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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