Iran and Slovakia increased bilateral trade exchange by 100 percent topping $30 million in 2004, Slovakia ministry of economy said Monday. Slovakia imports from Iran stood at $20 million, the report added.

Also Iran's imports from Slovakia were $10 million registering positive trade balance for Iran in 2004, Iran Customs Administration has reported.

The bilateral trade exchange was $15 million in 2003, the Slovakian government report added.

Following the independence of Slovakia in 1993 the trade figure registered a significant increase compared to the period of former Czechoslovakia. The 2004 trade figure is a record in the history of commercial relations between the two nations.

Experts forecast higher trade volume given to the nations’ potentials and capabilities. Slovakia's membership of the European Union can also pave the way for Iran to use European expertise and technology, it added.