2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$32,610CURRENT US$
Rnk 43 / 196
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195

About

Italy-Slovenia Trade: In 2023, Italy exported $5.59B to Slovenia. The main products that Italy exported to Slovenia were Refined Petroleum ($772M), Delivery Trucks ($109M), and Packaged Medicaments ($107M). Over the past 5 years the exports of Italy to Slovenia have increased at an annualized rate of 1.43%, from $5.2B in 2018 to $5.59B in 2023.

In 2020, Italy exported services to Slovenia worth $447M, with Transportation ($173M), Travel ($162M), and Other business services ($74M) being the largest in terms of value.

Slovenia-Italy Trade: In 2023, Slovenia exported $6.23B to Italy. The main products that Slovenia exported to Italy were Electricity ($540M), Refined Petroleum ($467M), and Cars ($355M). Over the past 5 years the exports of Slovenia to Italy have increased at an annualized rate of 9.86%,  from $3.89B in 2018 to $6.23B in 2023.

In 2020, Slovenia exported services to Italy worth $787M, with Transportation ($339M), Travel ($328M), and Communications services ($43.2M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $5.59B to Slovenia. The main products exported from Italy to Slovenia were Refined Petroleum ($772M), Delivery Trucks ($109M), and Packaged Medicaments ($107M). During the last 5 years the exports of Italy to Slovenia have increased at an annualized rate of 1.43%, from $5.2B in 2018 to $5.59B in 2023.

In 2018, Slovenia exported $6.23B to Italy. The main products exported from Slovenia to Italy were Electricity ($540M), Refined Petroleum ($467M), and Cars ($355M). During the last 5 years the exports of Slovenia to Italy have increased at an annualized rate of 9.86%, from $3.89B in 2023 to $6.23B in 2018.

Exports from Italy (Flag) to Slovenia (Flag) (2023)

Exports from Slovenia (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Slovenia
Top Destination
Switzerland$13.5B

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

In 2023, countries that imported more from Italy than Slovenia included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

In 2023, countries that imported more from Slovenia than Italy included Saint Martin ($178k), Timor-Leste ($79.1k), and Saint Barthélemy ($5.09k).

Difference in imports from Slovenia (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Slovenia

Flow
Scale

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

During 2023, Italy had a large net trade with Slovenia in the exports of Metals ($1.06B), Mineral Products ($926M), and Machines ($921M).

During 2018, Slovenia had a large net trade with Italy in the exports of Mineral Products ($1.05B), Metals ($947M), and Machines ($824M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Slovenia+$102MPackaged Medicaments
Top Product Potential Slovenia Italy+$219MCars

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

In 2020, Italy exported services to Slovenia worth $447M, with Transportation ($173M), Travel ($162M), and Other business services ($74M) being the largest in terms of value.

In 2020, Slovenia exported services to Italy worth $787M, with Transportation ($339M), Travel ($328M), and Communications services ($43.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Slovenia (Flag) (2020)

Services Exports from Slovenia (Flag) to Italy (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Slovenia (Flag) (2023)

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