The Slovenia Times

Slovenia's exports down 5.6% in H1, imports drop by 10.3%


The effect of the coronavirus pandemic was less pronounced in June than in April and May, when exports were for instance down 28.8% and 19.8% respectively in the year-on-year comparison.

The value of external trade in June was the highest with products from the divisions medicinal and pharmaceutical products and road vehicles. The decreased value of trade in goods was most affected by trade with petroleum products.

Slovenia's exports to EU member states amounted to EUR 1.76 billion, down by 11.4% over June 2019, and imports to EUR 1.70 billion, down by 11.0%. The decrease of value of trade with this group of countries was most affected by the decreased trade with Italy and Austria, on the side of exports also with Croatia.

Exports to EU non-member countries amounted to EUR 920.3 million, up by 13.5% over June 2019, and imports to EUR 859.7 million, up by 9.3% over June 2019. Switzerland was Slovenia's most important trade partner among non-EU countries and the value of trade with it increased by almost 60%. Exports to Russia and imports from China were also higher than in June 2019.

Meanwhile, exports in the first six months of 2020 amounted to EUR 15.91 billion, down by 5.6% over the same period in 2019, and imports to EUR 15.09 billion, down by 10.3%.

An external trade surplus of EUR 829.1 million was recorded in the first half of 2020, while the export/import ratio was 105.5%.


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