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Trade deficit for January revised down to €164.7 million

The deficit in Slovakia's foreign trade in January was €164.7 million, according to revised data of the Statistics Office. Previously released figures stated the deficit at €279.5 millionTA newswire.

The deficit in Slovakia's foreign trade in January was €164.7 million, according to revised data of the Statistics Office. Previously released figures stated the deficit at €279.5 millionTA newswire.

Exports totaled €2.773 billion and were a y-o-y decrease of 33.3 percent. Imports fell 28.6 percent to €2.938 billion. Slovakia reported the biggest gap in trade with the Russian Federation followed by South Korea, China, Japan, the Czech Republic and Malaysia.

Slovakia had the highest trade surplus in trade with Germany,followed by France, Italy, Poland, the Netherlands, the United Kingdom, Austria and Hungary.

Exports to the OECD countries fell 32.6 percent, representing 88.6 percent of Slovakia's overall exports.

Imports from the EU member states dropped 27.1 percent, accounting for 67.1 percent of overall imports. Imports from the OECD zone shrank by 24.7 percent, representing 68.6 percent of Slovakia's overall imports. SITA

Compiled by Zuzana Vilikovská from press reports
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