World Economy

Slovakia Trade Surplus Low

Slovakia Trade Surplus LowSlovakia Trade Surplus Low

Slovakia’s foreign trade surplus has amounted to €352 million ($397 million) in April, which is the lowest level since the beginning of the year, analysts say. “The foreign trade balance should remain in significant surplus this year, but the surpluses should be gradually reduced compared with the previous year,” Lubomir Korsnak, analyst with UniCredit Bank Czech Republic and Slovakia, wrote in a memo, Slovak Spectator reported. The total export of goods amounted to €5.53 billion in April, up by 1 percent compared to the previous year, while the total import of goods rose by 0.6 percent year-on-year to €5.17 billion. The foreign trade balance was in surplus, amounting to €352.4 million, which is by €24.3 million more than in April 2014, the the country’s statistics office reported. During the first months of the year, the total export of goods rose by 2.4 percent y/y to €22.11 billion and the total import by 2.3 percent y/y to €20.40 billion.