Slovakia Balance of Trade

Last Release

Oct 31, 2024

Actual

391.7

Units In

EUR Million

195.7

Frequency

Monthly

Next Release

Jan 09, 2025

Time to Release

29 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
830 Oct 2020	-1,250.3 Dec 2022	26.45 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 narrowed to EUR 391.7 million in October 2024 from EUR 525.3 million in the same month last year, as imports rose more than exports. Exports advanced 3.9% year-on-year to EUR 10,416.9 million, primarily due to higher sales for machinery and transport equipment, particularly motor vehicles. Exports to the EU and non-EU countries grew 2.6% and 8.6%, respectively. At the same time, imports increased 5.5% to EUR 10,025.2 million, mainly driven by a rise in imports of machinery and transport equipment and miscellaneous industrial products. Arrivals from the EU and non-EU countries went up 4.4% and 7.6%, respectively. For the January to October period, the country's trade surplus shrank to EUR 3,713 million from EUR 4,365 million in the corresponding period of the previous year.