Exports and imports of goods, Slovenia, June 2020

Exports and imports in the first half of 2020 lower than in the same period of 2019

Exports in June 2020 were lower than in June 2019 by 4.2% (amounting to EUR 2,682.4 million) and imports were lower by 5.1% (amounting to EUR 2,562.4 million). In the first half of 2020, exports were 5.6% lower than in the same period of 2019, imports were lower by 10.3%.

  • 8/7/2020
  • |
  • provisional data
Exports and imports in June 2020 lower than in June 2019

Slovenia’s exports and imports in June 2020 decreased compared with June 2019; exports were 4.2% lower (amounting to EUR 2,682.4 million), imports were 5.1% lower (amounting to EUR 2.562.4 million). After significant annual decreases in the value of external trade in this year’s April and May, the effect of the epidemic has been reduced in June.

In June 2020 too, a surplus was generated in external trade in goods, as in all months of this year so far, and amounted to EUR 120.0 million. The export-import ratio was 104.7%.

In June 2020, the value of external trade was the highest with products from the divisions Medicinal and pharmaceutical products and Road vehicles. The decreased value of trade in goods compared with June 2019 was most affected by the lower value of trade with products from the division Petroleum and petroleum products, value of exports of these products decreased by more than a half, while value of imports decreased by more than a third.
 
Exports to EU Member States lower, to EU non-member countries higher than in June 2019

In June 2020, Slovenia's exports to EU Member States amounted to EUR 1,762.1 million (down by 11.4% over June 2019), and imports amounted to EUR 1,702.7 million (down by 11.0% over June 2019). 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 in June 2020 amounted to EUR 920.3million (up by 13.5% over June 2019), and imports from those countries amounted to EUR 859.7 million (up by 9.3% over June 2019). Switzerland was Slovenia’s most important trade partner among those countries and an increase of value of trade with this country (at almost 60%) has affected the increase of value of trade with EU non-member countries the most. Exports to Russia and imports from China were also higher than in June 2019.

Exports and imports in the first half of 2020 lower than in the same period of 2019

Exports in the first six months of 2020 amounted to EUR 15,906.1 million (down by 5.6% over the same period 2019), and imports amounted to EUR 15,077.0 million (down by 10.3% over the same period 2019). An external trade surplus was recorded in the first half of 2020 (amounting to EUR 829.1 million), while the export/import ratio was 105.5%.

After recording growth in external trade in goods in the first quarter of 2020, the second quarter (particularly April and May) was significantly denoted by the epidemic. In the first quarter the growth of value of exports compared with the same period of 2019 was 6.6% and of imports 3.2%. In the second quarter of 2020 at the annual level value of exports decreased by 17.3%, while value of imports decreased by 22.8%.

Monthly values of exports and imports, Slovenia
Monthly values of exports and imports, Slovenia
Source: SURS
Exports and imports of goods, Slovenia
VI 2020I–VI 2020VI 2020
VI 2019
I–VI 2020
I–VI 2019
1,000 EURindex
Exports2,682,41615,906,13595.894.4
  EU-271,762,10010,448,47488.684.1
  EU non-member countries920,3175,457,662113.5123.2
Imports2,562,41915,077,01994.989.7
  EU-271,702,68810,213,98989.083.2
  EU non-member countries859,7314,863,029109.3107.1
Trade balance119,997829,117-1)-1)
Exports as % of imports104.7105.5-1)-1)
1) Not applicable.
Source: SURS
METHODOLOGICAL NOTE
Monthly data for 2020 are provisional. With each First Release, the data can be corrected and completed with new data. Final data for 2020 will be published in June 2021.

With the exit of the United Kingdom from the EU (February 2020), Slovenia's trade in goods with the mentioned country is now being considered in the scope of Slovenia's trade with EU non-member countries (Extrastat), and no longer in trade with EU Member States (Intrastat). The recalculation has also been made for the previous periods of 2020 and when calculating growth rates also for the corresponding 2020 periods. Due to the mentioned adjustment of data, the share of Slovenia's trade with EU Member States in Slovenia's total trade decreased and the share of Slovenia's trade with EU non-member countries increased accordingly.

Visit our SiStat database.