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.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.

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