Slovakia Balance of Trade

Last Release

Dec 31, 2024

Actual

-700.6

Units In

EUR Million

327.9

Frequency

Monthly

Next Release

Mar 11, 2025

Time to Release

28 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
830 Oct 2020	-1,250.3 Dec 2022	25.34 EUR Million	1993-2024	Statistical Office of the Slovak Republic

Exports has been the main factor behind Slovakian robust growth and in the last ten years exports more than doubled. The biggest share of Slovakian exports are vehicles, machinery and electrical equipment, base metals and chemicals and minerals. Main export partners are Euro Area members with German, Czech Republic and Poland being the most important. The biggest share of Slovakian imports are machinery and transport equipment, intermediate manufactured goods, fuels and chemicals. Main import partners are Germany, Czech Republic, China and Russia. In 2015, Slovakia had the highest balance surplus with Germany, the UK, Poland and Austria. The largest balance deficit was recorded in trade with China, South Korea, Russia and Japan.

Latest Updates

Slovakia's trade deficit widened sharpy to EUR 700.6 million in December 2024 from EUR 199.1 million in the corresponding month of the previous year, defying market forecasts of a EUR 98 million surplus, as imports rose much faster than exports. Year-on-year, exports grew 3.6% to EUR 7,711.8 million amid higher sales of mineral fuels. Meanwhile, imports climbed 10.1% to EUR 8,412.3 million, primarily due to increased purchases of machinery and transport equipment. In 2024, the country recorded a trade surplus of EUR 3,054.2 million, down from EUR 4,503.4 million in 2023, as exports fell (-1.5%) more than imports (-0.2%). The share of EU member states was nearly 78% in exports and approximately 65% in imports.