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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Six people involved in the surveillance of journalists, Kočner paid thousands

People who followed journalists for Kočner are trying to rid themselves of guilt.

Peter Tóth

Trump will meet Pellegrini at the White House

The two politicians will discuss defence and economic cooperation this May.

The White House

After historical sights in Slovakia have burned, is there better fire protection?

Kunerad Castle in the Žilina Region has burned down twice in eight years, and Krásna Hôrka is still undergoing construction seven years after burning.

Krásna Hôrka Castle caught fire in March 2012.

Taxpayers still pay for former PM Fico's bodyguards

The Interior Ministry refuses to say why or reveal how much Fico's security costs.

Smer head Robert Fico.