Business news

Exports up 0.9% in November year-on-year, imports up by 11.9%

Ljubljana, 08 January (STA) - Slovenia's exports in November were up by 0.9% year-on-year in November 2020 to EUR 3 billion, as imports rose by 11.9% to EUR 3.3 billion, for a trade deficit of EUR 0.3 billion and exports-to-imports coverage of 91.5%, the Statistics Office reported on Friday.

Exports from Slovenia to the fellow EU member states increased by 0.9% last November compared to November 2019, while imports were up by 3.4%, to EUR 2.1 billion and 2 billion, respectively.

The EU member states accounted for 69.4% of total exports from Slovenia last November and 61.7% of total imports. Trade in that month was the most intensive with Germany, Italy, Austria and Croatia.

Exports to non-EU countries were also up by 0.9% compared to December 2019 to EUR 0.9 billion, while imports from these countries surged by 50.3% to EUR 1.2 billion.

The most important trade partner from non-EU countries last November was Switzerland, which contributed the most to the growth of overall imports with a 137% increase.

In the January-November period, Slovenia's exports were down by 2.7% year-on-year to EUR 30.4 billion, while imports dropped by 6.9% to EUR 29.2 billion.

A trade surplus was thus recorded of EUR 1.2 billion for exports-to-imports coverage of 104% in the first eleven months of the last year, the Statistics Office said.