Slovakia recorded a trade deficit of 11 EUR Million in July of 2021. source: Statistical Office of the Slovak Republic

Balance of Trade in Slovakia averaged 17.78 EUR Million from 1993 until 2021, reaching an all time high of 830 EUR Million in October of 2020 and a record low of -865 EUR Million in December of 2005. This page provides - Slovakia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Balance of Trade in Slovakia is expected to be -50.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Balance of Trade is projected to trend around -150.00 EUR Million in 2022 and 150.00 EUR Million in 2023, according to our econometric models.

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Slovakia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-11.00 240.30 830.00 -865.00 1993 - 2021 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 07:00 AM Apr €201.3M €595.3M €385.5M
2021-07-09 07:00 AM May €142.7M €201.4M €250.8M €298M
2021-08-09 07:00 AM Jun €296.7M €157.6M €178.3M €280M
2021-09-08 07:00 AM Jul €-10.7M €240.3M €175.6M
2021-10-08 07:00 AM Aug €-10.7M
2021-11-09 08:00 AM Sep € -50M
2021-12-09 08:00 AM Oct

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.