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      

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