Slovakia Balance of Trade

Last Release

Sep 30, 2024

Actual

195.7

Units In

EUR Million

140.9

Frequency

Monthly

Next Release

Dec 09, 2024

Time to Release

29 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
830 Oct 2020	-1,250.3 Dec 2022	25.49 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 surplus shrank to EUR 195.7 million in September 2024 from EUR 371.4 million in the corresponding month of the previous year. Exports dropped 0.7% year-on-year to EUR 9,029.9 million, mainly attributed to lower sales for machinery and transport equipment, which declined for the eighth time this year. Exports to the EU and non-EU countries fell 0.5% and 1.5%, respectively. Meanwhile, imports rose 1.3% to EUR 8,834.2 million, boosted by an increase in the import of mineral fuels. Arrivals from the EU grew by almost 5%, while those from non-EU countries decreased by around 5%. For the January to September period, the country's trade surplus narrowed to EUR 3,366.1 million from EUR 3,839.7 million in the same period a year ago.