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Foreign trade development in November 2021 and in the first eleven months of 2021
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Foreign trade development in November 2021 and in the first eleven months of 2021

Last update: 07.01.2022
ilustratívny obrázok/illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 07.01.2022

 


In November 2021, total exports of goods amounted to EUR 8.4 billion,  a year-on-year growth of 10.5 % was recorded. Total imports of goods increased by 14.2 % to EUR 8.4 billion. The foreign trade balance was in deficit in the amount of EUR 23.1 million.

In January-November 2021, compared to the same period last year, total exports of goods increased by 16 % to EUR 80.6 billion and total imports by 18.7 % to EUR 78.7 billion. The foreign trade balance was in surplus in the amount of EUR 2 billion (by EUR 1.2 billion lower than in the same period last year).

In January-November 2021, compared to the same period last year, exports to EU Member States increased by 17.6 % and accounted for 79.9 % of total exports. Imports from EU Member States represented 64.9 % of total imports and increased by 15.4 % year on year.

In January-November 2021, compared to the same period last year, exports to non-EU countries increased by 10.3 % and accounted for 20.1% of total exports. Imports from non-EU countries represented 35.1% of total imports and increased by 25.2 % year on year.

The most traded SITC class in the foreign trade of the SR were Machinery and transport equipment with a share of 61.2 % in total exports and 48 % in total imports.

In November 2021, after seasonal adjustment of data1), total exports of goods reached the value of EUR 7.5 billion, a year-on-year growth of 5.8% was recorded. Total imports of goods increased by 10.9 % to EUR 7.4 billion. The foreign trade balance was in surplus in the amount of EUR 98.7 million (by EUR 319.8 million lower than in November 2020).


Note: Data are at current prices in FOB type value.  The information was prepared by the Statistical Office of the SR on the basis of data from the Customs Section of the Financial Directorate of the SR collected from the customs procedure and INTRASTAT-SK reports provided by consignees and consignors of goods. 

1)Seasonal analysis is performed by DEMETRA software.

 

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