Analysts: Slovakia's foreign trade deficit in April was a pleasant surprise

Slovakia's foreign trade balance for April 2007 recorded a deficit of Sk1.2 billion (€34.93 million), the Statistics Office reported on June 11.

This figure is Sk7.8 billion lower than the foreign trade deficit reported in April 2006.

Total exports for the period stood at Sk111.6 billion, up by 25.2 percent year-on-year, while total imports rose by 14.9 percent to Sk112.7 billion.

The deficit of Slovakia's foreign trade in April was a positive surprise for analysts, ČSOB bank analyst Marek Gábriš said on June 11.

Economic analysts' estimates on the deficit were moving within the Sk1.5- to Sk2.2 billion range. It is the second best monthly result this year following January's Sk5 billion surplus, said Gábriš.

The favourable results probably stem from the increase of export efficiency and the simultaneous slowdown of the tempo of imports. The improvement of foreign trade balance was reached mainly thanks to auto production, and the electro-technical and engineering industries.

Tatrabanka analyst Juraj Valachy expects the trade balance in May to move up out of the red, just above zero.

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

Get daily Slovak news directly to your inbox

Top stories

People with negative tests can go to hairdresser or outdoor terraces

Those with a negative test result will have to follow rules introduced on October 15.

Companies fear drop in demand for their products and services the most

International chambers of commerce asked companies about their current situation as well as expectations.

Companies implemented anti-coronavirus measures.

News digest: The Gale targets corruption, cabinet officially prolongs curfew

Slovakia learned about biggest corporate taxpayers, the president signed laws changing the minimum wage and 13th pensions. Read the latest news overview.

Mobile testing units were built in the Hviezdoslavovo Square in Bratislava.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov