock photo