Slovakia still imports many agricultural products

The negative trade balance increased based on annual comparison.

(Source: Sme)

Slovakia imported more agricultural and food products during the first five months of 2016 than it exported. The foreign trade balance of these goods was negative, amounting to €600 million, which is more than 35 percent higher year-on-year.

The negative balance increased in the case of groceries, beverages and tobacco by 14.3 percent y/y, while in the case of animal products it rose by 47.2 percent y/y and of plant products by 157.3 percent y/y. On the other hand, it dropped in the case of fats and oils by 12.2 percent, the TASR newswire reported, referring to the data of the Slovak Agricultural and Food Chamber (SPPK).

Read also:Foreign trade surplus grows Read more 

The imports of agricultural and food products during the first five months of 2016 amounted to €1.668 billion, up by 7.1 percent y/y.

The agricultural firms exported goods valued in total at €1.069 billion, which is 4.2 percent less than the previous year. While the exports of plant products dropped by 12 percent y/y, the export of animal products fell by 7 percent y/y, and fats and oils by 4.5 percent y/y. Only the export of groceries, beverages and tobacco rose, by 4.7 percent y/y, TASR wrote.

Get daily Slovak news directly to your inbox

Theme: Economics

Read more articles by the topic

Top stories

News digest: High-profile arrests and discussion on reopening schools continues

PM Matovič proposes pilot testing for schools. Slovakia will have the very first Slovak ambassador to the EU.

PM Igor Matovič has stepped into the debate about opening the schools for older children.

Another former police president reportedly charged in a corruption case

NAKA charged eight former high-ranking police, SIS and Financial Administration officials.

Milan Lučanský

Matovič could have made comments about the US rather than Mongolia

I am proud of what has been achieved in Slovakia, says Billy Altansukh.

Older children will not return to schools before Christmas

PM Igor Matovič still wants some pupils to return, he proposed a pilot testing plan.

The school in Trebišov.