Slovakia’s trade surplus reached €523 million in June

SLOVAKIA’s monthly trade surplus in June rose to €522.8 million, an increase by €31.2 million compared to May, preliminary data show, as cited by the SITA newswire.

SLOVAKIA’s monthly trade surplus in June rose to €522.8 million, an increase by €31.2 million compared to May, preliminary data show, as cited by the SITA newswire.

In annual terms, the monthly trade surplus was €127.8 million higher.

The Statistics Office released the preliminary data on August 11.

The data further show that declining imports and a slight increase in exports were responsible for the rising surplus. Year-on-year, imports fell by 0.7 percent to €4.82 billion, and exports increased by 1.8 percent to €5.343 billion, SITA wrote.

Cumulatively for the first half of this year, Slovakia’s trade surplus was €2.555 billion, which is €219 million less than a year ago. While total exports for the first six months of this year increased by 2.3 percent to €32.378 billion, total imports were higher by 3.3 percent, at €29.823 billion.

Foreign trade thus continues in 2014 with similarly high surpluses as in previous years. According to analysts, it can be expected again this year that foreign trade will end with a sizeable surplus. Unlike in the previous period, however, imports could be encouraged by reviving domestic demand, so it is questionable whether the full-year surplus will reach similar levels as last year, SITA reported. Foreign trade ended 2013 in a record surplus, revised according to the Statistics Office to almost €4.3 billion.

Source: SITA

Compiled by Michaela Terenzani 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

Slovak wines do great abroad, but inspectors see them as unfit at home

Slovak legislation does not recognise orange and cloudy wines. As a result, inspectors remove them from the shelves of stores in Slovakia.

Michelin-starred restaurants buy Slovak wines while inspectors in Slovakia remove some of them from the shelves of stores

This is not even the end of the beginning

Somehow Boris Johnson sold himself as the least tiresome.

The UK is like a flatmate who promised to move out, but just never leaves. In the meantime, they keep stealing beer from the refrigerator while complaining about how it tastes.

Economy minister: A gas crisis may come after the New Year

Slovakia will probably have to use all measures possible to secure supplies.

Gas storage facility in Gajary.

Tragedy in Prešov and bad news for Kočner from the U.S.

It’s less than three months before the general election and the chairmen of two major parties are facing criminal prosecution.