Commercio
09/05/11
Commercio in Slovenia
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03/01/12
Trade in Slovenia
Slovenia's economy is highly dependent on international trade. The ratio of merchandise trade (imports and exports) to GDP is one of the highest in the region.
Exports and imports as a % of GDP, 2009
- Source: Eurostat; Europe in figures 2012
In the early 1990s Slovenia, faced with the loss of Yugoslav markets and the breakdown of transport and communications to south-eastern Europe, reoriented trade towards the EU and associated countries; these now account for over two thirds of Slovenia's trade. Pre-transition trade links have not disappeared, however; by 2000, the decline of trade with countries of the former Yugoslavia and Russia had been halted.
Main trading partners, 2010 (% of total)
Export Markets | EUR million | Import Markets | EUR million |
|---|---|---|---|
Germany | 3,616 | Germany | 3,655 |
Italy | 2,233 | Italy | 3,529 |
Austria | 1,493 | Austria | 2,406 |
France | 1,478 | France | 1,090 |
Croatia | 1,220 | Hungary | 805 |
Poland | 630 | Croatia | 746 |
Serbia | 572 | The Netherlands | 656 |
Hungary | 544 | Czech Republic | 505 |
Russian Federation | 534 | Spain | 454 |
Bosnia & Herzegovina | 528 | China | 449 |
United Kingdom | 450 | Belgium | 424 |
Czech Republic | 435 | Poland | 415 |
TOTAL export | 18,243 | TOTAL import | 19,881 |
Source: SORS; 2011
The product composition of merchandise trade, still dominated by semi-finished and intermediate manufacturing goods, is shifting gradually. The shares of textiles, clothing and steel in merchandise exports are declining slightly, while those of automotive products, electronics and pharmaceuticals are increasing.
Main trading products by divisions of the SITC, 2010
Exports of groups of goods | as % of total | Imports of groups of goods | as % of total |
|---|---|---|---|
Road vehicles | 14.1 | Road vehicles | 10.1 |
Electrical machinery, apparatus & appliances | 11.0 | Petroleum & petroleum products | 9.2 |
Medical & pharmaceutical products | 8.8 | Electrical machinery, apparatus & appliances | 65 |
General industrial machinery | 5.8 | Iron & steel | 4.5 |
Metal products | 4.7 | General industrial machinery | 3.9 |
Iron & steel | 3.5 | Medical & pharmaceutical products | 3.7 |
Miscellaneous manufactured articles | 3.3 | Non-ferrous metal | 3.7 |
Non-ferrous metals | 3.1 | Manufactures of metal | 3.5 |
Furniture & parts thereof | 2.9 | Miscellaneous manufactured articles | 3.1 |
Source: SORS, Slovenia in Figures, 2011
In recent years the structure of Slovenian commodity exports has shifted in favour of products that use technology and human resources most intensively.
Current account balance as % of GDP, 2006-2013
2006 | 2007 | 2008 | 2009 | 2010 | 2011 forecast | 2012 forecast | 2013 forecast | |
|---|---|---|---|---|---|---|---|---|
Current account balance | -2.5 | -4.8 | -6.9 | -1.3 | -0.8 | -1.0 | -0.5 | 1.0 |
Source: Institute for Macroeconomic Analysis and Development, 2011
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The document has been prepared by the Centre for International Cooperation and Development.