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Slovenia among leading EU countries in foreign trade

Ljubljana, 03 December (STA) - Slovenia, whose exports and imports rose by 14% last year, improved its standings among EU countries in terms of foreign trade, the Statistics Office said on Monday. Slovenia's integration in international trade of goods reached 64.4%, which puts Slovenia on the fourth place in the EU.


In terms of integration in international trade of services, which last year reached 13.6%, Slovenia ranked 14th among EU countries, while it was 15th in 2016.

Slovenia exceeded the EU average both in terms of import and export growth. The average export growth in the previous three years was 5.1% and the growth of import was 3.5%.

In terms of the share of imports and exports of goods and services in GDP, Slovenia ranked eighth, which is up two spots from the year before. It was preceded by Luxembourg, Malta, Ireland, Slovakia, Hungary, Belgium and the Netherlands.

Foreign direct investments in Slovenia totalled EUR 13.7bn at the end of 2017, which is a 5.4% increase year-on-year. In the last three years, FDI rose by 12-15%.

The share of FDI in GDP stood at 31.85% last year, which compares to 32.1% in 2016.

Slovenia's direct investment abroad totalled EUR 5.9bn at the end of last year, rising by 2.9% in a year. The average growth in the previous three years was somewhat higher, at 3.5%.

Slovenia's direct investments abroad amounted to 13.7% of GDP last year, which is half a percentage point lower than in 2016.