2022
Flag  
GDP
$62.1BCURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP GROWTH
33.4%CURRENT US$
Rnk 92 / 186
2022
Flag
 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC 
$29,457CURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 63 / 186
2022
Flag
GDP PC
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

Slovenia-Russia Trade: In 2022, Slovenia exported $1.23B to Russia. The main products that Slovenia exported to Russia were Packaged Medicaments ($327M), Vaccines, blood, antisera, toxins and cultures ($255M), and Nitrogen Heterocyclic Compounds ($84.6M). Over the past 5 years the exports of Slovenia to Russia have increased at an annualized rate of 4.92%, from $971M in 2017 to $1.23B in 2022.

In 2020, Slovenia exported services to Russia worth $49M, with Other business services ($15.8M), Travel ($11.3M), and Transportation ($11.2M) being the largest in terms of value.

Russia-Slovenia Trade: In 2022, Russia exported $1.27B to Slovenia. The main products that Russia exported to Slovenia were Refined Petroleum ($586M), Petroleum Gas ($494M), and Nitrogenous Fertilizers ($51.9M). Over the past 5 years the exports of Russia to Slovenia have increased at an annualized rate of 18.2%,  from $396M in 2017 to $1.27B in 2022.

In 2020, Russia exported services to Slovenia worth $96.7M, with Other business services ($83.9M), Transportation ($5.13M), and Computer and information services ($2.99M) being the largest in terms of value.

Comparison: In 2022,  Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45), and 56 in total exports ($56B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovenia exported $1.23B to Russia. The main products exported from Slovenia to Russia were Packaged Medicaments ($327M), Vaccines, blood, antisera, toxins and cultures ($255M), and Nitrogen Heterocyclic Compounds ($84.6M). During the last 5 years the exports of Slovenia to Russia have increased at an annualized rate of 4.92%, from $971M in 2017 to $1.23B in 2022.

In 2017, Russia exported $1.27B to Slovenia. The main products exported from Russia to Slovenia were Refined Petroleum ($586M), Petroleum Gas ($494M), and Nitrogenous Fertilizers ($51.9M). During the last 5 years the exports of Russia to Slovenia have increased at an annualized rate of 18.2%, from $396M in 2022 to $1.27B in 2017.

Exports from Slovenia (Flag) to Russia (Flag) (2022)

Exports from Russia (Flag) to Slovenia (Flag) (2022)

Latest Data

Trade between Slovenia (Flag) and Russia (Flag)

Slovenia Exports

Russia Exports

Market Competitiveness

Color
Slovenia
Top Destination
Switzerland$9.92B
Russia
Top Destination
China$101B

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

In 2022, countries that imported more from Slovenia than Russia included Switzerland ($9.92B), Croatia ($4.68B), and Austria ($3.75B).

In 2022, countries that imported more from Russia than Slovenia included China ($101B), India ($40.4B), and Turkey ($25.3B).

Difference in imports from Russia (Flag) and Slovenia (Flag) (2022)

Comparative Advantage Slovenia - Russia

Flow
Scale

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

During 2022, Slovenia had a large net trade with Russia in the exports of Chemical Products ($850M), Machines ($220M), and Metals ($65M).

During 2017, Russia had a large net trade with Slovenia in the exports of Mineral Products ($1.08B), Chemical Products ($131M), and Metals ($28.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovenia Russia+$136MPackaged Medicaments
Top Product Potential Russia Slovenia+$128MRefined Petroleum

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

In 2020, Slovenia exported services to Russia worth $49M, with Other business services ($15.8M), Travel ($11.3M), and Transportation ($11.2M) being the largest in terms of value.

In 2020, Russia exported services to Slovenia worth $96.7M, with Other business services ($83.9M), Transportation ($5.13M), and Computer and information services ($2.99M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovenia (Flag) to Russia (Flag) (2020)

Services Exports from Russia (Flag) to Slovenia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Slovenia (Flag) and Russia (Flag) (2022)

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