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
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
9. Dec 2014 at 14:00