|Unit||Ths. EUR, NSA|
|Adjustments||Not Seasonally Adjusted|
|Balance of Goods||Dec 2019||-732.09||-564.06||Mil. EUR YTD, NSA||Monthly|
|Current Account Balance||Dec 2019||-2,774||-2,445||Mil. EUR YTD, NSA||Monthly|
|Exports of Goods||Dec 2019||5,954,400||7,358,621||Ths. EUR, NSA||Monthly|
|Imports of Goods||Dec 2019||5,978,700||7,229,488||Ths. EUR, NSA||Monthly|
|Exports of Goods and Services||2019 Q3||21,556||21,615||Mil. EUR, SA||Quarterly|
|Imports of Goods and Services||2019 Q3||21,784||21,538||Mil. EUR, SA||Quarterly|
|Net Exports||2019 Q3||-231.1||396||Mil. EUR, NSA||Quarterly|
|Real Exports of Goods and Services||2019 Q3||21,080||20,965||Mil. Ch. 2015 EUR, SA||Quarterly|
|Real Imports of Goods and Services||2019 Q3||21,017||20,570||Mil. Ch. 2015 EUR, SA||Quarterly|
|Real Net Exports||2019 Q3||24||714.4||Mil. Ch. 2015 EUR, NSA||Quarterly|
Data are disseminated in millions of Slovak crowns (koruny - SKK) on total exports (f.o.b.), total imports (f.o.b.), and the external trade balance. Data are obtained from custom declarations for trade with non EU-member States (EXTRASTAT) and from statistical declarations for trade with EU-member States (INTRASTAT). Only VAT registered person with annual EU-arrivals of more than SKK 5,000,000 and/or annual EU-dispatches of more than SKK 10,000,000 are obliged to provide data. For other persons, adjustments are made using data from VAT declarations. The data are presented by months and on a cumulative basis since the beginning of the year. Data are also published broken down by: a) continents b) main economic groups of countries, selected countries c) sections of Harmonized system
Concepts and definitions
Foreign trade statistics generally covers the movement of goods between Slovak Republic and the rest of the world.
Total imports include goods entering Slovak Republic intended for a domestic consumption, and also for processing and subsequently re-exported.
In the total exports, there are included goods permanently leaving territory of the Slovak Republic or goods leaving the territory for processing and subsequently re-imported. Since May 1, 2004 Slovak foreign trade statistics have been composed of data from EXTRASTAT system and INTRASTAT system.
EXTRASTAT system furnish information on exchange of commodities with non-member countries of the European Union based on documents prescribed for customs procedure, INTRASTAT system contain information on commodity transactions with EU Member States as partner countries obtained from statistical survey. The results of these two statistics are however presented to users of the data as a whole in the description of foreign trade.
The customs documents, as a data source, have been processed according to different regulations of the Ministry of Finance (MF SR). As a result, the series for 1993 through 1997 are not fully comparable with later data. International or regional guidelines: Foreign trade statistics is compatible with procedure and legislation of European Community in this area and with international recommendations in the UN International Trade Statistics Concepts and definitions. Classification/sectorization goods are classified according to the 8-digit EU Combined nomenclature (CN), which is based on the Harmonized System (HS).
Data are also published according to the Standard International Trade Classification (SITC), Rev. 3 and by Broad Economic Categories. Countries are coded according to 2-digit ISO 3166 alphabetic codes and in accordance with EU Geonomenclature countries and territories. Transaction coverage included are all movable property, including electric current, gas, water and processing trade (since January 1998).The main exclusions are transit operations, goods temporarily admitted or dispatched, operational leases, goods for repair and goods after repair with substituted parts.
Indirect imports and indirect exports, i.e. only customs formalities take place, are excluded from statistics on national level in Slovakia (according to this methodology data will be recalculated since the year 2006). Geographic covers full customs territory of the Slovak Republic.
Goods located in Slovak free zones and customs warehouses are included in imports statistics at the moment of release into the free circulation area. No transactions with specific countries are excluded from the statistics. Since July 1, 2001 the statistics are compiled according to nomenclature countries and territories (GEONOM) used in EU. Conversion to unit of accounting INTRASTAT system for conversion of foreign currency to SKK, there is used the exchange rate which was used for tax purposes (VAT) or rate according to customs regulations valid in the day of physical movement of goods.
Within the trade with non-member countries customs authorities use for conversion to SKK the exchange rate announced by the National Bank of Slovakia for the penultimate Wednesday of the month preceding the month in which the customs debt has been charged. Statistics published in foreign currency (for instance in US dollars) convert SKK at the monthly average exchange rate. Valuation Total exports and total imports are published as a FOB value.
For both total imports and total exports, it is also possible to calculate the CIF value. Value by comparison with value which would have been invoiced in the event of any sale or purchase is assigned to non-invoiced merchandise.
Monthly data (total and detail) are preliminary when first released. The preliminary and final status of the data is indicated in the publications.
Much of the information on this page was taken directly form the source at: