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The food retail sector in Slovakia is consolidated, price sensitive, and competitive. The Slovak market is experiencing a boom in internet shopping for all food categories.
The U.S. Census Bureau's export data tracks U.S. food and agricultural trade shipped directly to Romania. However, it does not measure the substantial levels of the U.S. agricultural trade to Romania routed through Western European ports of entry.
Romania and its 20 million consumers offer increasingly viable market opportunities for U.S. food and agricultural products.
Slovakia was one of the fastest-growing economies among the EU Member States in 2015, recording a three percent increase in GDP.
As a result of the improved economic situation in Slovakia in 2015, increased consumer purchasing power and declining unemployment rate, sales in the grocery retail market also increased.
Slovakia took over its first ever European Union (EU) Council Presidency on July 1, 2016.
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