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Foreign trade in surplus in November

SLOVAKIA continued posting a surplus in its foreign trade balance in November 2013 when it stood at €314 million, about the same as last year. In monthly terms however the surplus dropped by more than €166 million, according to the preliminary data of the Statistics Office.

SLOVAKIA continued posting a surplus in its foreign trade balance in November 2013 when it stood at €314 million, about the same as last year. In monthly terms however the surplus dropped by more than €166 million, according to the preliminary data of the Statistics Office.

The exports increased by 4.6 percent year-on-year to €6.09 billion, while the imports went up by 4.8 percent to €5.776 billion.

Analysts with the currency department of the National Bank of Slovakia (NBS) say that big companies were primarily behind an annual increase in exports, the SITA newswire reported.

Imports grew in the carmaking sector, and in computer, electronic and optic products. The imports of retail chains increased moderately, the NBS commentary reads, as reported by SITA.

During first 11 months of 2013 the total exports increased by 3.4 percent year-on-year to €59.756 billion, with total imports reaching €55.175 billion, by 1.5 percent more than in previous year. Accumulative surplus stood at €4.58 billion, an annual increase by €1.104 billion, SITA wrote.

Source: SITA

Compiled by Radka Minarechová from press reports

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