Spectator on facebook

Spectator on facebook

Slovakia’s preliminary trade surplus in August was €261 million

Slovakia’s foreign trade ended the eighth consecutive month with a surplus. Based on preliminary data of the Slovak Statistics Office (ŠÚ), exports in August exceeded imports by €261 million, and thus the trade surplus widened further compared to €170.9 million reported for July.

Slovakia’s foreign trade ended the eighth consecutive month with a surplus. Based on preliminary data of the Slovak Statistics Office (ŠÚ), exports in August exceeded imports by €261 million, and thus the trade surplus widened further compared to €170.9 million reported for July.

Also the cumulative surplus in foreign trade continued widening as from the beginning of the year to the end of August 2013 and already amounts to €3.35 billion. It is only about €240 million less than the surplus for the whole of last year, and the surplus for eight months exceeded the result for the same period from a year ago by almost €1.1 billion.

Slovakia has managed to maintain a positive trade balance despite the continued slowdown of exports, the SITA newswire wrote. Exports fell for the third month in a row in August by 2.2 percent to €4.843 billion. Imports, however, fell even more, by 6.8 percent – to €4.582 billion. On a cumulative basis from the beginning of 2013, exports from Slovakia increased year-on-year by 2.3 percent to €41.689 billion, while imports decreased by 0.4 percent to €38.34 billion. Before the economic downturn of recent years, Slovakia mostly used to have a trade deficit. Over the past three years, its foreign trade rarely resulted in a monthly deficit and Slovakia has reported a cumulative annual trade surplus since 2009, SITA wrote. In 2011, according to revised figures of the Statistics Office, it was nearly €1 billion and last year a record €3.6 billion.

(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.

Top stories

Roma segregation - Slovakia’s evergreen problem

Amnesty International slams Slovakia for discriminating against minorities and for hate speech in its annual report.

JLR plant, cheap mortgages alter market

In the sector of industrial real estate attention is focused on Nitra and its vicinity, where Jaguar Land Rover (JLR) is building a new plant.

Slovak drama of the early 20th century goes English

Visual art, dance and music are universal means of expression; drama, on the other hand, is determined and limited by the language it is performed in. To offer the world at least a taste of Slovak drama, the Theatre…

L-R: Diana Mórová (Eva), Kamila Magálová (Matka), Ján Koleník (Bača Ondrej) in Ivan Stodola's play Shpeherd's Wife in the Slovak National Theatre

North-south gas interconnection moves closer

Slovak gas projects will receive finances from the European Union.

The gas pipeline operator Eustream is the biggest taxpayer in Slovakia.