Business News

Exports Expand 5.2% Y/Y in March

Ljubljana, 09 May (STA) - Slovenia's exports expanded by 5.2% to EUR 1.99bn in March from the same month a year ago, while imports shrunk by 0.2% to EUR 1.88bn, so that the trade surplus rose to EUR 117.2m, official statistics show.

Over three-quarters of merchandise trade in March was generated on EU markets, i.e. 75.7% of all exported merchandise and 80.2% of all imported goods, according to the Statistics Office.

The 5.2% year-on-year growth in exports was due to a 7.4% increase in exports to EU countries, while exports to other markets fell by 1.1%.

In the first quarter of the year, exports grew by 6.1% year-on-year to EUR 5.59bn, while imports fell by 1.3% to EUR 5.45bn with the surplus at EUR 141.2m.

It was mainly the export of machinery, transport equipment and chemical products that contributed to an increase in exports; the biggest increase was in merchandise exported to Croatia, Austria and Germany.

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