Slovenia Trade Balance 1960-2024 (2024)

FAQs

What is the trade balance of Slovenia? ›

Slovenia trade balance for 2022 was $1.36B, a 62.32% decline from 2021. Slovenia trade balance for 2021 was $3.61B, a 24.79% decline from 2020. Slovenia trade balance for 2020 was $4.80B, a 2.76% increase from 2019. Slovenia trade balance for 2019 was $4.67B, a 2.14% increase from 2018.

Balance of Trade in the United States averaged -18.00 USD Billion from 1950 until 2024, reaching an all time high of 1.95 USD Billion in June of 1975 and a record low of -101.91 USD Billion in March of 2022.

Slovenia's largest exported product groups are high and moderate complexity products that include pharmaceutical products, electrical machinery and equipment, machinery and mechanical appliances, motor vehicles and mineral fuels and oils.

The balance of trade is typically measured as the difference between a country's exports and imports of goods. To calculate the balance of trade, you would subtract the value of a country's imports from the value of its exports.

The People's Republic of China is the largest exporter of goods in the world, with a total export value for 2022 of $3.71 trillion. The nation claimed the top spot in 2009.

This statistic shows the 20 countries with the highest trade balance deficit worldwide in 2022. In 2022, the United States reported the highest trade balance deficit with approximately 1.31 trillion U.S. dollars.

It is not inconsistent to believe that a high level of trade is potentially beneficial to an economy, because of the way it allows nations to play to their comparative advantages, and to also be concerned about any macroeconomic instability caused by a long-term pattern of large trade deficits.

The economy of Slovenia is a developed mixed economy. The country enjoys a high level of prosperity and stability as well as above-average GDP per capita by purchasing power parity at 92% of the EU average in 2022. The nominal GDP in 2023 is 68.108 billion USD, nominal GDP per capita (GDP/pc) in 2023 is USD 32,350.

Updated October 2023

The country's economic freedom score is higher than the world average and lower than the regional average. Slovenia's economy is considered “moderately free” according to the 2024 Index.

Not only for its diverse landscapes, rich flavours and cultural treasures, but also for its people. Although characters change with the landscape, Slovenians are considered to be hard-working, modest and honest people with a big sporting heart.

What is the foreign trade of Slovenia? ›

Seventy-five percent of Slovenia's foreign trade is with the EU, primarily Germany, Italy, Austria, Croatia, and France. Slovenia also has extensive trade ties with non-EU Western Balkan and Eastern European countries.

According to the amendment, the projected budget deficit will stand at €2.2 billion or 3.3% of GDP. For 2025, the draft state budget foresees €14.56 billion in revenue and €15.82 billion in expenditure. The projected budget deficit will therefore amount to €1.26 billion or 1.8% of GDP.

The balance of trade (which reflects higher or lower demand for a currency) can affect currency exchange rates. A country with a high demand for its goods tends to export more than it imports, increasing demand for its currency. A country that imports more than it exports will see less demand for its currency.

For 2023, the goods and services deficit was $773.4 billion, down $177.8 billion from $951.2 billion in 2022. Exports were $3,053.5 billion, up $35.0 billion from 2022. Imports were $3,826.9 billion, down $142.7 billion from 2022.