Slovakia’s Statistics Office revises down July's foreign trade deficit but it jumps up in August

Slovakia's foreign trade deficit was €87.8 million in July, the country’s Statistics Office said in revising the preliminary figure of €93.8 million, the SITA newswire wrote.

Slovakia's foreign trade deficit was €87.8 million in July, the country’s Statistics Office said in revising the preliminary figure of €93.8 million, the SITA newswire wrote.

Overall exports grew 23.7 percent year-on-year to €3.785 billion in July and imports increased by 27.8 percent to €3.873 billion. The office reported a foreign trade surplus of €605.3 million over the entire seven-month period, according to revised figures.

Slovakia had the highest surplus in trade with Germany, followed by Austria, France, the Czech Republic and Poland. The highest negative balance was in trade with South Korea, followed by the Russian Federation, China, and Taiwan.

Overall exports in the first seven month of 2010 amounted to €26.504 billion, up 22.6 percent year-on-year. Regarding the structure of exported goods, the Statistics Office reported considerable growth in exports of passenger cars and other motor vehicles designed for transport of passenger by €963.1 million, and an increase in motor vehicles components and accessories by €279.7 million. In the January-July period, imports totalled €25.899 billion, up 21.3 percent year-on-year.

Slovakia's foreign trade deficit widened in August with the gap between exports and imports reaching €200 million in the month, according to preliminary data from the Statistics Office. Exports totalled €3.756 billion in August, which was 19.9 percent more year-on-year. Imports rose by 35.7 percent to €3.956 billion. For the full January-August period, the Statistics Office reported a 22.3-percent increase in exports to €30.26 billion and a 23-percent growth in imports to €29.855 billion. The foreign trade balance closed the eight-month period with a surplus of €405.3 million, €67.8 million less than the same period a year ago.

Source: SITA

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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