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Foreign trade detailed data in June 2020 and in the first six months of 2020

Foreign trade detailed data in June 2020 and in the first six months of 2020

Last update: 08.09.2020
ilustratívny obrázok/illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 08.09.2020

In June, compared with the corresponding period last year, the total export of goods increased by 0,3 % to EUR 6 491 million and the total import decreased by 7,8 % to EUR 5 754,9 million. Foreign trade balance was in surplus in the amount of EUR 736,1 million (by EUR 506,4 million higher than in June 2019).

In January-June 2020, foreign trade balance was in surplus in the amount of EUR 166,6 million (by EUR 750,2 million lower than in the corresponding period last year).

The Slovak Republic recorded the highest balance in surplus with Germany (EUR 2 059,5 million), the United Kingdom (EUR 1 083,2 million), France (EUR 1 062,1 million), Austria (EUR 905,6 million) , Poland (EUR 806,5 million), the USA (EUR 524,5 million), Hungary (EUR 513,3 million), Italy (EUR 407,3 million), the Czech Republic (EUR 371,9 million), Romania (EUR 335,7 million) and Spain (EUR 331,8 million). The largest deficit was with the Republic of Korea (EUR 1 715,2 million), Vietnam (EUR 1 681,5 million), China (EUR 1 540 million), the Russian Federation (EUR 1 245,5 million), Malaysia (EUR 184,3 million), Taiwan (EUR 150,9 million) and Japan (EUR 120,2 million).

Goods in the amount of EUR 33 839 million were  exported from the Slovak Republic. Compared with corresponding period of 2019, the total export decreased by 16,9 %.

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 2 550,1 million, parts and accessories of motor vehicles by EUR 479 million, monitors and projectors, reception apparatus for television by EUR 460,4 million, flat-rolled products of iron or non-alloy steel, hot rolled by EUR 222,5 million and new rubber tires by EUR 200,1 million.

The highest increase was recorded in export of structure and their parts of iron and steel by EUR 48,1 million and medicaments for sale at retail by EUR 40,3 million.

As regards the most significant trade partners, export to Germany and the United Kingdom decreased by 18,9 %, the Czech Republic and France by 17,3 %, Poland by 9,4 %, Hungary by 11,6 %, Austria by 13,9 %, Italy by 25,7 %, the USA by 39,6 %, Spain by 27,9 %, Romania by 20,7 % and the Netherlands by 8,1 %.

In terms of the main economic groupings, export to the EU countries decreased by 16,5 % (it represented 79,5 % of the total export of the SR) and to the OECD countries by 17,1 % (it represented 87,9 % of the total export of the SR).  

Goods in the amount of EUR 33 672,4 million were  imported to the Slovak Republic with a year-on-year decrease of 15,4 %.

In terms of goods, the highest decrease was recorded in import of parts and accessories of motor vehicles by EUR 1 184,5 million, motor cars and other motor vehicles principally designed for transport of persons by EUR 450,3 million, wires and cables by EUR 390,7 million,  seats, whether or not convertible into bed by EUR 309,2 million and telephone sets and telephones for cellular networks or for other wireless network by EUR 259 million,. There was a more considerable increase in import of electric accumulators, including separators by EUR 294,7 million and medicaments for sale at retail by EUR 86,7 million.

In relation to the most significant trade partners, import from Germany decreased by 18,7 %, the Czech Republic by 19,6 %, China by 4,1 %, Poland by 16,7 %, the Republic of Korea by 13,6 %, the Russian Federation by 26,8 %, Hungary by 18,6 %, Vietnam by 13,1 %, France by 10 %, Italy by 22,4 % and Austria by 19,2 %.

In terms of the main economic groupings, import from the EU countries decreased by 15,3 % (it represented 66 % of the total import of the SR) and from the OECD countries by 17,8 % (it represented 64,8 % of the total import of the SR), compared with the corresponding period of 2019.


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 Directorate 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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  • Slovak Republic
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