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Slovenian Trade Deficit Nears 20-Year Low in 2013

Ljubljana, 07 February (STA) - Slovenia generated a trade deficit of EUR 514.1m in 2013, the smallest gap since 1994, as import growth continued to stagnate while exports grew at a moderate pace, according to data from the Statistics Office.

Exports amounted to EUR 21.6bn, which is 2.6% more than in 2012, while imports rose 0.3% to EUR 22.14bn.

Exports accounted for 97.6% of imports, the Statistics Office said.

Slovenian exports have continued to show moderate growth after rebounding back above EUR 20bn in 2011 following a slump caused by the global financial and economic crisis in the two years prior to that, Slovenia's top statistician Genovefa Ružić said.

The EU remained Slovenia's main trade market last year, as more than 70% of all exchange was conducted with the bloc.

While Slovenian exports grew evenly in EU and non-EU markets, imports from the EU contracted by 1.3%, but those from third countries were up 6.8%.

Exports totalled EUR 1.62bn in December, up 8.5% over the same month a year earlier. Imports amounted to EUR 1.7bn, an increase of 0.9% year-on-year.

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