Spectator on facebook

Spectator on facebook

Russia is Slovakia's third most important trade partner

IN THE first 11 months of 2004, Slovakia's foreign trade deficit with Russia amounted to Sk73.333 billion (€1.92 billion). In 2003 the deficit was Sk78.848 billion (€2.07 billion).

From January to November 2004 Slovakia imported Sk80.971 billion (€2.12 billion) worth of goods from Russia, which represents a 1.8 percent drop year-on-year. Imports from Russia represented 9.4 percent of Slovakia's foreign trade, the news wire TASR reported.

A 12.5 percent increase in Slovakia's export to Russia amounted to Sk9.638 billion (€250 million) and represented 1.2 percent of foreign trade.

Russia is Slovakia's third most important trade partner. Slovaks are largely dependent on imports of Russian fuel, energy and raw materials. These represent 90 percent of the imports from Russia.

In the past five years Slovakia's largest exporters to Russia were carmaker Volkswagen Bratislava, steelworks US Steel Košice, packaging producer Grafobal Skalica, brewery Heineken Nitra, printers Slovak Grafia Bratislava, tyre maker Matador Púchov and building materials producer Izomat Nová Baňa. The largest importers from Russia are Slovnaft oil refinery, gas utility Slovenský Plynárenský Priemysel (SPP), US Steel Košice, electric utility Slovenské elektrárne (SE), Duslo Šaľa fertiliser producer and Slovalco aluminium producer.

According to preliminary data from the Slovak Statistics Office, in 2004 Slovakia incurred an overall trade deficit of Sk45.523 billion (€1,19 billion). Imports amounted to Sk941.058 billion (€24.66 billion) - an increase of 13.7 percent year-on-year. Exports increased by 11.5 percent to Sk895.535 billion (€23.47 billion).

Compiled by Spectator staff from press reports

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia to buy F-16 fighter jets. What is wrong with the ministry's analysis?

The Defence Ministry persuaded the government that the American offer is better than the Swedish, but analysts are not convinced.

F-16 fighter jet.

People marched for LGBTI rights in Bratislava

Take a look at the Bratislava Rainbow Pride 2018 that took place on Saturday, July 14.

Blog: Skills shortage makes us rethink patterns in education

Slovakia must be able to attract and retain the skilled experts, but also grow domestic talents and leaders.

Companies are cautiously considering further education  and training for their employees.

Believe it or not Europe, Trump really does not have a plan

Did you ever wonder what it would be like for a man with no attention span, who has declared bankruptcy four times, to lead the world’s most powerful country?

London during the visit of Donald Trump.