United Kingdom (GBR) and Slovenia (SVN) Trade

2023

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Exports $449MRnk 65 / 223

2023

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About

United Kingdom-Slovenia Trade: In 2023, United Kingdom exported $449M to Slovenia. The main products that United Kingdom exported to Slovenia were Packaged Medicaments ($58.1M), Cars ($46.7M), and Sulfonamides ($34.5M). Over the past 5 years the exports of United Kingdom to Slovenia have decreased at an annualized rate of 7.14%, from $650M in 2018 to $449M in 2023.

In 2019, United Kingdom exported services to Slovenia worth $135M, with Travel ($49.7M), Transportation ($48.5M), and Government services, n.i.e. ($17.8M) being the largest in terms of value.

Slovenia-United Kingdom Trade: In 2023, Slovenia exported $894M to United Kingdom. The main products that Slovenia exported to United Kingdom were Cars ($60.9M), Video Displays ($46.2M), and Packaged Medicaments ($39.7M). Over the past 5 years the exports of Slovenia to United Kingdom have increased at an annualized rate of 7.16%, from $633M in 2018 to $894M in 2023.

In 2020, Slovenia exported services to United Kingdom worth $181M, with Computer and information services ($36.2M), Transportation ($32M), and Other business services ($31M) being the largest in terms of value.

Comparison: In 2023, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £16.5M and imported £61.8M from Slovenia, resulting in a negative trade balance of £45.3M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-7.59M (-31.6%) from £24M to £16.5M, while imports decreased by £-12.9M (-17.3%) from £74.7M to £61.8M.

Trade In November 2024, the top exports of United Kingdom to Slovenia were Packaged Medicaments (£1.54M), Machinery Having Individual Functions (£999k), Large Construction Vehicles (£925k), Commodities not elsewhere specified (£860k), and Other Iron Products (£430k). In November 2024 the top imports of United Kingdom from Slovenia were Packaged Medicaments (£3.17M), Cars (£2.18M), Video Displays (£2.09M), Ice Cream (£2.05M), and Electrical Ignitions (£1.61M).

Origins In November 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£12.4M), East Midlands Airport (£1.66M), Dover (£377k), London Heathrow Airport (£184k), and Tyne (£140k), while imports destinations were mainly Dover (£41.5M), Harwich (£5.21M), Eurotunnel (£4.06M), and Dover Eurotunnel (£2.63M).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Slovenia was explained primarily by an decrease in product exports in Cars (£-1.83M or -92.8%), Video and Card Games (£-568k or -95.7%), and Integrated Circuits (£-385k or -84.4%). In November 2024, the decrease in United Kingdom's year-by-year imports from Slovenia was explained primarily by an decrease in product imports in Refrigerators (£-8.92M or -97.5%), Video Displays (£-4.5M or -68.3%), and Aluminium Plating (£-1.89M or -81.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)£-7.59M(-31.6%)

IMPORT GROWTH (November 2023 - November 2024)£-12.9M(-17.3%)

MAIN EXPORTER (November 2024)Dover Eurotunnel£12.4M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Slovenia and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, United Kingdom exported $449M to Slovenia. The main products exported from United Kingdom to Slovenia were Packaged Medicaments ($58.1M), Cars ($46.7M), and Sulfonamides ($34.5M). During the last 5 years the exports of United Kingdom to Slovenia have decreased at an annualized rate of 7.14%, from $650M in 2018 to $449M in 2023.

In 2018, Slovenia exported $894M to United Kingdom. The main products exported from Slovenia to United Kingdom were Cars ($60.9M), Video Displays ($46.2M), and Packaged Medicaments ($39.7M). During the last 5 years the exports of Slovenia to United Kingdom have increased at an annualized rate of 7.16%, from $633M in 2023 to $894M in 2018.

Exports from United Kingdom () to Slovenia () (2023)

Exports from Slovenia () to United Kingdom () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$59.7B

Slovenia
Top DestinationSwitzerland$13.5B

This map shows whether countries import more from United Kingdom or Slovenia. Each country is colored based on the difference in imports they receive from United Kingdom and Slovenia or the difference in the growth in imports.

In 2023, countries that imported more from United Kingdom than Slovenia included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

In 2023, countries that imported more from Slovenia than United Kingdom included Switzerland ($13.5B), Croatia ($4.85B), and Serbia ($1.11B).

Difference in imports from Slovenia () and United Kingdom () (2023)

Comparative Advantage United Kingdom - Slovenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United Kingdom and Slovenia by product, considering products traded by both, United Kingdom and Slovenia.

During 2023, United Kingdom had a large net trade with Slovenia in the exports of Chemical Products ($143M), Machines ($112M), and Transportation ($65.8M).

During 2018, Slovenia had a large net trade with United Kingdom in the exports of Machines ($293M), Transportation ($115M), and Plastics and Rubbers ($94.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Slovenia+$40.2MCars

Top Product Potential Slovenia United Kingdom+$81.8MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Svn Year

Gbr Year

In 2019, United Kingdom exported services to Slovenia worth $135M, with Travel ($49.7M), Transportation ($48.5M), and Government services, n.i.e. ($17.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Slovenia () (2019)

Services Exports from Slovenia () to United Kingdom () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Slovenia. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Slovenia. Similarly, a dot/product with the flag of Slovenia indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom () and Slovenia () (2023)

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