The largest number of Slovak-produced cars did not go to the country’s traditional European trade partners but to China, the SITA newswire reported. An analysis by Poštová Banka found that the highest proportion of exported cars went to China, worth nearly €1.3 billion and representing 14.9 percent of total car exports. Germany was second with a 14.2-percent share and €1.2-billion volume, while France occupied third place with a 13.6-percent share worth almost €1.2 billion.
China moved up in the chart of Slovakia's overall trade partners as well. While China's share in Slovak foreign trade was only 0.5 percent in 2005, it rose to 2.6 percent in 2011, Poštová Banka reported.
Exports of automobiles and other motor vehicles last year represented 15 percent of all Slovak exports and had a value of over €8.4 billion. The overall value of goods exported from Slovakia last year exceeded €56.4 billion and more than a half of this amount was concentrated in fifteen export items.
Compiled by Zuzana Vilikovská from press reports
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