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Foreign trade detailed data in August and for the first eight months of 2019

Foreign trade detailed data in August and for the first eight months of 2019

Last update: 08.11.2019
ilustratívny obrázok/illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 08.11.2019

In August, compared with the corresponding period last year, the total export of goods decreased by 4 % to EUR 5 913,9 million and the total import by 3,1 % to EUR 6 079,7 million. The foreign trade balance was in deficit in the amount of EUR 165,9 million.

 In January-August 2019, the foreign trade balance was in surplus in the amount of EUR 553,7 million.

The Slovak Republic recorded the highest active balance with Germany (EUR 3 458,7 million),  the United Kingdom (EUR 1 826,7 million), France (EUR 1 764,9 million), Austria (EUR 1 282,5 million), USA (EUR 1 220,1 million),  Poland (EUR 992,4 million), Italy (EUR 750,9 million), Spain (EUR 670,7 million), Hungary (EUR 619,5 million), the Czech Republic (EUR 549,5 million) and Romania (EUR 462,7 million).

The largest passive balance was recorded with the Republic of Korea (EUR 2 617,8 million),Vietnam (EUR 2 547,8 million), the Russian Federation (EUR 2 053 million),  China (EUR 1 966,7 million), Malaysia (EUR 286,1 million), Japan (EUR 254 million) and Taiwan (EUR 245,6 million).

Goods in the amount of EUR 52 487,9 million were exported from the Slovak Republic. Compared with corresponding period of 2018, the total export grew by 2,5 %.

In terms of goods, an increase was recorded in export of motor cars and other motor vehicles principally designed for transport of persons by EUR 2 137,6 million, air or vacuum pumps, air or other gas compressors and fans by EUR 122,9 million and electrical transformers, static converters and inductors by EUR 116,5 million.

The highest decrease was recorded in export of telephone sets including telephones for cellular networks by EUR 446,3 million, petroleum oils and oils obtained from bituminous minerals, other than crude by EUR 245,9 million, semi-finished products of iron or non-alloy steel by EUR 139,3 million and monitors and projectors, television apparatus by EUR 118,6 million.

Relating the most significant trade partners, export increased to Germany by 2 %, Poland by 1,9 %, France by 7,2 %, Hungary by 7,6 %, United Kingdom by 18,3 %, USA by 27,7 %, Romania by 2,6 % and China by 34 %.  Export to the Czech Republic decreased by 2,2 %, Austria by 2,1 %, Italy by 21,9 %, Spain by 2,8 %, the Netherlands by 6,6 % and the Russian Federation by 4,1 %.

In terms of the main economic groupings, the export to the EU countries rose by 0,8 % (it represented 84,1 % of the total export of the SR) and to the OECD countries by 1,7 % (it represented 88 % of the total export of the SR).  

Goods in the amount of EUR 51 934,2 million were imported to the Slovak Republic with a year-on-year growth of 4,8 %.

In terms of goods, an increase was registered in import of parts and accessories of the motor vehicles by EUR 1 283,8 million, wires and cables by EUR 245,6 million, seats, whether or not convertible into beds and parts thereof by EUR 187,9 million and compression-ignition internal combustion piston engines by EUR 145,4 million.

The significant drop was recorded in import of petroleum oils and oils obtained from bituminous minerals, crude by EUR 220,3 million,  telephone sets including telephones for cellular networks by EUR 196,7 million and products with liquid crystals by EUR 126,7 million.

In relation to the most significant trade partners, the import increased from the Czech Republic by 2,9 %, China by 6,9 %, the Russian Federation by 2,7 %, Poland by 5,5 %, Hungary by 18,5 %,. France by 11,6 % and Austria by 4,2 %. Import from Germany decreased by 5,2 %, the Republic of Korea by 2,7 %, Vietnam by 12,4 % and Italy by 1,3 %.

In terms of the main economic groupings, the import from the EU countries grew by 6,5 % (it represented 67,4 % of the total import) and from the OECD countries by 2,2 % (it represented 65,3 % of the total import of the SR), compared with the corresponding period of 2018.


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.
Since January 2018, Lithuania (from 5th July 2018 as the OECD member) is included in OECD data.

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