Slovenia2021 Economic Complexity Trade : 1.42, Rank 12 of 131
2021 Economic Complexity Technology : 0.83, Rank 27 of 96
2021 Economic Complexity Research : 0.12, Rank 53 of 140
2021 Product Exports | Imports: $46.7B | $57.1B, 57 of 226 | 53 of 226
2021 Per Capita Product Exports | Imports: $22.2k | $27.1k, 14 of 219 | 10 of 219
Overview In 2021, Slovenia was the number 80 economy in the world in terms of GDP (current US$), the number 57 in total exports, the number 53 in total imports, the number 33 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 ($7.26B), Cars ($3.62B), Motor vehicles; parts and accessories (8701 to 8705) ($1.2B), Refined Petroleum ($1B), and Vaccines, blood, antisera, toxins and cultures ($954M), exporting mostly to Germany ($8.13B), Italy ($4.98B), Switzerland ($4.98B), Croatia ($3.64B), and Austria ($3.05B).
Imports The top imports of Slovenia are Packaged Medicaments ($5.9B), Nitrogen Heterocyclic Compounds ($4.13B), Cars ($2.64B), Refined Petroleum ($2.37B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.02B), importing mostly from Switzerland ($8.25B), Germany ($6.94B), China ($6.59B), Italy ($5.43B), and Austria ($3.94B).
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.
Top Export (2021): Packaged Medicaments, $7.26B
Top Destination (2021): Germany, $8.13B
In 2021, Slovenia exported a total of $46.7B, making it the number 57 exporter in the world. During the last five reported years the exports of Slovenia have changed by $17.1B from $29.7B in 2016 to $46.7B in 2021.
The most recent exports are led by Packaged Medicaments ($7.26B), Cars ($3.62B), Motor vehicles; parts and accessories (8701 to 8705) ($1.2B), Refined Petroleum ($1B), and Vaccines, blood, antisera, toxins and cultures ($954M). The most common destination for the exports of Slovenia are Germany ($8.13B), Italy ($4.98B), Switzerland ($4.98B), Croatia ($3.64B), and Austria ($3.05B).
Fastest Growing Export Markets (2020 - 2021)
Fastest Growing Import Markets (2020 - 2021)
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 Hydraulic Turbines (15.9), Metal Office Supplies (15.3), Hops (14.1), Rock Wool (13.1), and Prefabricated Buildings (12.7). 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 centres, unit construction machines (single station) and multi-station transfer machines for working metal (2.18), Electric (electrically heated gas) soldering, brazing, welding machines and apparatus, capable or not of cutting, electric machines and apparatus for hot spraying of metals or sintered carbides (1.94), Instruments, apparatus for measuring, checking electrical quantities not meters of heading no. 9028; instruments, apparatus for measuring or detecting alpha, beta, gamma, x-ray, cosmic and other radiations (1.78), Tools, interchangeable; for hand tools, whether or not power-operated, or for machine tools (pressing, stamping, punching, drilling etc), including dies for drawing or extruding metal, and rock drilling or earth boring tools (1.67), and Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel (1.66). 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, were Iron Springs (0.34), Newspapers (0.34), Safety Glass (0.34), Textiles for technical uses (0.34), and Railway Track Fixtures (0.34). 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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