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Foreign trade detailed data in May 2020 and in the first five months of 2020

Foreign trade detailed data in May 2020 and in the first five months of 2020

Last update: 07.05.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Foreign trade
Publish Date: 07.08.2020

In May, compared with the corresponding period last year, the total export of goods decreased by 34,3 % to EUR 4 572,4 million and the total import by 36,5 % to EUR 4 352,6 million. The foreign trade balance was in surplus in the amount of EUR 219,7 million (by EUR 114,4 million higher than in May last year).

In January-May 2020, the foreign trade balance was in deficit in the amount of EUR 524 million.

The highest balance of trade in deficit was recorded with the Republic of Korea (EUR 1 503,3 million), China (EUR 1 481,7 million), Vietnam (EUR 1 379,6 million), the Russian Federation (EUR 1 119,7 million), Malaysia (EUR 157,7 million), Taiwan (EUR 128,3 million) and Japan (EUR 105,6 million). The Slovak Republic recorded the highest balance of trade in surplus with Germany (EUR 1 585,4 million), the United Kingdom (EUR 891,4 million), Austria (EUR 798,5 million),   France (EUR 710,1 million),   Poland (EUR 701,9 million), Hungary (EUR 473 million), the Czech Republic (EUR 382,6 million), USA (EUR 358,4 million), Italy (EUR 336 million), Spain (EUR 282,3 million) and Romania (EUR 278,5 million).

In January-May 2020, goods in the amount of EUR 27 359,9 million were  exported from the Slovak Republic. Compared with corresponding period of 2019, the total export decreased by 20,1 %.

In terms of goods, the highest decrease was recorded in export of motor cars and other motor vehicles principally designed for transport of persons by EUR 2 735,8 million, parts and accessories of motor vehicles by EUR 482 million, monitors and projectors, reception apparatus for television by EUR 459,9 million, new rubber tires by EUR 198,7 million and flat-rolled products of iron or non-alloy steel, hot rolled by EUR 183,6 million. The highest increase was recorded in export of medicaments for sale at retail by EUR 43,6 %, structure and their parts of iron and steel by EUR 34,9 million and railway or tramway goods vans and wagons by EUR 33,4 million.

As regards the most significant trade partners, export decreased to Germany and Romania equally by 22,9 %, the Czech Republic by 17,5 %, Poland by 12,1 %, Hungary by 13,4 %, France by 24,7 %, Austria by 16,2 %, United Kingdom by 22,1 %, Italy by 27,5 %, USA by 47,3 %, Spain by 27,8 % and the Netherlands by 9,6 %.

In terms of the main economic groupings, export to the EU countries decreased by 20,3 % (it represented 88,2 % of the total export of the SR) and to the OECD countries by 19,4 % (it represented 79,9 % of the total export of the SR).  

In January-May 2020, goods in the amount of EUR 27 883,9 million were  imported to the Slovak Republic with a year-on-year decrease of 16,9 %.

In terms of goods, the highest decrease was recorded in import of parts and accessories of motor vehicles by EUR 1 167,9 million, motor cars and other motor vehicles principally designed for transport of persons by EUR 377,8 million, wires and cables by EUR 337,4 million,  telephone sets and telephones for cellular networks or for other wireless network by EUR 281 million, seats, whether or not convertible into bed by EUR 266,8 million. There was a more considerable increase in import of electric accumulators, including separators by EUR 245,7 million, medicaments for sale at retail by EUR 72,2 million, machinery and equipment for making paper pulp of fibrous cellulosic material  by EUR 62 million and  monitors and projectors, television reception apparatus by EUR 58,1 million.

In relation to the most significant trade partners, import decreased from Germany by 21,4 %, the Czech Republic by 21,7 %, China by 3,4 %, the Republic of Korea by 10,8 %, the Russian Federation by 27,9 %, Poland by 19,4 %, Vietnam by 15,4 %, Hungary by 21,8 %, France by 10,9 %, Italy by 24,6 % and Austria by 23,3 %.

In terms of the main economic groupings, import from the EU countries decreased by 19,7 % (it represented 64,1 % of the total import of the SR) and from the OECD countries by 17,5 % (it represented 65,1 % of the total import of the SR), compared with the corresponding period of 2019.


Note: Data are preliminary at current prices in the FOB-type value. Information was processed by the Statistical Office of the SR on the basis of data from the Customs Section of the Financial Directorate of the SR obtained within the customs clearance and INTRASTAT-SK declarations, which are provided by consignee and consignor of goods. EU data are without the United Kingdom since January 2020. The data for the OECD have included Colombia since January 2020 (it has been a member of the OECD since 28.4.2020).

 

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  • Statistical Office of the SR
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  • 840 05 Bratislava 45
  • Slovak Republic
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