Slovenia records €36.7mn external trade surplus in January

Slovenia records €36.7mn external trade surplus in January
By bne IntelliNews March 12, 2018

Slovenia recorded a trade surplus amounting to €36.7mn in January, swinging from an external trade deficit of €17.1mn in December, the Statistical Office announced on March 12. The surplus is attributed to Slovenia's surplus in trade with EU member states.

Slovenia is mainly an export-oriented country, and exports are expected to continue growing in the coming years. According to the statistical office, a surplus in trade in goods in January was recorded for the fifth consecutive year and was second largest behind January 2016.

According to the latest Statistical Office data, in January the export/import ratio was 101.6%.

Both segments recorded growths in annual terms – exports were 13.6% higher than in January 2017, while imports were 12.5% higher than in first month of last year. Compared to the average values of monthly exports and imports in 2017, the value of exports in January was 1.7% higher, while the value of imports was 2.5% higher.

Slovenia exported goods worth €2.4bn and imported goods worth approximately the same amount during the month. 

In January, Slovenia exported goods worth €1.9mn (a 15.1% increase compared to January 2017) to EU countries and imported goods worth €1.8bn (a 7.8% increase compared to January 2017) to the bloc. The surplus in trade in goods with EU members amounted to €66.3mn in January and was the highest in the past two years.

Meanwhile, regarding the trade with non EU member countries, Slovenia exported goods worth €500mn, which was an 8.2% increase in annual terms. Slovenia imported goods worth about the same from countries outside the EU, which was a 32.2% increase compared to January 2017, the Statistical Office’s latest data indicated.

This increase was mainly because of a single large import in the power-generating machinery and equipment category. This resulted in a deficit in trade with countries outside the EU for only the second time in the last three years. Since February 2015 a trade surplus has been recorded in all months except in August 2017. 

Data

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