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Foreign trade detailed data in February and for the first two months of 2019

Foreign trade detailed data in February and for the first two months of 2019

Last update: 09.05.2019
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 09.05.2019

In February 2019, compared with the corresponding period last year, the total export of goods increased by 7,6 % to EUR 6 698,7 million and the total import rose by 6 % to EUR 6 375,8 million. The foreign trade balance was in surplus in the amount of EUR 322,9 million (by EUR 108,9 million higher than in February last year).

 In January-February 2019, the foreign trade balance was in surplus in the amount of EUR 630,5 million (by EUR 381,4 million higher than in the corresponding period last year).

The Slovak Republic had the highest active balance with Germany (EUR 1 000,8 million),  the United Kingdom (EUR 550,9 million), USA (EUR 482,6 million),  France (EUR 428,7 million), Austria (EUR 377,2 million), Poland (EUR 318,3 million), Italy (EUR 305,1 million), Spain (EUR 168,7 million), the Czech Republic (EUR 164,9 million), and Romania (EUR 133,1 million).

The largest passive balance was recorded with the Republic of Korea (EUR 701,5 million),Vietnam (EUR 590,4 million), China (EUR 503,6 million), the Russian Federation (EUR 430 million), Malaysia (EUR 76,2 million), Japan (EUR 67,3 million), Ukraine (EUR 65,9 million) and Taiwan (EUR 61,7 million).

Goods in the amount of EUR 13 445,7 million were exported from the Slovak Republic. Compared with corresponding period of 2018, the total export grew by 10,4 %.

In terms of goods, the increase was recorded in export of motor cars and other motor vehicles principally designed for transport of persons by EUR 1 198,5 million, air or vacuum pumps, air or other gas compressors and fans by EUR 62,9 million, unrefined copper; copper anodes for electrolytic refining by EUR 57,2 million and electrical lighting or signalling equipment by EUR 40,1 million.

The highest decrease was recorded in export of telephone sets including telephones for cellular networks by EUR 211,9 million and automatic data-processing machine and units thereof by EUR 47,8 million.

Relating the most significant trade partners, export increased to Germany by 13,9 %, the Czech Republic by 0,2 %, Poland by 6,6 %, France by 10,2 %, United Kingdom by 17,4 %, Austria by 11,7 %, Hungary by 1,6 %, USA by 130,6 %, Romania by 13 %, the Netherlands by 2,2 %, China by 88,3 % and the Russian Federation by 14,9 %. Export to Italy dropped by 24,9 % and Spain by 2,5 %.

In terms of the main economic groupings, the export to the EU countries rose by 5,8 % (it represented 83,7 % of the total export of the SR) and to the OECD countries by 9,2 % (it represented 88,8 % of the total export of the SR).  

Goods amounted to the value of EUR 12 815,3 million were imported to the Slovak Republic with a year-on-year growth of 7,4 %.

In terms of goods, the increase was registered in import of parts and accessories of the motor vehicles by EUR 636,5 million, wires and cables by EUR 119,9 million, compression-ignition internal combustion piston engines by EUR 89,8 million and seats, also convertible into beds by EUR 55,3 million.

The significant drop was recorded in import of telephone sets including telephones for cellular networks by EUR 185 million, parts and accessories suitable for transmission apparatus for radio-broadcasting or television by EUR 92,9 million, products of liquid crystals by EUR 81,2 million and petroleum oils and oils obtained from bituminous minerals, crude by EUR 59,5 million.

In relation to the most significant trade partners, the import increased from Germany by 8 %, the Czech Republic by 6,9 %, Poland by 3,2 %, Hungary by 18,5 %, France by 4,4 %, Italy by 1,2 % and Austria by 8,2 %. Import from China decreased by 9,7 %, the Republic of Korea by 3,5 %, the Russian Federation by 3,1 % and Vietnam by 25,9 %.

In terms of the main economic groupings, the import from the EU countries grew by 14,7 % (it represented 68 % of the total import) and from the OECD countries by 6,5 % (it represented 64,7 % of the total import of the SR), compared with the corresponding period of 2017.


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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