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Total export from Slovakia rose 3.5% in 2016

Staff Writer |
In 2016, goods worth EUR 70 032,2 million were exported from the Slovak Republic.

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Compared with the corresponding period in 2015, the total export rose by 3.5%.

In terms of goods, a significant increase was recorded in the export of motor cars and other motor vehicles by EUR 1 542,6 million, parts and accessories of the motor vehicles by EUR 468,6 million, monitors and projectors, television receivers by EUR 332,9 million and flat-rolled products of other alloy steel by EUR 137,3 million.

The most significant decline was noted in the export of petroleum oils and oils obtained from bituminous minerals other than crude by EUR 409,4 million, bodies (including cabs) for the motor vehicles by EUR 373,5 million, telephone sets, including telephones for cellular networks by EUR 201,2 million, flat-rolled products of iron or non-alloy steel, plated by EUR 169,2 million and revolution counters, production counters, taximeters, milometers, pedometers by EUR 110,3 million.

Within the framework of the most significant trade partners, export increased to Germany by 0,9%, France by 14,1%, the United Kingdom by 12,7%, Hungary by 3,4%, Italy by 10,8%, Spain by 11%, the Netherlands by 20,9%, the United States of America by 16,3% and to Romania by 5,9%. Export decreased to the Czech Republic by 1,5%, Poland by 5,1%, Austria by 2,1% and to the Russian Federation by 4,7%.

In terms of the main economic groupings, export to the EU countries increased by 3,5% (it represented 85,2% of the total export of the SR) and to the OECD countries by 4,1% (it represented 88,8% of the total export of the SR).

Goods valued at EUR 66 386,3 million were imported to the Slovak Republic, with a year-on-year growth by 3,1%.

In terms of goods, the most significant growth was registered in imports of parts and accessories of motor vehicles by EUR 432,9 million, motor cars and other motor vehicles by EUR 402,5 million, seats convertible into beds by EUR 266,8 million, electric, laser or ultrasonic machines and apparatus by EUR 209,4 million and combustion piston engines by EUR 204,1 million.

The most significant decline was recorded in import of petroleum oils and oils obtained from bituminous minerals, crude by EUR 541,7 million, parts and accessories of transmission apparatus for radio-broadcasting or television by EUR 214,8 million, self-propelled railway or tramway coaches, vans and trucks by EUR 173,8 million, monitors and projectors, television receivers by EUR 94,9 million and products of liquid crystals by EUR 93,6 million.

In relation to the most significant trade partners, import increased from Germany by 11,5%, Poland by 6,9%, Italy by 1,5%, Austria by 14,7% and from the United Kingdom by 19,2%. Import decreased from the Czech Republic by 0,5%, the Republic of Korea by 7,4%, Hungary by 2%, the Russian Federation by 23,2% and from France by 2,8%. Import from China remained unchanged year-on-year.

In terms of the main economic groupings, import from the EU countries rose by 5,7% (it represented 67,1% of the total import) and from the OECD countries it increased by 5,2% (it represented 67,2% of the total import of the SR), compared with the corresponding period in 2015.

For the year 2016, the foreign trade balance was in surplus in the amount of EUR 3 645,9 million.

The Slovak Republic had the highest balance surplus with Germany (EUR 4 034,8 million), the United Kingdom (EUR 2 904,7 million), France (EUR 2 254 million), Austria (EUR 2 004,4 million), Poland (EUR 1 794,3 million), Italy (EUR 1 170,9 million), Spain (EUR 1 123,7 million), the Czech Republic (EUR 1 118,4 million), the Netherlands (EUR 1 019,7 million) and with the United States of America (EUR 1 002,2 million).

The largest balance deficit was recorded in foreign-trade activity with China (EUR 4 475,6 million), the Republic of Korea (EUR 3 812,9 million), the Russian Federation (EUR 1 287,5 million), Taiwan (EUR 510,5 million), Japan (EUR 509,3 million), Malaysia (EUR 368,4 million), India (EUR 214,3 million) and with Ireland (EUR 92,9 million).


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