Business News

Exports in August up 4.9% year-on-year, imports up by 4.3%

Ljubljana, 10 October (STA) - Slovenia exported EUR 2.32 billion worth of goods in August, which is 4.9% more than in the same month last year, while imports were up by 4.3% to EUR 2.3 billion, according to preliminary data released by the Statistics Office.

Trade surplus thus stood at EUR 20 million in August, for an exports-to-imports coverage of 100.88%.

August was the second month this year (in addition to June) in which the value of trade with the EU member states decreased. It was down by 2.5% compared to August 2018 to EUR 1.65 billion.

Exports from the EU countries meanwhile reached EUR 1.73 billion, or 1.7% less than in the same month last year, largely because of a drop in trade with Germany as the largest partner to Slovenia.

Slovenia meanwhile exported EUR 667 million worth of goods to non-EU countries, up 28.9% year-on-year, while imports were up by 28.3% to EUR 568 million in August.

In the first eight months of the year, Slovenia's exports were up by 8.9% to EUR 22.15 billion, and imports were up by 11.3% to EUR 22.14 billion.

In the January-August period, trade surplus was minimal, at EUR 4 million, and trade was almost perfectly balanced, with the exports-to-imports coverage at 100.02%.

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