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Slovenia: Higher exports and imports in August 2021 than in August 2020

Slovenia in August 2021, recorded exports and imports higher than a year earlier, as exports amounted to 2.8 billion euros and imports to 3.3 billion euros. The result can be attributed to greater trade with EU Member States as well as non-member countries, the State Statistics Agency said.

In August 2021, Slovenia exported 2.8 billion euros and imported 3.3 billion euros in goods. The value of exports in August 2021 was 25.4% higher and of imports 39.4% higher than in August 2020. The ratio between exports and imports was 85.1%. The foreign trade deficit was recorded and reached 0.5 billion euros.

Foreign trade was higher in August 2021 than two years ago (in August 2019), as the value of exports was 20.3% higher and imports 40.6% higher than in August 2019.

In August 2021, the most significant increase in the value of goods exported from the International Standard Trade Classification (SITC) was from the following product groups: medicines, medical and pharmaceutical products (excluding medicines), aluminum and electricity. They also contributed the most to total exports compared to August 2020 and August 2019. A significant part contributed to the increase in exports in August 2021 from the export of goods from the product group motor cars and petroleum oils and oils obtained from minerals bituminous (except gross) compared to August 2020.

In terms of value, the most significant increase in August 2021 compared to August 2020 and August 2019 in imports was from the product groups organo-inorganic compounds, heterocyclic compounds, nucleic acids and their salts and sulfonamides. An increase was also observed by the following product groups: medicines, railway vehicles (including hovertrains) and related equipment, telecommunications equipment and aluminum. Goods imported from product groups Petroleum oils and oils obtained from bituminous minerals (other than crude) and electricity increased in terms of values ​​in August 2021 compared to August 2020 and decreased in terms of values ​​compared to August 2019.

Slovenia accounted for approximately two thirds of total exports to EU Member States. The value of exports reached 1.9 billion euros, 26.6% more than in August 2020. The share of total imports in EU Member States was slightly less than two thirds, as imports reached 1.9 billion euros, 27.2% more than in August 2020

Slovenia’s foreign trade with non-EU countries was also somewhat higher in August 2021 than in August 2020. Slovenia’s exports to those countries amounted to 0.9 billion euros (which was 22.9% more than in August 2020) , and imports to 1.3 billion euros (which was 62.0% more than in August 2020). An increase in imports from non-member countries in August 2021 can be attributed to increased trade with China.

In the first eight months of 2021, Slovenia’s exports amounted to 25.4 billion euros and imports to 25.8 billion euros. Exports and imports were higher compared to the same period of 2020, exports by 19.5% and imports by 26.9%. The foreign trade deficit reached 0.3 billion euros in that period, while the export-import ratio was 98.6%.

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