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) .
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.
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.
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 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.
This network shows the products most related to the production structure of Slovenia. These are products that tend to be co-exported with the products that Slovenia exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.