Business News

Export, Imports Down in May Y/Y

Ljubljana, 10 July (STA) - Slovenia recorded a drop in international trade in May, as both its exports and imports were down on the yearly level. Exports amounted to EUR 1.79bn, down 2.7% year-on-year, while imports reached EUR 1.83bn, which was a 10.5% drop compared to May 2011. The export-import ratio was at 97.7%, the Statistics Office said on Tuesday.

However, the month-on-month comparison shows that both exports and imports picked up in May over April.

Exports to other EU countries accounted for 69.3% of Slovenia's export in May, reaching EUR 1.24bn. Meanwhile, imports from the EU were at EUR 1.39bn, or 76% of total imports.

Slovenia exported EUR 550.3m-worth of goods to countries outside the EU and imported EUR 440.7m.

Preliminary data show that Slovenia exported between January and May goods worth EUR 8.73bn, up 1.1% over last year. It imported EUR 9.22bn worth of goods, down 1% year-on-year.

In this period, the trade gap stood at EUR 483.7m, while export-import ratio was at 94.8%.

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