2023
Flag  
GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
 GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC 
$32,610CURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195
2023
Flag
GDP PC
$13,817CURRENT US$
Rnk 74 / 196
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195

About

Slovenia-Russia Trade: In 2023, Slovenia exported $1.19B to Russia. The main products that Slovenia exported to Russia were Packaged Medicaments ($323M), Vaccines, blood, antisera, toxins and cultures ($264M), and Nitrogen Heterocyclic Compounds ($118M). Over the past 5 years the exports of Slovenia to Russia have increased at an annualized rate of 3.79%, from $991M in 2018 to $1.19B in 2023.

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 2023, Russia exported $258M to Slovenia. The main products that Russia exported to Slovenia were Refined Petroleum ($61.6M), Petroleum Gas ($47.5M), and Mixed Mineral or Chemical Fertilizers ($44.9M). Over the past 5 years the exports of Russia to Slovenia have decreased at an annualized rate of 13.4%,  from $529M in 2018 to $258M in 2023.

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 2023,  Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovenia exported $1.19B to Russia. The main products exported from Slovenia to Russia were Packaged Medicaments ($323M), Vaccines, blood, antisera, toxins and cultures ($264M), and Nitrogen Heterocyclic Compounds ($118M). During the last 5 years the exports of Slovenia to Russia have increased at an annualized rate of 3.79%, from $991M in 2018 to $1.19B in 2023.

In 2018, Russia exported $258M to Slovenia. The main products exported from Russia to Slovenia were Refined Petroleum ($61.6M), Petroleum Gas ($47.5M), and Mixed Mineral or Chemical Fertilizers ($44.9M). During the last 5 years the exports of Russia to Slovenia have decreased at an annualized rate of 13.4%, from $529M in 2023 to $258M in 2018.

Exports from Slovenia (Flag) to Russia (Flag) (2023)

Exports from Russia (Flag) to Slovenia (Flag) (2023)

Latest Data

Trade between Slovenia (Flag) and Russia (Flag)

Slovenia Exports

Russia Exports

Market Competitiveness

Color
Slovenia
Top Destination
Switzerland$13.5B
Russia
Top Destination
China$129B

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 2023, countries that imported more from Slovenia than Russia included Switzerland ($13.5B), Croatia ($4.85B), and Germany ($7.21B).

In 2023, countries that imported more from Russia than Slovenia included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia (Flag) and Slovenia (Flag) (2023)

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 2023, Slovenia had a large net trade with Russia in the exports of Chemical Products ($849M), Machines ($232M), and Metals ($41.2M).

During 2018, Russia had a large net trade with Slovenia in the exports of Mineral Products ($111M), Chemical Products ($89.1M), and Metals ($39.3M).

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) (2023)

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