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Foreign trade development in January 2020

Foreign trade development in January 2020

Last update: 10.03.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 10.03.2020

 

 


In January 2020, the total export of goods reached the value of EUR 6 682,2 million with a 0,8 % year-on-year decrease. The total import of goods increased by 1 % to EUR 6 654,6 million. The foreign trade balance was in surplus in the amount of EUR 27,6 million (by EUR 123,9 million lower than in the corresponding period in 2019).

In January 2020, compared with the corresponding period in 2019, export to the EU Member States increased by 1,5 % and it represented 86 % of the total export. Import from the EU Member States represented 67,4 % of the total import and it year-on-year grew by 6,3 %.

In January 2020, compared with the corresponding period in 2019, export to the non-EU Member States decreased by 12,9 % and it represented 14 % of the total export. Import from the non-EU Member States represented 32,6 % of the total import and it year-on-year decreased by 8,3 %.

In the foreign trade of the SR, the most traded SITC section was Machinery and transport equipment with a share of 63,3 % of the total export and 50,3 % of the total import. 

In January 2020, after seasonal adjustment, the total export of goods reached the amount of EUR 6 948,9 million with a year-on-year increase by 0,3 %.  The total import of goods increased by 3,2 % to EUR 6 939,2 million. The foreign trade balance was in surplus in the amount of EUR 9,7 million (by EUR 194,4 million lower than in January 2019).


Note: data are at current prices, in the FOB-type value. Detailed data will be published, according to the First Release Calendar, on 9th April 2020. 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.
The seasonal analysis is carried out by the DEMETRA software.

 

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