Business News

Slovenia's exports up by a quarter Y/Y in August

Ljubljana, 08 October (STA) - Slovenia exported EUR 2.8 billion in good in August or 25.4% more year-on-year, while imports surged by 39.4% to EUR 3.3 billion. A EUR 500 million trade deficit was thus recorded, with the export-import ratio standing at 85.1%, the Statistics Office reported on Friday.

Trade in August was also larger by volume than trade in August 2019 - exports were up by 20.3% and imports increased by 40.6%.

Around two-thirds of Slovenia's total exports in August went to the fellow EU member states, while the share of imports from these countries was approximately at the same level.

Exports to EU member states increased by 26.6% year-on-year to EUR 1.9 billion, and imports were up by 27.2% to EUR 1.9 billion.

Slovenia's exports to third countries were up by 22.9% to EUR 0.9 billion, while imports surged by 62% to EUR 1.3 billion, mostly on the account of intensified trade with China.

In the first eight months of the year, Slovenia's exports rose by 19.5% to EUR 25.4 billion, while imports increased by 26.9% year-on-year to EUR 25.8 billion.

This stood for a EUR 300 million deficit in the January-August period, with the coverage of imports with exports standing at 98.6%.

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