Business News

Exports Up Nearly 2% in May Y/Y, Imports Down 3%

Ljubljana, 10 July (STA) - Slovenia's exports increased in May by 1.6% year-on-year to EUR 1.83bn, while imports dropped by 2.6% to EUR 1.89bn, data released on Thursday by the Statistics Office show.

The trade gap amounted to 65.82%, while the export to import ratio was at 96.6% in May.

Medicinal drugs were the most exported group of products in May, while the biggest group of imported items were oils derived from oil and bituminous minerals, the Statistics Office said.

Exports to other EU members were up by 5.5% to EUR 1.42bn, while imports from the bloc dropped by 8.3% to EUR 1.43bn. Trade with the EU accounts for about three quarters of Slovenia's total trade.

The value of goods Slovenia exported to countries outside the EU was at EUR 409.74m, which was 9.8% less than in May 2013. Imports from third countries on the other hand increased by 20.6% to EUR 464.06m.

Data for the first five months show that a 4.7% increase in exports compared to the same period last year (to EUR 9.39bn) and a 0.8% drop in imports (to EUR 9.27bn). The export to import ratio was at 101.3%, and exports exceeded imports by EUR 117.1m.

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