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Cars accounted for one sixth of Slovakia’s exports last year

Slovakia exported goods worth €62.8 billion last year, proving that the country’s exports focus on only a handful of sectors, according to the analysis by Poštová Banka. Cars, TV sets, LCD screens and mineral oils accounted for as much as 30 percent of Slovak exports, the TASR newswire reported on April 27.

Slovakia exported goods worth €62.8 billion last year, proving that the country’s exports focus on only a handful of sectors, according to the analysis by Poštová Banka. Cars, TV sets, LCD screens and mineral oils accounted for as much as 30 percent of Slovak exports, the TASR newswire reported on April 27.

Car exports stood at €10.3 billion, a large number of which went to Germany, France, China and the United Kingdom. TVs and LCD screens made up one-twelfth of exports, with the respective figure standing at €5.1 billion. The chief importers of these items were Germany, the United Kingdom and Poland.

The vast majority (83.8 percent) of Slovak exports went to fellow European Union countries in 2012. Germany accounted for 21.3 percent of the total, followed by the Czech Republic on 14.1 percent. Regarding non-EU countries, Russia topped the list (4.2 percent) followed by China.

While the share of the latter country in Slovakia’s exports was a mere 0.8 percent in 2007, the figure went up to 2.1 percent last year. More than 10 percent of Slovakia’s car exports were destined for China, and it is the automotive sector that accounts for the significant rise in exports to that country, TASR reported.

Source: TASR

Compiled by Radka Minarechová from press reports

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