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SOPK: Machines, Appliances and Electronics Lead List of Exports
Sunday 07 March 2010 Zoom in | Print page
Bratislava, March 7 (TASR) - The most important exports from Slovakia in 2009 were machines, appliances and electrotechnic equipment, together representing about 35 percent of the total; but in money terms this represented a 12-percent drop year-on-year, according to an economic survey published by the Slovak Trade and Industrial Chamber (SOPK).
A 35-percent y-o-y drop in the export of vehicles was also posted, and that of metals and metal products saw an even deeper y-o-y fall of 40 percent.
Slovakia still remains dependent on oil and gas supplies from Russia. According to SOPK, Slovakia's overall deficit of foreign-trade exchange of mineral resources – largely influenced by the country's total dependence on oil and gas from Russia – dropped by almost 35 percent. Lower oil prices and reduced demand for these supplies due to the recession also contributed to this.
The concentration of Slovak exports into the car-manufacturing and electrotechnical industry was one of the main accelerators of the Slovak economy last year. SOPK warns, however, that the narrow concentration of the country's export base creates a dependence on developments in this sphere.
The vast majority of Slovakia's foreign business partners last year were OECD members, representing 87 percent of Slovakia's export, and EU-member countries (85 percent).
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