Slovakia’s current account surplus shrinks to EUR 46mn in November 2013

By bne IntelliNews January 29, 2014

Slovakia’s current account surplus shrank to EUR 46mn in November 2013 from a revised surplus of EUR 230mn in October on lower trade surplus, preliminary data from the central bank showed. In annual terms, the current account surplus fell 64.3% y/y in November. The October current account figure was revised down from an initially reported surplus of EUR 253mn.

The trade surplus narrowed to EUR 314mn in November from a revised EUR 480mn in October with imports rising slightly faster than exports. On an annual basis, exports increased 4.6% in November, following a revised 2.6% rise in October, whereas imports increased 4.8% compared to a 4.5% rise a month earlier.

EUR mn Nov-13 Oct-13 Nov-12 2012
Trade balance 314 480 313 3,556
--exports 6,090 6,229 5,825 62,144
--imports 5,776 5,749 5,511 58,588
----exports, y/y change, % 4.6% 2.6% 8.9% 9.4%
----imports, y/y change, % 4.8% 4.5% 5.2% 5.1%
Balance of services -25 -2 7 306
Income balance -136 -145 -129 1,653
Current transfers -108 -103 -63 -648
CURRENT ACCOUNT BALANCE 46 230 129 1,560
Source: National Bank of Slovakia      
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

How Ukrainian grain wrecked the Polish grain market

The Polish grain market has been thrown into disarray by cheap Ukrainian grain that sent prices plummeting in April, causing Warsaw to impose a five-month ban, backed up by the European Commission. ... more

Slovak OFZ aims to move part of production to Uzbekistan

Metallurgical company OFZ plans to transfer part of its production from Slovakia to Uzbekistan, The Slovak Spectator has reported. The ferroalloy production company from Oravsky Podzamok has ... more

EBRD 2023: EBRD, EU and ILX to co-operate to boost private-sector finance in Emerging Europe

The European Bank for Reconstruction and Development (EBRD), the European Union, and ILX Management, an emerging market asset manager, have joined forces to enhance private-sector finance in Emerging ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss