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Slovakia's Foreign Trade Surplus Reached €1.19 billion in 2009
Friday 12 March 2010 Zoom in | Print page
Bratislava, March 12 (TASR) - Slovakia's foreign trade reported a surplus of €1.19 billion for the year 2009, with the highest active balance with Germany, France and Poland and the highest trade deficit with South Korea, Russia and China, the Statistics Office reported on Friday.
According to the Stats Office, Slovakia's total exports reached €39.72 billion last year, which was a drop of almost 20 percent year-on-year. Imports were on €38.53 billion, a drop of almost 25 percent.
When it comes to individual products, export of cars and other vehicles experienced the steepest decline - almost by €2 billion, followed by export of oils and bitumen minerals, down by €661 million. Export of plates and metal sheets and unalloyed steel dropped by €429.2 million.
Import of medicinal drugs saw the largest increase - by €112.7 million, followed by import of TV sets, which rose by €85.6 million.
Statistics concerning our main business partners show that Slovak exports to Germany dropped by 18.4 percent, to the Czech Republic by 23.5 percent and to France by almost 7 percent. Export to Poland also saw a y-o-y decrease by 11.6 percent and in the case of Hungary it was 24.1 percent.
Within the EU-member states, exports were down by almost 20 percent and a similar drop was reported vis-a-vis OECD countries.
When it comes to imports, a drop was seen in case of Germany - by 30.3 percent, the Czech Republic by 11.4 percent, and Russia by 36.3 percent. Imports from EU countries decreased by 23.4 percent y-o-y and from OECD members by 16.4 percent.
In December 2009 the overall trade deficit was on €67.1 million.
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