Slovakia

Slovakia ranked No. 62 in total trade value through May with a total of $1.65 billion. Exports totaled $131.85 million and Imports totaled $1.52 billion, a deficit of $1.39 billion.

U.S. trade with Slovakia rose to $1.46 billion through May

Slovakia’s trade with the United States rose to $1.46 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 37.32 percent below its total trade during the same time period last year. U.S. exports to Slovakia decreased 40.97 percent while U.S. imports from Slovakia fell 37.04 percent. The U.S. deficit with Slovakia was $1.26 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Providence, R.I.; No. 3 Port of Jacksonville, Fla.; No. 4 Port of San Diego, Calif.; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Port of Providence, R.I.; No. 2 Port of Houston; No. 3 Port of Jacksonville, Fla.; No. 4 Port of San Diego, Calif. and No. 5 Carquinez Strait, Calif.. In the current time period, the top five accounted for 56.99 percent of Slovakia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 49.94 percent to $291.09 million.
    Exports fell 58.33 percent to $1.97 million. Imports fell 49.87 percent to $289.12 million.
  • Trade with No. 2 Port of Providence, R.I. fell 59.19 percent to $240.18 million.
    There were no exports. Imports fell 59.19 percent to $240.18 million.
  • Trade with No. 3 Port of Jacksonville, Fla. fell 53.08 percent to $185.76 million.
    There were no exports. Imports fell 53.08 percent to $185.76 million.
  • Trade with No. 4 Port of San Diego, Calif. fell 60.27 percent to $112.06 million.
    Exports fell 86.5 percent to $43,548. Imports fell 60.24 percent to $112.01 million.
  • Trade with No. 5 Port of Newark fell 8.79 percent to $110.8 million.
    Exports fell 62.38 percent to $3.87 million. Imports fell 3.83 percent to $106.93 million.

Slovakia ranked No. 62 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 61.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Slovakia by value through May were the categories of Iron ores and concentrates; Coal, briquettes; Motor vehicle engines; Low value shipments; and Pumps for dispensing liquids, respectively. They accounted for 28.92 percent of total exports to Slovakia.

The value of the top five categories of U.S. imports from Slovakia –– Passenger vehicles; Rubber tires; Motor vehicle parts; Transmission shafts, bearings, gears; and Compressors and pumps –– accounted for 77.29 percent of all inbound shipments.

Looking more closely at U.S. exports to Slovakia:

  • Iron ores and concentrates totaled $10.87 million. The previous year, there were no exports in this category.
  • Coal, briquettes rose 454.29 percent compared to last year to $7.93 million.
  • Motor vehicle engines rose 67.85 percent compared to last year to $7.24 million.
  • Low value shipments rose 5.84 percent compared to last year to $6.89 million.
  • Pumps for dispensing liquids rose 12.68 percent compared to last year to $5.21 million.

Looking more closely at U.S. imports from Slovakia:

  • Passenger vehicles fell 51.95 percent compared to last year to $1.03 billion.
  • Rubber tires rose 6.3 percent compared to last year to $58.7 million.
  • Motor vehicle parts fell 22.36 percent compared to last year to $30.9 million.
  • Transmission shafts, bearings, gears fell 8.34 percent compared to last year to $29.61 million.
  • Compressors and pumps fell 1.6 percent compared to last year to $25.68 million.

In the latest annual figures available, Slovakia recorded $5.54 billion in trade with the United States. Total U.S. exports to Slovakia were $ 389.07 million and imports from Slovakia were $5.15 billion. The U.S. deficit with Slovakia was $4.76 billion.