Jaguar Land Rover is expected to be one of the main drivers of Slovakia’s foreign trade in the second half of 2018. The British carmaker is gearing up to open its new 300,000 sqm production plant in Nitra later this year, which economists say will boost the country’s export volume. In February, the foreign trade surplus totaled €140.8m, down from €151.6m y-o-y, according to recent data released by the Statistics Office this week. The export volume for the month totaled €6.249bn, an increase of 4.9 percent y-o-y. Imports, meanwhile, were up 7.9 percent, totaling €6.1bn, according to the data. Slovakia’s GDP growth for 2018 is forecasted at 3.9 percent.
