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Foreign trade detailed data in November and for the first eleven months of 2019

Foreign trade detailed data in November and for the first eleven months of 2019

Last update: 07.02.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 07.02.2020

In November 2019, compared with the corresponding period in 2018, the total export of goods decreased by 3,7 % to EUR 7 358,6 million and the total import by 4,7 % to EUR 7 229,5 million. The foreign trade balance was in surplus in the amount of EUR 129,1 million (by EUR 79,3 million higher than in November 2018).

 In January-November 2019, the foreign trade balance was in surplus in the amount of EUR 1 139,9 million.

The Slovak Republic recorded the highest active balance with Germany (EUR 4 900,6 million),  the United Kingdom (EUR 2 604,2 million), France (EUR 2 552,9 million), Austria (EUR 1 791,7 million), USA (EUR 1 484,5 million),  Poland (EUR 1 390,3 million), Spain (EUR 1 025,6 million), Italy (EUR 1 017,5 million), Hungary (EUR 882,9 million), the Czech Republic (EUR 808,9 million) and Romania (EUR 730,4 million).

The largest passive balance was recorded with Vietnam (EUR 3 769,8 million), the Republic of Korea (EUR 3 656,8 million), China (EUR 2 997,3 million),  the Russian Federation (EUR 2 728,7 million),  Malaysia (EUR 440,9 million), Taiwan (EUR 351,4 million) and Japan (EUR 347,6 million).

Goods in the amount of EUR 74 675,9 million were exported from the Slovak Republic. Compared with corresponding period of 2018, the total export grew by 1,6 %.

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 2 294,5 million, air or vacuum pumps, air or other gas compressors and fans by EUR 146,4 million, centrifuges, including centrifugal dryers by EUR 136,5 million and electrical transformers, static converters and inductors by EUR 122 million.

The highest decrease was recorded in export of telephone sets including telephones for cellular networks by EUR 511 million, petroleum oils and oils obtained from bituminous minerals, other than crude by EUR 258,8 million, flat rolled products of iron or non-alloy steel,  hot rolled by EUR 196,7 million and semi-finished products of iron or non-alloy steel by EUR 165,3 million.

Relating the most significant trade partners, export increased to Germany by 2 %, France by 9,7 %, Hungary by 7,5 %, United Kingdom by 13,2 %, Romania by 4,1 % and China by 31,1 %. Export to the Czech Republic decreased by 4,4 %, Poland by 1 %, Austria by 1,7 %, Italy by 18,2 %, USA by 0,5 %, Spain by 0,1 %,  the Netherlands by 4,1 % and the Russian Federation by 5,5 %.

In terms of the main economic groupings, the export to the EU countries rose by 0,7 % (it represented 84,4 % of the total export of the SR) and to the OECD countries by 0,9 % (it represented 87,9 % of the total export of the SR).  

Goods in the amount of EUR 73 536 million were imported to the Slovak Republic with a year-on-year growth of 3,7 %.

In terms of goods, an increase was registered in import of parts and accessories of the motor vehicles by EUR 1 450,3 million, seats, whether or not convertible into beds and parts thereof by EUR 224,2 million, wires and cables by EUR 216,8 million and monitors and projectors, reception apparatus for television by EUR 150,5 million.  

The significant drop was recorded in import of petroleum oils and oils obtained from bituminous minerals, crude by EUR 338,5 million,  telephone sets including telephones for cellular networks by EUR 259,4 million and products with liquid crystals by EUR 147 million.

In relation to the most significant trade partners, the import increased from the Czech Republic by 2 %, China by 8,5 %, Poland by 5,3 %, Hungary by 17,5 %, France by 15,4 %, Italy by 0,3 % and Austria by 5,6 %.  Import from Germany decreased by 6,9 %, the Russian Federation by 1,6 %, the Republic of Korea by 5,1 % and Vietnam by 9,4 %.

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


Note: Data are 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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