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| Slovakia’s export has recovered from the corona crisis’ decline |
| Bratislava, 12.08.2020 |
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| Slovakia’s foreign trade reached a record surplus in June as well as a significant recovery in exports. The increase in car exports pushed the trade-balance surplus to a record-high €710 million, beating the so-far record of €665 million from May 2014.“Especially the significant recovery of exports, which responded relatively strongly – and more than we had expected – to a partial easing of anti-pandemic measures across Europe have helped the foreign trade surplus achieve a record level,” Ľubomír Koršňák, analyst of UniCredit Bank Czech Republic and Slovakia, wrote in his memo. “Exports almost returned to pre-COVID-19 levels when they lagged behind the January maximum by only 5.5 percent.”Slovakia exported goods worth €6.4 billion in June, only 1.2 percent down year-on-year. Imports reached €5.686 billion, decreasing by 8.9 percent y-o-y. The trade balance surplus of €709.9 million was €480.2 million higher than it was in June 2019, the Slovak Statistics Office reported.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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