Slovak Republic - Balance of Goods

Slovak Republic: Balance of Goods

Mnemonic TRBG.ISVK
Unit Mil. EUR YTD, NSA
Adjustments Not Seasonally Adjusted
Monthly 3.89 %
Data Dec 2020 614.66
Nov 2020 591.62

Series Information

Source National Bank of Slovakia (NBS)
Release Balance of Payments - Monthly
Frequency Monthly
Start Date 1/31/2008
End Date 12/31/2020

Slovak Republic: Trade

Reference Last Previous Units Frequency
Balance of Goods Dec 2020 614.66 591.62 Mil. EUR YTD, NSA Monthly
Current Account Balance Dec 2020 -306.57 -120.3 Mil. EUR YTD, NSA Monthly
Exports of Goods Dec 2020 6,492,887 7,529,998 Ths. EUR, NSA Monthly
Imports of Goods Dec 2020 6,334,197 7,307,137 Ths. EUR, NSA Monthly
Exports of Goods and Services 2020 Q3 21,111 15,276 Mil. EUR, SA Quarterly
Imports of Goods and Services 2020 Q3 19,976 15,293 Mil. EUR, SA Quarterly
Net Exports 2020 Q3 1,065 183.1 Mil. EUR, NSA Quarterly
Real Exports of Goods and Services 2020 Q3 21,088 15,371 Mil. Ch. 2015 EUR, SA Quarterly
Real Imports of Goods and Services 2020 Q3 19,587 15,000 Mil. Ch. 2015 EUR, SA Quarterly
Real Net Exports 2020 Q3 1,393 582.6 Mil. Ch. 2015 EUR, NSA Quarterly

Release Information

Balance of Payments is a statistical statement summarizing the economic transactions between the residents of Slovak Republic and the residents of the rest of the world during a reporting period. Balance of Payments is compiled monthly and quarterly in a cumulative form.

Analytical framework: Data are disseminated in millions of euro (EUR) under five main headings for the following balance of payments components:

  1. Current account that includes import and export of goods, services, income, and current transfers.
  2. Capital account that includes capital transfers.
  3. Financial account that includes direct investment abroad, direct investment in reporting economy, assets and liabilities for portfolio investment, financial derivatives and assets and liabilities for other investment.
  4. Errors and omissions.
  5. Change in reserves.

Transaction coverage: The balance of payments covers in principle all transactions between residents and nonresidents. Custom statistics and Statistical Office´s statistics cover all merchandise crossing the border of the Slovak Republic

Institutional coverage:

  • Non-banks: All Slovak enterprises engaged in the external trade activity report monthly and quarterly information on external transactions and stocks. In addition, each enterprise with foreign assets or liabilities at the reference date exceeding 700.000 EUR is required under Slovak law to provide monthly report. Currently data are collected from about 2 700 enterprises.
  • Banks: all banks are included.

Geographical coverage: No geographical regions are excluded from recording.

Classification: The transactions are classified according to the balance of payments standard components presented in the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Conversion to unit of account: Data are reported in domestic currency (EUR) in accordance with Accountancy Act, Measures of Ministry of Finance on Chart of Account and the Accounting Procedures for Banks and Measures of Ministry of Finance on Chart of Account and the Accounting Procedures for Enterprises. Foreign currency denominated transactions are converted to the national currency (EUR) using the monthly average exchange rate.

Valuation: Generally transactions are recorded at market prices.

The quarterly data are not revised. Only the annual balance of payments data are finalized. The final annual data are disseminated 21 months after the end of the reference year, through the Internet on the NBS's website.

Preliminary data are indicated as such.