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Insights for Slovakia
BETA
January 2026 period, National level, Product aggregation
AI
Summary: Overall, Slovakia's trade values indicate a mixed performance in the recent period. Month-on-month, both imports and exports showed positive growth, with imports increasing by 181.05 million EUR and exports by 149.58 million EUR. However, year-on-year comparisons reveal a decline in both imports and exports, with imports down by 343.27 million EUR and exports by 184.5 million EUR. This trend highlights the challenges faced by Slovakia's export-reliant economy, particularly in light of the recent credit downgrade by S&P Global Ratings.
AI
MoM insights: In the month-on-month analysis, Slovakia's imports totaled 8.44 billion EUR, reflecting an increase of 181.05 million EUR (approximately 2.19%). The top three countries contributing to this increase were Austria (134.79 million EUR), Slovenia (132.92 million EUR), and China (109.17 million EUR). Conversely, the bottom three were Czechia (-164.04 million EUR), the United States (-143.35 million EUR), and Hungary (-56.71 million EUR). For exports, the total was 8.46 billion EUR, with a rise of 149.58 million EUR (about 1.80%). The leading contributors were Germany (157.18 million EUR), the United Kingdom (132.15 million EUR), and Italy (72.14 million EUR), while the declines were seen in Austria (-79.94 million EUR), Ukraine (-72.15 million EUR), and the United States (-69.29 million EUR).
AI
YoY insights: In the year-on-year analysis, imports reached 8.44 billion EUR, showing a decrease of 343.27 million EUR (approximately -3.91%). The top three countries with significant increases were Slovenia (156.99 million EUR), Vietnam (99.23 million EUR), and Czechia (76.49 million EUR). The largest declines were from Russia (-258.09 million EUR), Austria (-244.68 million EUR), and South Korea (-195.23 million EUR). Exports totaled 8.46 billion EUR, down by 184.5 million EUR (-2.14%). The top increases came from the United Kingdom (95.12 million EUR), France (50.4 million EUR), and Canada (29.6 million EUR), while the largest decreases were from Poland (-135.96 million EUR), China (-113.14 million EUR), and Switzerland (-51.41 million EUR).
