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Foreign trade development in March 2020 and in the first three months of 2020

Foreign trade development in March 2020 and in the first three months of 2020

Last update: 07.05.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 07.05.2020

 

 



In March 2020, the total export of goods reached the value of EUR 5 887,3 million with a 19,2 % year-on-year decrease. The total import of goods decreased by 11,6 % to EUR 6 218,9 million. The foreign trade balance was in deficit in the value of EUR 331,7 million.

In January and March 2020, compared with the corresponding period last year, the total export of goods decreased by 7,6 % to EUR 19 125,9 million and the total import  by 3,3 % to EUR 19 348,7 million. The foreign trade balance was in deficit in the amount of EUR 222,8 million.

In January and March 2020, compared with the corresponding period last year, export to the EU Member States decreased by 7 % and it represented 78,9 % of the total export. Import from the EU Member States represented 66,3 % of the total import and it dropped by 1,5 %, year-on-year.

In January and March 2020, compared with the corresponding period in 2019, export to the non-EU Member States decreased by 9,7 % and it represented 21,1 % of the total export. Import from the non-EU Member States represented 33,7 % of the total import and it decreased by 6,7 %, year-on-year.

In the foreign trade of the SR, the most traded SITC section was Machinery and transport equipment with a share of 62,2 % of the total export and 49,6 % of the total import. 

In March 2020after seasonal adjustment, the total export of goods reached the value of EUR 5 304,3 million with a year-on-year decrease by 21,6 %.  The total import of goods decreased by 14,1 % to EUR 5 790,2 million. The foreign trade balance was in deficit in the amount of EUR 485,9 million.


Note: Data are preliminary, at current prices, in the FOB-type value. Detailed data will be published, according to the First Release Calendar, on 9th June 2020. 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. The seasonal analysis is carried out by the DEMETRA software.
EU data are available from January 2020 excluded the UK.

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  • Slovak Republic
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