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Foreign trade detailed data in October and for the first ten months of 2019

Foreign trade detailed data in October and for the first ten months of 2019

Last update: 09.01.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 09.01.2020

In October 2019, compared with the corresponding period in 2018, the total export of goods increased by 1,9 % to EUR 7 825 million and the total import by 1,3 % to EUR 7 467,8 million. The foreign trade balance was in surplus in the amount of EUR 357,2 million (by EUR 53,2 million higher than in October 2018).

 In January-October 2019, the foreign trade balance was in surplus in the amount of EUR 1 021,7 million.

The Slovak Republic recorded the highest active balance with Germany (EUR 4 415 million),  the United Kingdom (EUR 2 470,9 million), France (EUR 2 216,9 million), Austria (EUR 1 629,2 million), USA (EUR 1 360 million),  Poland (EUR 1 248,1 million), Italy (EUR 934,1 million), Spain (EUR 919,4 million), Hungary (EUR 847,9 million), the Czech Republic (EUR 734,8 million) and Romania (EUR 634 million).

The largest passive balance was recorded with Vietnam (EUR 3 360,6 million), the Republic of Korea (EUR 3 293,7 million), China (EUR 2 623,3 million),  the Russian Federation (EUR 2 518,9 million),  Malaysia (EUR 392 million), Japan (EUR 323,7 million) and Taiwan (EUR 313,9 million).

Goods in the amount of EUR 67 307 million were exported from the Slovak Republic. Compared with corresponding period of 2018, the total export grew by 2,2 %.

In terms of goods, an increase was recorded in export of motor cars and other motor vehicles principally designed for transport of persons by EUR 2 182,9 million, air or vacuum pumps, air or other gas compressors and fans by EUR 145,8 million, centrifuges, including centrifugal dryers by EUR 132 million and electrical transformers, static converters and inductors by EUR 130 million.

The highest decrease was recorded in export of telephone sets including telephones for cellular networks by EUR 468,1 million, petroleum oils and oils obtained from bituminous minerals, other than crude by EUR 271,9 million, semi-finished products of iron or non-alloy steel by EUR 161,9 million and flat rolled products of iron or non-alloy steel,  hot rolled by EUR 140,9 million.

Relating the most significant trade partners, export increased to Germany by 1,3 %, Poland by 0,6 %, France by 8,9 %, Hungary by 8,8 %, United Kingdom by 19,1 %, USA by 5,6 %, Romania by 3,3 % and China by 33,5 %.  Export to the Czech Republic decreased by 3,2 %, Austria by 1,4 %, Italy by 19,3 %, the Netherlands by 3,6 % and the Russian Federation by 5,9 %.

In terms of the main economic groupings, the export to the EU countries rose by 1,1 % (it represented 84,3 % of the total export of the SR) and to the OECD countries by 1,4 % (it represented 87,9 % of the total export of the SR).  

Goods in the amount of EUR 66 285,4 million were imported to the Slovak Republic with a year-on-year growth of 4,6 %.

In terms of goods, an increase was registered in import of parts and accessories of the motor vehicles by EUR 1 434,7 million, wires and cables by EUR 251,9 million, seats, whether or not convertible into beds and parts thereof by EUR 216,8 million, monitors and projectors, reception apparatus for television whether or not incorporating radio-broadcast receivers by EUR 132,6 million and compression-ignition internal combustion piston engines by EUR 130 million.

The significant drop was recorded in import of petroleum oils and oils obtained from bituminous minerals, crude by EUR 240,3 million,  telephone sets including telephones for cellular networks by EUR 198 million and products with liquid crystals by EUR 139,5 million.

In relation to the most significant trade partners, the import increased from the Czech Republic by 2,5 %, China by 8,8 %, Poland by 6,3 %, the Russian Federation by 1,8 %, Hungary by 20,6 %, France by 15,2 %, Italy by 0,2 % and Austria by 6,3 %. Import from Germany decreased by 7 %, the Republic of Korea by 4,8 % and Vietnam by 8,7 %.

In terms of the main economic groupings, the import from the EU countries grew by 5,9 % (it represented 67,3 % of the total import) and from the OECD countries by 2,1 % (it represented 65,4 % of the total import of the SR), compared with the corresponding period of 2018.


Note: Data are preliminary at current prices in the FOB-type value. Information was processed by the Statistical Office of the SR on the basis of data from the Customs Section of the Financial Directorate of the SR obtained within the customs clearance and INTRASTAT-SK declarations, which are provided by consignee and consignor of goods.
Since January 2018, Lithuania (from 5th July 2018 as the OECD member) is included in OECD data.

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