Slovakia's foreign trade turns to deficit in July.

By bne IntelliNews September 13, 2010
Slovakia's foreign trade turned to deficit of EUR 93.8mn in July, compared to a positive balance since the beginning of the year and a surplus of EUR 29mn a year ago, the statistics office (SUSR) reported. Imports sped up their annual growth to 27.1% to EUR EUR 3.85bn compared to a revised 24.8% y/y in June. Exports also picked up, but by 22.8% y/y to EUR EUR 3.76bn in July, determining the trade deficit. On a cumulative basis, the trade surplus for the Jan-Jul period deteriorated to EUR 575.3mn. Intellinews comment: Since the beginning of the year there are clear upward trends in both import and export growth. While exports growth could be largely related to a general trend of picking up of world trade flows, ascribed to replenishment of inventories on a global basis, the imports dynamics could reflect the revival of the economy.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss