Slovenia Exports Grows Faster Than Imports In January

Slovenia Producer Price

Slovenia has recorded better exports growth than imports in February on a year-on-year basis, according to its statistical office statement. As a result, trade surplus reached the second biggest in the month after 2016.

Incidentally, the latest monthly trade surplus was the fifth straight one.

Slovenia exports increased 13.6 percent to Euro 2.4 billion in January from the previous year month. On the other hand, imports advanced 12.5 percent to Euro 2.4 billion in the same period.

Comparing the average monthly exports and imports value of 2017, the latest period data indicated 1.7 percent more in the case of exports while it was 2.5 percent high in the case of imports.

The release pointed out that export/import ratio was 101.6 percent in January while external trade surplus amounted to Euro 36.7 billion. This was attributed to trade surplus within EU member States.

“As regards trade with EU Member States, in January 2018 Slovenia exported goods worth EUR 1.9 billion (a 15.1% increase compared to January 2017) and imported goods worth EUR 1.8 billion (a 7.8% increase compared to January 2017). The surplus in trade in goods with EU Member States amounted to EUR 66.3 million in January 2018 and was the highest in the past two years,” the statement added.

As far as trade with non-member EU nations, Slovenia recorded 8.2 percent growth in exports to Euro 0.5 billion in January. However, imports jumped 32.2 percent to Euro 0.5 billion on a year-on-year basis.

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