International Merchandise Trade Statistics: Trade Balance: Commodities for Slovak Republic
SVKXTNTVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-43,346,960.00
Year-over-Year Change
-116.38%
Date Range
12/1/1992 - 4/1/2025
Summary
The Trade Balance: Commodities for Slovak Republic measures the difference between the total value of the country's merchandise exports and imports over a given period. This economic indicator provides insights into Slovakia's international trade dynamics and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Trade Balance: Commodities for Slovak Republic tracks the net flow of physical goods and raw materials traded between Slovakia and its global trading partners. It is a key metric used by economists and policymakers to assess the nation's trade position, current account, and broader economic performance.
Methodology
The data is collected by Slovakia's national statistical agency based on customs declarations and other administrative sources.
Historical Context
The trade balance is a closely watched indicator for its implications on economic growth, employment, and exchange rates.
Key Facts
- Slovakia has a population of over 5.4 million people.
- The European Union is Slovakia's largest trading partner.
- Manufacturing is a key driver of the Slovak economy.
FAQs
Q: What does this economic trend measure?
A: The Trade Balance: Commodities for Slovak Republic measures the difference between the total value of Slovakia's merchandise exports and imports over a given period.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of Slovakia's international competitiveness and economic performance, with implications for the country's growth, employment, and exchange rates.
Q: How is this data collected or calculated?
A: The data is collected by Slovakia's national statistical agency based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the trade balance to assess the country's trade position, current account, and broader economic health, informing decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Slovak statistical agency, with typical release schedules and potential for revisions based on updated information.
Related Trends
Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Slovakia
DDOI12SKA156NWDB
Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Slovak Republic
IRSTCI01SKM156N
Provisions to Non-Performing Loans for Slovakia
DDSI07SKA156NWDB
Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Slovakia
CP0722SKM086NEST
Infra-Annual Labor Statistics: Working-Age Population Female: From 15 to 74 Years for Slovak Republic
LFWA74FESKQ647S
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Imputed Rentals for Housing: Total for Slovak Republic
SVKCP040200GPM
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Slovak Republic (SVKXTNTVA01CXMLM), retrieved from FRED.