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Foreign trade detailed data in August 2020 and in the first eight months of 2020

Foreign trade detailed data in August 2020 and in the first eight months of 2020

Last update: 09.11.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 09.11.2020

In August, compared to the same period last year, total exports of goods increased by 5,4 % to EUR 6 208,9 million and total imports decreased by 2,7 % to EUR 5 898,6 million. The balance of foreign trade was in surplus in the amount of EUR 310,3 million.

In January to August 2020, the foreign trade balance was in surplus in the amount of EUR 827,6 million (by EUR 343,7 million higher than in the same period last year).

The Slovak Republic recorded the highest surplus with Germany (EUR 2 540,6 million), France (EUR 1 534,9 million), the United Kingdom (EUR 1 291,3 million), Austria (EUR 1 278,3 million), Poland (EUR 1 121,9 million), the USA (EUR 927,6 million), Hungary (EUR 790,2 million), the Czech republic (EUR 534,6 million), Italy (EUR 499,5 million), Romania (EUR 488,3 million) and Sweden (EUR 427,2 million). The largest deficit was recorded with Vietnam (EUR 2 371,7 million), the Republic of Korea (EUR 2 005,8 million), China (EUR 1 804,3 million), the Russian Federation (EUR 1 551,1 million), Malaysia (EUR 285,1 million), Taiwan (EUR 201,6 million) and Japan (EUR 146,9  million).

Goods in the amount of EUR 46 063 million were exported from the Slovak Republic. Compared to the same period of 2019, total exports decreased by 12,1 %.

In terms of goods, the highest decrease was recorded in export of motor cars and other motor vehicles principally designed for transport of persons by EUR 1 574,8  million, parts and accessories of motor vehicles by EUR 484,3 million, monitors and projectors, reception apparatus for television by EUR 370,7  million, flat rolled products of iron or non-alloy steel, hot rolled by EUR 244,1 million EUR and electrical lightning or signalling equipment by EUR 220,8 million. The highest increase was recorded in export of medicaments for retail sale by EUR 51 million and other lifting and handling equipment and machinery such as lifts, escalators, teleferics and conveyors by EUR 50,7 million.

As regards the most important trading partners, exports to Germany decreased by 13,2 %, the Czech Republic by 14,3 %, Poland by 5,6 %, France by 7,6 %, Hungary by 9,7 %, Austria by 10,6 %, the United Kingdom by 21,7 %, Italy by 21,2 %, the United States of America by 17,4 %, Romania by 13 %, Spain by 25,4 % and the Netherlands by 7 %. Export to China rose by 1,7 %.

In terms of the main economic groupings, exports to EU countries decreased by 12,2 % (representing  79,2 % of total exports of the SR) and to OECD countries by 12,4 % (representing 87,6 % of total exports of the SR).

Goods in the amount of EUR 45 235,4 million were imported to the Slovak Republic, with a year-on-year decrease of 12,8 %.

In terms of goods, imports of parts and accessories of motor vehicles decreased the most by EUR 1 091,1 million, motor cars and other motor vehicles principally designed for the transport of persons by EUR 439,7 million, wires and cables by EUR 395,4 million, petroleum gases and other gaseous hydrocarbons by EUR 351,3 million and seats, whether or not convertible into beds by EUR 328,8 million. Imports of electric accumulators including their separators increased more significantly by EUR 407,3 million, medicaments for retail sale by EUR 114,7 million and monitors, projectors and television apparatus by EUR 111,9 million.

In relation to the most important trading partners, imports from Germany decreased by 12,1 %, the Czech Republic by 17,4 %, China by 5,4 %, Poland by 13,6 %, Vietnam by 8,1 %, the Russian Federation by 25,1 %, the Republic of Korea by 23,1 %, Hungary by 18,5 %, France by 7,7 %, Italy by 20,2 % and Austria by 18,6 %.

In terms of main economic groupings, compared to the same period of 2019, imports from EU countries decreased by 11,6 % (representing 66,5 % of total imports) and from OECD countries by 15,5 % (representing 64,8 % of total imports of the SR ).


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 Di-rectorate of the SR obtained within the customs clearance and INTRASTAT-SK declarations, which are provided by consignee and consignor of goods.
EU data are without the United Kingdom since January 2020. The data for the OECD have included Colombia since January 2020 (it has been a member of the OECD since 28.4.2020).

 

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