International Trade: Exports: Value (Goods): Total for Slovak Republic
XTEXVA01SKA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.86
Year-over-Year Change
30.56%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic trend measures the total value of goods exported from the Slovak Republic, providing insights into the country's international trade activity and position in global markets.
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 International Trade: Exports: Value (Goods): Total for Slovak Republic series tracks the dollar value of all goods exported from Slovakia. This metric is closely watched by economists and policymakers to assess the country's economic performance, trade balance, and competitiveness.
Methodology
The data is collected and calculated by the Slovak Statistical Office based on customs declarations and surveys.
Historical Context
Trends in Slovak exports are relevant for understanding the nation's broader economic conditions and trade policy.
Key Facts
- Slovakia is a major exporter of machinery, vehicles, and electrical equipment.
- Exports account for over 90% of Slovakia's GDP.
- The EU is the destination for over 85% of Slovak exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods exported from the Slovak Republic, providing insights into the country's international trade activity and performance.
Q: Why is this trend relevant for users or analysts?
A: Trends in Slovak exports are closely watched by economists and policymakers to assess the country's economic conditions, trade balance, and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Slovak Statistical Office based on customs declarations and surveys.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this export data to understand Slovakia's trade dynamics and inform decisions on trade policy, industrial strategy, and economic development.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the series does not capture certain types of exports, such as services trade.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Slovak Republic
NAEXKP03SKA652S
Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Slovak Republic
PIEAFD01SKM661N
Value of Exports to Slovakia from Rhode Island
RISVKA052SCEN
Gross Portfolio Debt Liabilities to GDP for Slovakia
DDDM10SKA156NWDB
Share Prices: All Shares/Broad: Total for Slovak Republic
SPASTT01SKQ657N
Harmonized Index of Consumer Prices: Food for Slovakia
CP0110SKM086NEST
Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Slovak Republic (XTEXVA01SKA188S), retrieved from FRED.