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Foreign trade detailed data in November 2020 and in the first eleven months of 2020

Foreign trade detailed data in November 2020 and in the first eleven months of 2020

Last update: 08.02.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 08.02.2021

In November 2020, compared to the corresponding period last year, total exports of goods increased by 3,6 % to EUR 7 607,8 million and total imports by 2 % to EUR 7 367,6 million. The balance of foreign trade was in surplus in the amount of EUR 240,2 million (by EUR 120,6 million higher than in November 2019).

In January to November 2020, the foreign trade balance was in surplus in the amount of EUR 2 573,4 million.

The Slovak Republic recorded the highest surplus with Germany (EUR 3 323,2 million), France (EUR 2 500,9 million), the United Kingdom (EUR 2 006,3 million), Austria (EUR 1 843,9 million), the USA (EUR 1 687,6 million), Poland (EUR 1 656,9 million), Hungary (EUR 1 255,3 million), Italy (EUR 826,6 million), Romania (EUR 772,9 million), the Czech Republic (EUR 717 million) and Spain (EUR 667,7 million). The largest deficit was recorded with Vietnam (EUR 3 361,7 million), the Republic of Korea (EUR 2 889,6 million), China (EUR 2 560,6 million), the Russian Federation (EUR 2 044,6 million), Malaysia (EUR 529,2 million), Taiwan (EUR 289,3 million) and Japan (EUR 183,4 million).

Goods in the amount of EUR 69 008,3 million were exported from the Slovak Republic. Compared to the same period of 2019, total exports decreased by 7,5 %.

In terms of goods, the highest decrease was recorded in export of monitors and projectors, reception apparatus for television by EUR 493,1 million, parts and accessories of motor vehicles by EUR 300,1 million, motor cars and other motor vehicles principally designed for transport of persons by EUR 280,7 million, petroleum oils and oils obtained from bituminous minerals other than crude by EUR 265,4 million, flat-rolled products of iron or non-alloy steel, hot-rolled by EUR 230,8 million. Mostly the export of wheat and meslim increased by EUR 69,6 million and lifting and handling equipment and machinery such as lifts, escalators, teleferics and conveyors by EUR 59,8 million.

As regards the most important trading partners, exports to Germany and Romania decreased equally  by 7,8 %, the Czech Republic by 11,6 %, Poland by 2,3 %, France by 0,9 %, Hungary by 8,6 %, Austria by 9 %, the United Kingdom by 16,3 %, Italy by 14,2 %, Spain by 20,9 % and the Netherlands by 5,5 %. The export increased to the USA by 6,2 % and China by 14,2 %.

In terms of the main economic groupings, exports to EU countries decreased by 8,4 % (representing  78,6 % of total exports of the SR) and to OECD countries by 7,8 % (representing 87,6 % of total exports of the SR).

Goods in the amount of EUR 66 434,9 million were imported to the Slovak Republic, with a year-on-year decrease of 9,6 %.

In terms of goods, imports of parts and accessories of motor vehicles decreased the most by EUR 853 million, telephone sets and telephones for cellular networks or for other wireless network by 536,5 million, motor cars and other motor vehicles principally designed for the transport of persons by EUR 525,1 million, seats whether or not convertible into beds by 407,8 million and petroleum gases and other gaseous hydrocarbons by EUR 380,7 million. Imports of electric accumulators including their separators increased more significantly by EUR 551,1 million, monitors, projectors and television apparatus by EUR 177,2 million and medicaments for retail sale by EUR 154,1 million.

In relation to the most important trading partners, imports from Germany decreased by 1,6 %, the Czech Republic by 13,3 %, China by 5,3 %, Poland by 10,9 %, Vietnam by 10,6 %, the Republic of Korea by 18,9 %, Hungary by 20,4 %, Russian Federation by 23,4 %, France by 2,8 % and Italy by 15,5 % and Austria by 18,6 %.

 In terms of the main economic groupings, compared to the same period of 2019, imports from EU countries decreased by 7,6 % (representing 67 % of total imports) and from OECD countries by 11,1 % (representing 65,7 % of the  total imports of the SR ).


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 Di-rectorate 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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