Exports Up 10.6% in January, Driven By Strong Rise in Non-EU Trade

By , 11 Mar 2020, 12:06 PM Business
Exports Up 10.6% in January, Driven By Strong Rise in Non-EU Trade pxbay.com distel2610 CC by 0

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STA, 11 March 2020 - Slovenia exported EUR 3 billion worth of goods in January while it imported EUR 2.8 billion. Exports were up 10.6% and imports 5.2% in year-on-year comparison, the Statistics Office said on Wednesday. The export/import ratio was 107.5%.

A surplus in external trade was recorded year-on-year for January for the seventh consecutive time and it now reached the highest January level with EUR 207.4 million.

Slovenia recorded a slight drop in external trade with EU countries, as exports to these countries decreased by 0.8% and imports from them by 2.2% compared to January 2019.

The value of exported goods reached EUR 2 billion and of imported goods EUR 1.9 billion. Slovenia generated 68% of exports and 68.9% of imports in trade with EU countries.

Meanwhile, both exports and imports with non-EU countries were up, by 46.4% to EUR 954.5 million and by 26.5% to EUR 862.6 million, respectively.

The country generated a surplus of EUR 91.9 million in trade with non-EU countries, mostly on account of a rise in trade with Switzerland.

For quite a while, trade in pharmaceutical products with Switzerland has been on the rise since the Swiss pharma giant Novartis opened a logistics and distribution hub at Ljubljana airport serving this part of Europe.

You can see more of this data on SURS

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