FX.co ★ Slovakia Trade Surplus Widens Sharply in May

In May 2025, Slovakia's trade surplus experienced a significant increase, reaching EUR 560.8 million compared to EUR 107 million in the same month the prior year, significantly surpassing market forecasts, which were set at EUR 130 million. This enhancement was primarily attributed to a rise in exports paired with a reduction in imports. Exports saw a 3.1% year-on-year growth, amounting to EUR 9,375.3 million, notably propelled by a more than 27% surge in miscellaneous manufactured articles. Exports to the EU increased by roughly 3%, while exports to non-EU countries saw a 5% uptick. Conversely, imports decreased by 1.9% to EUR 8,814.5 million, mainly owing to a decline exceeding 22% in the mineral fuels sector, including oil, electricity, and natural gas. Imports from non-EU countries fell by more than 7%, whereas those from EU countries rose by 1%. For the first five months of the year, the overall trade surplus contracted to EUR 764.5 million from last year's EUR 2,172.2 million.