Slovakia posts second-highest trade surplus in a decade

It's due to car sales, analysts say.

Most cars produced in Slovakia head for export.Most cars produced in Slovakia head for export. (Source: Courtesy of Kia Motors Slovakia)

In September, the export of goods from Slovakia exceeded total imports by €707.9 million, making it the second-highest trade surplus since 2010, after this year's
June record
.

According to the Statistics Office, increased car exports had the biggest impact on the surplus for September.

Ľubomír Koršňák, an analyst of the UniCredit Bank Czech Republic and Slovakia, said that September is typically a good month for foreign trade, when the end of summer holiday season brings improvements. This has also happened this year.

Koršňák noted it was not just the stronger car exports, but also prices on the imports side, namely the lower price for oil year-on-year, and the lower domestic demand.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

“My Sunny Maad”, a Czech-French-Slovak animated drama about a Czech woman married to an Afghan who decide to live in post-Taliban Afghanistan, is now screened in Slovak cinemas.

Weekend: German adventurer is walking to Iran, with his stubborn donkey

Jazz music is taking over Bratislava this weekend.


22. okt
Opening of the time capsule of Michael's Tower.

Time capsule stored in Bratislava's St Michael statue 176 years ago reveals its secrets

The public can see the items found in the box in the Bratislava City Museum at the Old Town Hall this weekend.


22. okt
About 100 to 110 Tatra chamois live in the NAPANT national park, central Slovakia, but only two are white.

New Low Tatras attraction fascinates and worries hikers

Two white chamois have been observed in the national park, but their colour exposes them to danger.


21. okt

News digest: Slovakia marks anniversary of one of its biggest accidents in water transport

People are obliged to show Covid passes, the Bratislava's Old Town promotes its most beautiful trees and construction of the traditional ice house in the High Tatras has started.


22. okt
Skryť Close ad