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Exports up 19% y/y in August

Ljubljana, 10 October (STA) - Slovenia exported goods worth EUR 2.05bn and imported goods worth EUR 2.09bn in August, a rise of 18.7% and 17.8%, respectively, compared with the same month a year ago, data from the Statistics Office show.

August was the first month this year that a trade deficit was recorded; it stood at EUR 34.9m. The export-import ratio in August was 98.3%, the lowest in 2017.

EU markets accounted for 77% of Slovenia's exports and for 76% of the imports. Exports to the EU rose by 21% year-on-year to EUR 1.58bn and imports from there increased by 12% to EUR 1.59bn.

Exports to non-EU markets increased by 12% y/y to EUR 475m in August, while imports surged by 42% to EUR 499m.

"The reason for the strong growth is several transactions involving imports of products from petroleum oils and oils obtained from bituminous minerals," the Statistics Office said.

The most important trading partners among EU member states in August were Germany and Italy, both in the case of exports and imports.

The leading non-EU trading partners were Serbia and Russia in exports, and China and the US in imports.

Exports in the first eight months of the year amounted to EUR 18.31bn, up 12.5% year-on-year, while imports rose 14.2% to EUR 17.86bn with the surplus at EUR 456m and the export-import ratio at 102.6%.

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