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Foreign trade balance in surplus

THE TOTAL export of goods stood at €5.9819 billion in October, down by 3.9 percent year-on-year, while the total import of goods dropped by 5.9 percent y/y to €5.4624 billion. The foreign trade balance was in surplus in the amount of €519.4 million, up by €96.8 million compared to October 2013, the data published by the Statistics Office on December 9 showed.

THE TOTAL export of goods stood at €5.9819 billion in October, down by 3.9 percent year-on-year, while the total import of goods dropped by 5.9 percent y/y to €5.4624 billion. The foreign trade balance was in surplus in the amount of €519.4 million, up by €96.8 million compared to October 2013, the data published by the Statistics Office on December 9 showed.

Over the first 10 months of 2014, compared with the corresponding period last year, the total export of goods rose by 1.2 percent to €54.0424 billion and the total import by 0.6 percent to €49.6309 billion. The foreign trade balance was in surplus in the amount of €4.4115 billion, up by €373.6 million y/y.

In September, compared to last year, the total export of goods was reduced by 1.3 percent to €5.7472 billion and the total import by 2.1 percent to €5.2107 billion. The foreign trade balance was in surplus and amounted to €536.5 million, up by €32.9 million compared to September 2013.

During the first nine years of the year, the foreign trade balance was in surplus in the amount of €3.8921 billion, according to ŠÚ.

Slovakia had the highest balance surplus with Germany (€4.0339 billion), the United Kingdom (€2.0106 billion), Austria (€1.8675 billion), Poland (€1.7184 billion), the Czech Republic (€1.4518 billion), France (€1.0726 billion), Hungary (€861.3 million), Italy (€757.6 million) and the Netherlands (€674.2 million).

The largest balance deficit was recorded in the foreign-trade activity with the Republic of Korea (€3.2166 billion), the Russian Federation (€2.1928 billion), China (€2.1766 billion), Japan (€454.3 million), Malaysia (€311.4 million), Taiwan (€281.6 million) and Ukraine (€202.2 million).

Goods valued at €48.0606 billion were exported from the Slovak Republic. Compared with the same period of 2013, total export rose by 1.9 percent. Goods valued at €44.1685 billion were imported to the Slovak Republic with a year-on-year growth by 1.4 percent, ŠÚ informed.

Source: Statistics Office website

Compiled by Radka Minarechová from press reports

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