Slovakia Balance of Trade

Last Release

Jan 31, 2025

Actual

-393.5

Units In

EUR Million

-700.6

Frequency

Monthly

Next Release

Apr 09, 2025

Time to Release

26 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
830 Oct 2020	-1,250.3 Dec 2022	24.25 EUR Million	1993-2025	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 posted a trade deficit of EUR 393.5 million in January 2025, shifting from a surplus of EUR 520.9 million and defying market expectations of a EUR 264 million surplus. Imports soared by 12.8% year-on-year to EUR 8,989.5 million, with eight out of ten sections increasing, particularly machinery and transport equipment (16.5%). Meanwhile, exports rose at a much slower rate of 1.2% to EUR 8,595.9 million, as the increase in sales of electricity and petroleum products (28.3%) was offset by a decrease in sales of manufactured goods (-8%) and sales of machinery and transport equipment, which remained broadly unchanged. The share of EU member states was nearly 79% in exports and approximately 61% in imports.