In July, compared with the corresponding period last year, the total export of goods decreased by 1,1 % to EUR 5 848,1 million and the total import rose by 5,3 % to EUR 6 080,5 million. The foreign trade balance was in deficit in the amount of EUR 232,5 million.

In January-July 2019, the foreign trade balance was in surplus in the amount of EUR 719,8 million (by EUR 1 079,3 million lower than in the corresponding period last year).

The Slovak Republic recorded the highest active balance with Germany (EUR 3 171,6 million),  France (EUR 1 630,7 million), the United Kingdom (EUR 1 556,4 million), USA (EUR 1 221,9 million),  Austria (EUR 1 143,1 million), Poland (EUR 869,5 million), Italy (EUR 725,9 million), Spain (EUR 610,8 million), Hungary (562,1 million), the Czech Republic (by EUR 503,5 million) and Romania (by EUR 390,7 million). The largest passive balance was recorded with the Republic of Korea (EUR 2 307,2 million),Vietnam (EUR 2 234,9 million), the Russian Federation (EUR 1 811,9 million), China (EUR 1 684,9 million), Malaysia (EUR 241,3 million), Japan (EUR 232,5 million), Taiwan (EUR 219,4 million) and Ukraine (EUR 119,4 million).

Goods in the amount of EUR 46 570,3 million were exported from the Slovak Republic. Compared with corresponding period of 2018, the total export grew by 3,3 %.

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 2 164,3 million, electrical transformers, static converters and inductors by EUR 107,6 million and air or vacuum pumps, air or other gas compressors and fans by EUR 101,0 million. The highest decrease was recorded in export of telephone sets including telephones for cellular networks by EUR 474,8 million, petroleum oils and oils obtained from bituminous minerals, other than crude by EUR 238,2 million and monitors and projectors, television apparatus by EUR 127,2 million.

Relating the most significant trade partners, export increased to Germany by 3,4 %, Poland by 2,5 %, France by 6,6 %, Hungary by 8,7 %, United Kingdom by 17,5 %, USA by 47,2 %, Romania by 2,7 %, China by 41,2 %. Export to the Czech Republic decreased by 1,1 %, Austria by 2,9 %, Italy by 22,6 %, Spain by 3,3 %, the Netherlands by 7,2 % and the Russian Federation by 1,3 %.

In terms of the main economic groupings, the export to the EU countries rose by 1,1 % (it represented 84 % of the total export of the SR) and to the OECD countries by 2,4 % (it represented 88,1 % of the total export of the SR).  

Goods in the amount of EUR 45 850,5 million were imported to the Slovak Republic with a year-on-year growth of 6 %.

In terms of goods, an increase was registered in import of parts and accessories of the motor vehicles by EUR 1 259,2 million, wires and cables by EUR 288,8 million, seats, whether or not convertible into beds and parts thereof by 162,8 million, spark ignition reciprocating or rotary internal combustion piston engines by 159,7 million. The significant drop was recorded in import of telephone sets including telephones for cellular networks by EUR 250,5 million, petroleum oils and oils obtained from bituminous minerals other than crude by 148,9 million and products of liquid crystals by EUR 124,2 million.

In relation to the most significant trade partners, the import increased from the Czech Republic by 4,4 %, China by 5,5 %, the Russian Federation by 4,8 %, Poland by 6,5 %, Hungary by 22,6 %, France by 10,7 % and Austria by 5,5 %. Import from Germany decreased by 5,4 %, the Republic of Korea by 0,6 %, Vietnam by 13,7 % and Italy by 1,8 %.

In terms of the main economic groupings, the import from the EU countries grew by 8 % (it represented 67,7 % of the total import) and from the OECD countries by 3 % (it represented 65,1 % of the total import of the SR), compared with the corresponding period of 2018.