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: $17.9k | $19.4k, N/A of N/A | N/A of N/A
2019 Service Exports | Imports : $42.4M | $29.5M, 67 of 69 | 68 of 69
Overview In 2020 Slovenia was the number 85 economy in the world in terms of GDP (current US$), the number 55 in total exports, the number 56 in total imports, the number 37 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), Vehicle Parts ($978M), Refined Petroleum ($681M), and Blood, antisera, vaccines, 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), Vehicle Parts ($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.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*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, $6.71B
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), Vehicle Parts ($978M), Refined Petroleum ($681M), and Blood, antisera, vaccines, 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).
Top Import (2020): Packaged Medicaments, $5.57B
Top Origin (2020): Germany, $5.4B
In 2020 Slovenia imported $40.7B, making it the number 56 trade destination in the world. During the last five reported years the imports of Slovenia changed by $10.8B from $30B in 2015 to $40.7B in 2020.
The most recent imports of Slovenia are led by Packaged Medicaments ($5.57B), Cars ($2B), Refined Petroleum ($1.36B), Vehicle Parts ($1.02B), and Delivery Trucks ($751M). The most common import partners for Slovenia are Germany ($5.4B), Switzerland ($4.87B), Italy ($3.9B), China ($3.36B), and Austria ($3.19B).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Slovenia Exports Services (2019): $42.4M
Slovenia Imports Services (2019): $29.5M
In 2019, Slovenia exported $42.4M worth of services. The top services exported by Slovenia in 2019 were Personal travel ($13.6M), Other transport ($10.2M), Miscellaneous business, professional, and technical services ($6.5M), Construction abroad ($3.13M), and Sea transport ($2.03M).
The top services imported by Slovenia in 2019 were Miscellaneous business, professional, and technical services ($7.79M), Personal travel ($6.96M), Other transport ($4.18M), Telecommunications services ($1.59M), and Sea transport ($1.41M).
The top product import tariffs by their MFN Ad Valorem value for Slovenia are Vermouth and other flavoured grape wines - pack > 2l (72.3k%)and Vermouth and other flavoured grape wines - pack > 2l (50.6k%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Slovenia are:
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 Instruments to check or measure electricity, radiation (1.83), Electric solder, weld, braze,hot metal spray equipment (1.78), Phosphoric esters, their salts and derivatives (1.75), Machine-tools for non-mechanical removal of material (1.73), and Interchangeable tools and dies for hand or power tools (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), Technical Use Textiles (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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.8 ant