Slovakia's foreign trade deficit returns after four months of surplus

After four consecutive months of surpluses, Slovakia’s foreign-trade balance posted a slight deficit of €6.3 million in June, still €64.2 million less than the deficit for the same period last year, the Slovak Statistics Office announced on Tuesday, August 11.

After four consecutive months of surpluses, Slovakia’s foreign-trade balance posted a slight deficit of €6.3 million in June, still €64.2 million less than the deficit for the same period last year, the Slovak Statistics Office announced on Tuesday, August 11.

Total exports reached €3.228 billion in June, falling by 25.7 percent year-on-year. Total imports fell by 26.7 percent to €3.235 billion.

In the first half of 2009, total foreign trade recorded a positive balance of €294.7 million, a significantly better result than in H108, when there was a deficit of €198.4 million, although trade volumes are down due to the economic crisis. Compared to the first half of 2008, total exports in H109 dropped by 28.4 percent to €18.468 billion, while total imports fell even more, by 30.1 percent, to €18.174 billion. TASR

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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