Slovenia (SVN) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Slovenia-Italy Trade: In 2023, Slovenia exported $6.23B to Italy. The main products that Slovenia exported to Italy were Electricity ($540M), Refined Petroleum ($467M), and Cars ($355M). Over the past 5 years the exports of Slovenia to Italy have increased at an annualized rate of 9.86%, from $3.89B in 2018 to $6.23B in 2023.

In 2020, Slovenia exported services to Italy worth $787M, with Transportation ($339M), Travel ($328M), and Communications services ($43.2M) being the largest in terms of value.

Italy-Slovenia Trade: In 2023, Italy exported $5.59B to Slovenia. The main products that Italy exported to Slovenia were Refined Petroleum ($772M), Delivery Trucks ($109M), and Packaged Medicaments ($107M). Over the past 5 years the exports of Italy to Slovenia have increased at an annualized rate of 1.43%, from $5.2B in 2018 to $5.59B in 2023.

In 2020, Italy exported services to Slovenia worth $447M, with Transportation ($173M), Travel ($162M), and Other business services ($74M) being the largest in terms of value.

Comparison: In 2023, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovenia exported $6.23B to Italy. The main products exported from Slovenia to Italy were Electricity ($540M), Refined Petroleum ($467M), and Cars ($355M). During the last 5 years the exports of Slovenia to Italy have increased at an annualized rate of 9.86%, from $3.89B in 2018 to $6.23B in 2023.

In 2018, Italy exported $5.59B to Slovenia. The main products exported from Italy to Slovenia were Refined Petroleum ($772M), Delivery Trucks ($109M), and Packaged Medicaments ($107M). During the last 5 years the exports of Italy to Slovenia have increased at an annualized rate of 1.43%, from $5.2B in 2023 to $5.59B in 2018.

Exports from Slovenia () to Italy () (2023)

Exports from Italy () to Slovenia () (2023)

Latest Data

Trade between Slovenia () and Italy ()

Slovenia Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovenia
Top DestinationSwitzerland$13.5B

Italy
Top DestinationGermany$71.4B

This map shows whether countries import more from Slovenia or Italy. Each country is colored based on the difference in imports they receive from Slovenia and Italy or the difference in the growth in imports.

In 2023, countries that imported more from Slovenia than Italy included Saint Martin ($178k), Timor-Leste ($79.1k), and Saint Barthélemy ($5.09k).

In 2023, countries that imported more from Italy than Slovenia included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

Difference in imports from Italy () and Slovenia () (2023)

Comparative Advantage Slovenia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Slovenia and Italy by product, considering products traded by both, Slovenia and Italy.

During 2023, Slovenia had a large net trade with Italy in the exports of Mineral Products ($1.05B), Metals ($947M), and Machines ($824M).

During 2018, Italy had a large net trade with Slovenia in the exports of Metals ($1.06B), Mineral Products ($926M), and Machines ($921M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovenia Italy+$219MCars

Top Product Potential Italy Slovenia+$102MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Ita Year

Svn Year

In 2020, Slovenia exported services to Italy worth $787M, with Transportation ($339M), Travel ($328M), and Communications services ($43.2M) being the largest in terms of value.

In 2020, Italy exported services to Slovenia worth $447M, with Transportation ($173M), Travel ($162M), and Other business services ($74M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovenia () to Italy () (2020)

Services Exports from Italy () to Slovenia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Slovenia and Italy. This means that a dot/product with the flag of Slovenia indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Slovenia.

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Historical Data

Bilateral Trade by Products

Exports from Slovenia () to Italy () (2023)

Exports from Italy () to Slovenia () (2023)

Latest Data

Trade between Slovenia () and Italy ()

Slovenia Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Slovenia () (2023)

Comparative Advantage Slovenia - Italy

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Slovenia () to Italy () (2020)

Services Exports from Italy () to Slovenia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Slovenia () and Italy () (2023)

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