The trade surplus in Slovakia rose to EUR 175 million in January 2019 from EUR 35 million in the same month of the previous year. Exports grew 13.4 percent to EUR 6753 million, as sales to non-EU countries jumped 55.7 percent to EUR 1046 million and those to the EU rose 8 percent to EUR 5707 million. Meantime, imports advanced at a softer 11.1 percent to EUR 6578 million, as purchases to the EU increased 23.3 percent to EUR 4491 million while the ones from the non-EU countries fell 8.4 percent to EUR 2087 million. The most traded product was machinery and transport equipment with a share of 61.2 percent of the total exports and 49.5 percent of the total imports. Balance of Trade in Slovakia averaged 2.62 EUR Million from 1993 until 2019, reaching an all time high of 609 EUR Million in May of 2013 and a record low of -865 EUR Million in December of 2005.

Balance of Trade in Slovakia is expected to be 360.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Slovakia to stand at 110.00 in 12 months time. In the long-term, the Slovakia Balance of Trade is projected to trend around 250.00 EUR Million in 2020, according to our econometric models.

Slovakia Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-07 08:00 AM Balance of Trade €284.3M €451.8M €469.7M € 420M
2019-01-09 08:00 AM Balance of Trade €68.1M €279M €385.7M € 375M
2019-02-08 08:00 AM Balance of Trade €-129.3M €83.6M €385.7M €-50M
2019-03-11 08:00 AM Balance of Trade €175M €-110M €124.4M €138M
2019-04-09 07:00 AM Balance of Trade €175M
2019-05-09 07:00 AM Balance of Trade
2019-06-07 07:00 AM Balance of Trade

Slovakia Trade Last Previous Highest Lowest Unit
Balance of Trade 175.00 -110.00 609.00 -865.00 EUR Million [+]
Current Account -443.40 -401.40 431.50 -1470.00 EUR Million [+]
Current Account to GDP -2.00 -2.20 4.30 -10.60 percent [+]
Imports 6578.00 5827.00 7609.00 287.00 EUR Million [+]
Exports 6753.00 5718.00 7759.00 312.00 EUR Million [+]
External Debt 102.91 99.96 102.91 35.63 EUR Billion [+]
Terms of Trade 99.99 101.30 127.54 75.55 Index Points [+]
Capital Flows 790.10 504.10 3824.10 -3006.10 EUR Million [+]
Foreign Direct Investment 1542.30 474.90 2101.80 -1023.20 EUR Million [+]
Gold Reserves 31.70 31.70 40.12 31.69 Tonnes [+]
Terrorism Index 0.12 0.23 0.50 0.00 [+]
Weapons Sales 22.00 18.00 173.00 1.00 USD Million [+]
Crude Oil Production 0.20 0.20 1.60 0.20 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Slovakia Balance of Trade

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. This page provides - Slovakia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
175.00 -110.00 609.00 -865.00 1993 - 2019 EUR Million Monthly

Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -4483276.00 Jan/19
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18