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Foreign trade development in August 2021 and in the first eight months of 2021
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Foreign trade development in August 2021 and in the first eight months of 2021

Last update: 08.10.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 08.10.2021

 

 


In August 2021, total exports of goods amounted to EUR 6,4 billion, with a year-on-year growth by 0,5 %. Total imports of goods increased by 11,1 % to EUR 6,5 billion. The foreign trade balance was in deficit in the amount of EUR 146,2 million.

In January and August 2021, compared to the corresponding period last year, total exports of goods increased by 23,2 % to EUR 57,3 billion and total imports by 23,1 % to EUR 55,6 billion. The balance of foreign trade was in surplus in the amount of EUR 1,7 billion (by EUR 361,7 million higher than in the corresponding period last year).

In January to August 2021, compared to the corresponding period last year, exports to EU Member States increased by 23 % and accounted for 79,3 % of total exports. Imports from EU Member States represented 65,7 % of total imports and increased by 22 % year-on-year.

In January to August 2021, compared to the corresponding period last year, exports to non-EU countries increased by 24,1 % and accounted for 20,7 % of total exports. Imports from non-EU countries represented 34,3 % of total imports and increased by 25,3 % year-on-year.

The most traded SITC class in the foreign trade of the Slovak Republic was machinery and transport equipment with a share of 62,2 % in total exports and 49 % in total imports.

Seasonally adjusted foreign trade data

In August 2021, after seasonal adjustment of data, total export of goods amounted to EUR 7,2  billion, with a year-on-year growth by 1,5 %. Total imports of goods increased by 8,3 % to EUR 7 billion. The balance of foreign trade was in surplus in the amount of EUR 178,9 million (by EUR 644,1  million lower than in July 2020).


The Statistical Office of the SR also releases DEFINITIVE DATA ON FOREIGN TRADE IN 2020 together with the current FIRST RELEASE of monthly data on foreign trade (summary data in August 2021 and detailed data in July 2021). This change could be reflected in the adjustment of existing monthly and annual data on foreign trade in the DATAcube. database. Data cubes including annual absolute values ​​of exports and imports in all classifications and structures including year-on-year indices were accessible and supplemented by percentage shares in the structure of trade.

Definitive data on foreign trade in 2020 are available in the DATAcube. central database of the SO SR in the chapter Foreign trade - annual data.

 


Note: Data are in current prices in FOB type value. Detailed data will be published according to the calendar of the first release on 9 November, 2021. 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 Slovak Republic obtained within the customs procedure and INTRASTAT-SK by the consignees and consignors of the goods.
Data for the EU have been without the United Kingdom since January 2020
Seasonal analysis is performed by DEMETRA software.

 

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  • Slovak Republic
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