Slovakia's foreign trade ends July with surplus

Slovak foreign trade ended with a surplus in July. Although according to preliminary data from the Slovak Statistics Office (ŠÚ), the surplus decreased by €255 million to €204.3 million compared to June, it still increases this year’s record cumulative surplus.

Slovak foreign trade ended with a surplus in July. Although according to preliminary data from the Slovak Statistics Office (ŠÚ), the surplus decreased by €255 million to €204.3 million compared to June, it still increases this year’s record cumulative surplus.

In the first seven months of 2013, Slovakia’s trade surplus already reached €3.15 billion, which meant an increase by more than €900 million over a year ago, the SITA newswire wrote.

In July, Slovak exports fell for the second consecutive month. While in June they were down by 2.5 percent, in July the annual decline slowed to 0.7 percent when Slovakia exported goods worth €5.005 billion. By contrast, after the June drop of 3.5 percent, imports in July returned to annual an growth of 2.7 percent. But even this did not harm the trade surplus in July, as total imports that month reached only €4.801 billion. From the beginning of this year, exports from Slovakia reached €36.849 billion, cumulatively. Compared to last year, exports increased by 2.9 percent. Overall for seven months of 2013, imports grew by 0.4 percent. In nominal terms, Slovakia’s imports totalled €33.699 billion.

(Source: SITA)
Compiled by Zuzana Vilikovská from press reports
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