Slovenia2019 Economic Complexity : 1.52, Rank 12 of 146
2019 Product Exports | Imports: $38.5B | $42.6B, 56 of 225 | 55 of 225
2019 Per Capita Product Exports | Imports: $18.4k | $20.4k, 15 of 219 | 12 of 219
2017 Service Exports | Imports : $7.81B | $4.84B, 57 of 139 | 64 of 139
Overview: In 2019 Slovenia was the number 83 economy in the world in terms of GDP (current US$), the number 56 in total exports, the number 55 in total imports, the number 38 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 ($4.46B), Cars ($4.13B), Refined Petroleum ($1.31B), Vehicle Parts ($1.16B), and Electrical Lighting and Signalling Equipment ($609M), exporting mostly to Germany ($7.07B), Italy ($4.22B), Croatia ($3.25B), Austria ($2.67B), and France ($2.06B).
Imports: The top imports of Slovenia are Packaged Medicaments ($3.96B), Cars ($2.57B), Refined Petroleum ($2.44B), Vehicle Parts ($1.47B), and Delivery Trucks ($749M), importing mostly from Germany ($5.87B), Italy ($5.16B), Austria ($3.57B), Switzerland ($3.46B), and China ($2.85B).
Location: Slovenia borders Austria, Croatia, Italy, and Hungary by land and Italy by sea.
Top Export (2019): Packaged Medicaments, $4.46B
Top Destination (2019): Germany, $7.07B
In 2019, Slovenia exported a total of $38.5B, making it the number 56 exporter in the world. During the last five reported years the exports of Slovenia have changed by $6.53B from $32B in 2014 to $38.5B in 2019.
The most recent exports are led by Packaged Medicaments ($4.46B), Cars ($4.13B), Refined Petroleum ($1.31B), Vehicle Parts ($1.16B), and Electrical Lighting and Signalling Equipment ($609M). The most common destination for the exports of Slovenia are Germany ($7.07B), Italy ($4.22B), Croatia ($3.25B), Austria ($2.67B), and France ($2.06B).
Top Import (2019): Packaged Medicaments, $3.96B
Top Origin (2019): Germany, $5.87B
In 2019 Slovenia imported $42.6B, making it the number 55 trade destination in the world. During the last five reported years the imports of Slovenia changed by $9.87B from $32.7B in 2014 to $42.6B in 2019.
The most recent imports of Slovenia are led by Packaged Medicaments ($3.96B), Cars ($2.57B), Refined Petroleum ($2.44B), Vehicle Parts ($1.47B), and Delivery Trucks ($749M). The most common import partners for Slovenia are Germany ($5.87B), Italy ($5.16B), Austria ($3.57B), Switzerland ($3.46B), and China ($2.85B).
Fastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
Slovenia Exports Services (2017): $7.81B
Slovenia Imports Services (2017): $4.84B
In 2017, Slovenia exported $7.81B worth of services. The top services exported by Slovenia in 2017 were Travel ($2.75B), Transportation ($2.37B), Miscellaneous business, professional, and technical services ($1.28B), Computer and information services ($613M), and Construction services ($487M).
The top services imported by Slovenia in 2017 were Miscellaneous business, professional, and technical services ($1.39B), Transportation ($1.16B), Travel ($996M), Computer and information services ($581M), and Royalties and license fees ($239M).
The top product import tariffs by their MFN Ad Valorem value for Slovenia are Sugar beet (178%) and Whey (173%).
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 Other Leather Articles (20.7), Hops (18.6), Prefabricated Buildings (16.5), Metal Office Supplies (16.3), and Hydraulic Turbines (15.7). 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 Machining centre, single/multistation transfer machine (2.42), Machine-tools for non-mechanical removal of material (1.81), Interchangeable tools and dies for hand or power tools (1.79), Instruments to check or measure electricity, radiation (1.77), and Electric solder, weld, braze,hot metal spray equipment (1.75). 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 Iron Springs (0.33), Densified Wood (0.33), Technical Use Textiles (0.33), Newspapers (0.32), and Particle Board (0.32). 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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.
During the last 20 years Slovenia's economy has become relatively más complex, moving from the 17th 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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