Spectator on facebook

Spectator on facebook

Foreign trade had record surplus last year

FOREIGN trade of Slovakia ended in record surplus in 2014, according to the preliminary data of the Statistics Office.

Car manufacturing was a big component of export.(Source: TASR)

The total surplus was €4.673 billion, the SITA newswire quoted the Slovak Statistic Office (ŠÚ) on February 9, thus beating the historically biggest surplus of 2013 - €4.232 bln. The total import increased year-on-year only slightly; in 0.3 percent to €60.107 billion, and the total export was higher by 0.9 percent y-o-y, at €64.78 bln.

In December only, the balance of foreign trade ended in deficit of €19.6 million, which was the first decrease y-o-y since the end of 2013. The December import amounted to €4,831 mln with the annual increase at 2.2 percent, while exports increased that month by 3.3 percent, to €4.811 mln.

In November 2014, compared with the same period of 2013, the total export of goods was reduced by 5.8 percent to €5,781.3 million and the total import of goods by 8.3 percent to €5,384.3 million. The foreign trade balance was in surplus and amounted to €397 million (by €133,8 million higher than in November 2013). From January to November 2014, the foreign trade balance was in surplus of €4,693 million (by €391.8 million higher than in the corresponding period of 2013).

Slovakia had the highest balance surplus with Germany (€5,054.6 million), the United Kingdom (€2,461.2 million), Austria (€2,256.6 million), Poland (€2, 213.7 million), the Czech Republic (€1,879.9 million), France (€1,303.2 million), Hungary (€1,058.7 million), Italy (€991.8 million), the Netherlands (€831.7 million) and Spain (€620.3 million), the ŠÚ informed. The largest balance deficit was recorded in the foreign-trade activity with the Republic of Korea (€3,937.2 million), China (€2,917.1 million), Russia (€2,655.3 million), Japan (€595.6 million), Malaysia (€406.9 million), Taiwan (€382.1 million), Ukraine (€220.3 million) and India (€189.6 million).

Goods valued at €59,969.1 million were exported from Slovakia; compared with the same period of 2013, total exports rose by 0.8 percent.

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

Touring wine cellars in Bratislava Photo

Nearly 30 wine cellars and wineries were opened in the boroughs of Rača, Nové Mesto, Vajnory and Devín during the first edition of Po Bratislavských Vínnych Pivniciach event.

Wine tasting in Pivnica u Štefana in Devín.

How to elect your mayor

When you live in a small village, you don't care about Bratislava. At home, everything is at stake.

Home (for a rest)

Returning from exile is a fine thing, but no one talks about how exhausting it is.

We want a decent Slovakia, people chanted in squares

On the eve of the Velvet Revolution anniversary, people protested in the thousands, calling for a decent Slovakia.

Bratislava protest November 16, 2018