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Foreign trade surplus on the rise

SLOVAKIA’s foreign trade recorded a surplus of €664.1 million in May, a decrease of €251.7 million in annual terms, the Slovak Statistics Office (ŠÚ) reported on July 9.

SLOVAKIA’s foreign trade recorded a surplus of €664.1 million in May, a decrease of €251.7 million in annual terms, the Slovak Statistics Office (ŠÚ) reported on July 9.

Overall exports from Slovakia reached €5.645 billion in what represents an annual rise of 3.6 percent. Imports dropped by 1.1 percent to €4.981 billion, the TASR newswire quoted from the report. When the first five months of the year are considered, foreign trade surplus amounted to €2.536 billion, a rise of €998.6 million on an annual basis. Exports swelled by 4.2 percent year-on-year to €26.468 billion, with imports rising just slightly, by 0.3 percent in annual terms, to €23.932 billion.

The ŠÚ also released detailed figures for foreign-trade developments in April, when a surplus of €576.6 million was recorded. Imports in the fourth month of the year rose by as much as 10.3 percent year-on-year to €5.628 billion, with imports increasing by 4.5 percent to €5.052 billion.

Over the first four months of the year, the biggest trade surpluses were with Germany (€1.321 billion), Austria (€926.9 million), Poland (€883.3 million) and the Czech Republic (€854.1 million). Conversely, the largest deficits were with South Korea (€1.778 billion), Russia (€1.033 billion), China (€753.9 million) and Japan (€216.2 million).

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