Slovenia Exports Goods and Services Worth 2.6 Billion Euros

In October, Slovenia exported goods and services worth 2.6 billion euros, which is 20.6% more than in October 2016. The volume of imports amounted to 2.4 billion euros, which is 17.3% higher than the same figure last year. According to the Statistical Service, for 10 months of 2017, the volume of export increased by 13.2%, and the volume of import grew by 14.3%.

Approximately half of the exports growth is determined by an increase in the export of cars, electrical appliances and devices, petroleum products, pharmaceuticals and industrial equipment for a wide range of applications.

Slovenia made almost four-fifths of the total commodity exchange in October 2017 through trading with EU countries. Among the EU member states, Germany and Italy are the most important trade partners of Slovenia in the export-import category. Among the countries that are not the EU members, the export category is occupied by Serbia and Russia, and the import category involves China and Turkey.

In terms of macroeconomics, it is important to note the growth of industrial production—bout 8% in the average annual perspective. The October index of the industrial production cost exceeded the average value of 2010 by 28%, and the aggregate average revenue from sales of industrial enterprises grew by 25%.