Slovakia’s current account surplus widens to EUR 437mn in May 2013

By bne IntelliNews August 1, 2013

Slovakia’s current account surplus widened to a record high of EUR 437mn in May 2013 from a revised EUR 372mn in April, mainly on the back of higher trade surplus, preliminary data from the central bank showed. The April current account figure was revised from an originally reported surplus of EUR 378mn.

The trade surplus rose to an all-time high of EUR 664mn in May from EUR 577mn in April. Exports increased by 3.6% y/y in May, slowing from a 10.3% annual growth in April, which was their fastest growth in five months. Imports fell 1.1% y/y in May after a 4.5% y/y rise in the previous month.

EUR mn May-13 Apr-13 2012
Trade balance 664 577 3,609
--exports 5,645 5,628 62,833
--imports 4,981 5,051 59,224
----exports, y/y change, % 3.6% 10.3% 10.7%
----imports, y/y change, % -1.1% 4.5% 6.2%
Balance of services 31 2 306
Income balance -130 -148 -1,653
Current transfers -128 -59 -648
Source: National Bank of Slovakia    

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