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Foreign trade detailed data in March and for the first three months of 2022
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Foreign trade detailed data in March and for the first three months of 2022

Last update: 09.06.2022
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 09.06.2022

In March, imports even more significantly exceeded exports and the deficit in the first quarter of 2022 already exceeded one billion

In March, compared to the corresponding period in 2021, total exports of goods increased by 4.5% to EUR 8.87 billion and total imports increased by 19.4% to EUR 9.38 billion. The foreign trade balance in March was in deficit in the amount of EUR 510 million which represented almost the value of the sum of balances in the first two months of the year. The foreign trade balance for January to March 2022 was in deficit in the amount of EUR 1.08 billion, while in 2021 for the corresponding period, on the contrary, there was a surplus of EUR 1.44 billion.

The Slovak Republic had the largest deficit in the first three months of 2022 with the Russian Federation (EUR 2 523.6 million), the Republic of Korea (EUR 1 271.2 million), China (EUR 1 211.6 million), Vietnam (EUR 1 125.9 million), Malaysia (EUR 141.2 million), Taiwan (EUR 127.5 million) and Egypt (EUR 104.3 million).

The highest surplus in the first three months of 2022 was with Germany (EUR 1 315.2 million), Hungary (EUR 910.9 million), Czechia (EUR 880.8 million), Poland (EUR 796.2 million), Austria (EUR 747.3 million), France (EUR 669.5 million), United Kingdom (EUR 597.5 million), Italy (EUR 549.2 million), United States of America (EUR 464.1 million) Spain (EUR 298 million) and Romania (EUR 291.9 million).

In the first quarter of 2022, exports of the Slovak Republic was represented by goods in the amount of EUR 24 474 million. Compared to the corresponding period in 2021, by 10,2% more goods were exported.

In terms of goods, exports of monitors and projectors, television sets increased by EUR 214.2 mil., new rubber tires by EUR 154.3 mil., flat-rolled products of iron or non-alloy steel, hot-rolled, not clad, plated or coated by EUR 131.6 mil., mineral or chemical nitrogenous fertilizers, other than in tablets or the like in other forms than in packages with a gross weight not exceeding 10 kg by EUR 130.9 mil., electrical energy by EUR 122.4 mil., petroleum oils and oils obtained from bituminous minerals, other than crude by EUR 122.3 mil., flat rolled products of alloy steel other than stainless by EUR 116.4 mil., flat-rolled products of iron or non-alloy steel, clad, plated or coated by EUR 111.2 mil.

Exports of passenger cars and other motor vehicles constructed mainly for passenger transport dropped the most by EUR 781.4 mil., motor vehicles for freight transport by EUR 63.2 mil., parts, components and accessories of tractors and motor vehicles by EUR 56.7 mil.

Within the most important trading partners, exports to Germany increased by 6%, Czechia by 28.5%, Poland by 14.4%, Hungary by 29.8%, Austria by 17.9%, Italy by 22.8%, the United Kingdom by 3.8%, Romania by 14.6%. Exports to France decreased by 2.2%, the United States by 11.7%, China by 12.7%, Switzerland by 6.8% and the Russian Federation by 28.3%.

From the point of view of the main economic groupings, exports to EU countries increased by 14.4% (representing 81.9% of total Slovak exports) and to OECD countries by 11.5% (representing 88.3% of total exports of the SR).

In the first quarter, goods in the amount of EUR 25 550 mil. were imported to the SR, with a year-on-year growth by 23%.

In terms of goods, imports of petroleum gases and other gaseous hydrocarbons increased by EUR 1 222.1 mil. EUR, petroleum oils and oils obtained from bituminous minerals, crude by EUR 328 mil., electricity by 147.6 mil., petroleum oils and oils obtained from bituminous minerals, other than crude by EUR 142 mil, telephone sets, including smartphones and other telephones for the cellular network or for other wireless networks by EUR 116 mil., railway locomotives, excluding those powered from an external source of electricity or by electric accumulators or locomotive tenders by EUR 109.2 mil., coal, briquettes, ovoids, and similar solid fuels manufactured from coal by EUR 106.9 mil.

Imports of flat panel display modules, transmission and reception apparatus for radio or television broadcasting, radar and radio sounding devices, radio receivers, monitors and projectors decreased the most by EUR 92 mil., parts, components and accessories of tractors and motor vehicles by EUR 67.5 mil., diagnostic or laboratory reagents on a substrate and certified reference materials by EUR 45.4 mil., electric accumulators including their separators, their parts and components by EUR 43.3 mil.,  seats, their parts and components by EUR 37.8 mil. and diesel piston engines with internal combustion by EUR 35.8 mil.

In relation to the most important trading partners, imports from the Russian Federation increased by 124.7%, Czechia by 8.2%, China by 26.6%, the Republic of Korea by 10.3%, Poland by 17.2%, Vietnam by 6,1%, France by 4.8%, Hungary by 14.1%, Italy by 7.9% and Romania by 1.6%. Imports from Germany decreased by 9.4%, Spain by 10.4% and the United States by 2.1%.

In terms of the main economic groupings, compared to the corresponding period in 2021, imports from EU countries increased by 15.3% (representing 61% of total imports) and from OECD countries by 5.5% (representing 58% of total imports of the SR).

Note: Data are preliminary (in FOB type value at current prices) prepared 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 procedure and from INTRASTAT-SK reports provided by the consignees and consignors of goods. In the OECD data, Costa Rica was included from January 2021 (it is a member of the OECD from 25 May 2021).

Data source: DATAcube. database:

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  • 840 05 Bratislava 45
  • Slovak Republic
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