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Business news in Slovenia

Slovenia's exports down 2.1% in March, imports decline by 6.7%

Ljubljana, 03 May (STA) - Slovenia's merchandise exports declined by 2.1% in March, whereas imports contracted by 6.7%, the latest Statistics Office figures show.

While exports to EU countries dropped by 8.1%, exports to non-EU markets rose by 6.1%. Excluding re-exports, even trade outside the EU contracted, by 8.5%.

Imports from the EU were down by 12.2%, whereas imports from countries outside the EU were broadly flat. Excluding re-exports, however, trade with non-EU countries contracted by 8.4%.

Since imports declined more sharply than exports, Slovenia posted the first monthly trade surplus this year, at EUR 63 million.

In the first quarter exports were 2.1% higher than the year before, at EUR 14.6 billion, while imports increased by 8.7% to EUR 15.9 billion.

Switzerland remains the main import and export market for Slovenia, largely due to re-exports, followed by Germany.

Compared to the first quarter of last year, the highest rates of export growth were recorded with Switzerland, Poland the the United States.

When it comes to imports, India, Switzerland and Singapore had the biggest growth rates.

Meanwhile, the biggest decreases were recorded in trade with Austria.

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