Slovenia2020 Economic Complexity : 1.46, Rank 12 of 127
2020 Product Exports | Imports: $37.5B | $40.7B, 55 of 226 | 56 of 226
2020 Per Capita Product Exports | Imports: $17.8k | $19.4k, 8 of 219 | 11 of 219
2020 Service Exports | Imports : $7.14B | $5.32B, 32 of 65 | 33 of 65
Overview In 2020, Slovenia was the number 84 economy in the world in terms of GDP (current US$), the number 55 in total exports, the number 56 in total imports, the number 43 economy in terms of GDP per capita (current US$) and the number 12 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Slovenia are Packaged Medicaments ($6.11B), Cars ($3.37B), Motor vehicles; parts and accessories (8701 to 8705) ($978M), Refined Petroleum ($681M), and Vaccines, blood, antisera, toxins and cultures ($596M), exporting mostly to Germany ($6.71B), Italy ($3.53B), Switzerland ($3.47B), Croatia ($2.98B), and Austria ($2.44B).
Imports The top imports of Slovenia are Packaged Medicaments ($5.57B), Cars ($2B), Refined Petroleum ($1.36B), Motor vehicles; parts and accessories (8701 to 8705) ($1.02B), and Delivery Trucks ($751M), importing mostly from Germany ($5.4B), Switzerland ($4.87B), Italy ($3.9B), China ($3.36B), and Austria ($3.19B).
Location Slovenia borders Austria, Croatia, Italy, and Hungary by land and Italy by sea.
The following section uses the most recent trade data from partners of Slovenia.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Packaged Medicaments, $6.11B
Top Destination (2020): Germany, $5.4B
In 2020, Slovenia exported a total of $37.5B, making it the number 55 exporter in the world. During the last five reported years the exports of Slovenia have changed by $9.69B from $27.8B in 2015 to $37.5B in 2020.
The most recent exports are led by Packaged Medicaments ($6.11B), Cars ($3.37B), Motor vehicles; parts and accessories (8701 to 8705) ($978M), Refined Petroleum ($681M), and Vaccines, blood, antisera, toxins and cultures ($596M). The most common destination for the exports of Slovenia are Germany ($6.71B), Italy ($3.53B), Switzerland ($3.47B), Croatia ($2.98B), and Austria ($2.44B).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Slovenia Exports Services (2020): $7.14B
Slovenia Imports Services (2020): $5.32B
In 2020, Slovenia exported $7.14B worth of services. The top services exported by Slovenia in 2020 were Other transport ($2.12B), Miscellaneous business, professional, and technical services ($1.37B), Personal travel ($1.29B), Construction abroad ($734M), and Sea transport ($429M).
The top services imported by Slovenia in 2020 were Miscellaneous business, professional, and technical services ($1.68B), Other transport ($865M), Personal travel ($748M), Telecommunications services ($307M), and Sea transport ($294M).
Slovenia has a high level of specialization in Metal Office Supplies (15.8), Hops (15.1), Prefabricated Buildings (14.5), Other Leather Articles (13.7), and Hydraulic Turbines (12.2). Specialization is measured using RCA, an index that takes the ratio between Slovenia observed and expected exports in each product.
The highest complexity exports of Slovenia according to the product complexity index (PCI) are Oscilloscopes (1.83), Electric Soldering Equipment (1.78), Phosphoric Esters and Salts (1.75), Non-Mechanical Removal Machinery (1.73), and Interchangeable Tool Parts (1.69). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Slovenia according to the relatedness index, are Newspapers (0.33), Iron Springs (0.33), Textiles for technical uses (0.33), Rye (0.33), and Densified Wood (0.33). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Slovenia is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 20 years Slovenia's economy has become relatively more complex, moving from the 18th to the 12th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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