Spectator on facebook

Spectator on facebook

Foreign trade surplus of €300 million in January, €4.65 billion in 2014

SLOVAK foreign trade recorded a surplus of €307.4 million in January,  a year-on-year drop of €136.3 million, the Slovak Statistics Office (ŠÚ) announced March 11.

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

Overall exports stood at €5.084 billion in January, which amounts to an annual fall of 2.1 percent, the ŠÚ said. Imports rose by 0.6 percent y-o-y to €4.776 billion.

In 2014, Slovakia’s foreign trade recorded a surplus of €4.649 billion, up by €416.3 million from 2013, the TASR newswire quoted the ŠÚ as reporting. Goods worth €64.801 billion were exported from Slovakia last year, up 1 percent on the year. Total imports amounted to €60.152 billion, an annual rise of 0.4 percent.

Annual increases were seen in exports to Germany (7 percent), the United Kingdom (15.6 percent), France (0.2 percent), Italy (1.3 percent), the Netherlands (9.8 percent), Spain (17.1 percent) and Romania (0.9 percent).  Exports fell to the Czech Republic (-4.3 percent), Poland (-1.8 percent), Austria (-0.3 percent), Hungary (-2.8 percent), Russia (-18.5 percent) and China (-13.9 percent).  

Imports rose from China (4.5 percent), Hungary (5.6 percent), Italy (0.8 percent), and France (6.7 percent), while falls in imports were seen with Germany (- 5.4 percent), the Czech Republic (- 3.7 percent), Russia (- 20 percent), South Korea (- 15.3 percent), Poland (- 1.3 percent) and Austria (- 0.4 percent).

With respect to Slovakia’s main business partners, the biggest surpluses were with Germany (€5.385 billion), the United Kingdom (€2.637 billion), Austria (€2.437 billion), Poland (€2.337 billion), the Czech Republic (€2.010 billion), France (€1.402 billion), Hungary (€1.138 billion), Italy (€1.043 billion) and the Netherlands (€911.3 billion}.

The biggest deficits were measured in trade with South Korea (-€4.271 billion), China (-€3.270 billion), Russia (-€2.836 billion), Japan (-€661.4 million), Malaysia (-€449.2 million), Taiwan (-€426.2 million), Ukraine (-€228.8 million) and India (-€202.2 million).

Topic: Economics


Top stories

Bratislava will be for free again Photo

People can attend a rich programme of Bratislava City Days during the weekend 22-23 April.

This is not a game, and these are not children

If politicians care about the future of the country, they need to offer young protesters with specific demands more than the just same old vague assurances.

Nu Dance festival changes date and the finale coincides with International Dance Day

The festival of contemporary dance has not just moved in time but also from the stage to the streets, encouraging public participation.

Renan Martins: Let Me Die in My Footsteps

(W)Rapping up two worlds in one music

The Fjúžn festival annually presents interesting musical projects from people who cross borders, literally or symbolically. This year, the headliner of the main festival concert on April 22 will be the French-Iraqi…

The Iraqi-French band Aiwa