Business News

Slovenia's Trade Gap Increases in July

Ljubljana, 09 September (STA) - Slovenia's exports amounted to EUR 1.69bn in July, while imports stood at EUR 1.73bn. Trade gap amounted to EUR 32.6m in July, compared to EUR 27.3m the month before, the Statistics Office said on Friday.

The export-import ratio dropped to 98.1% in July from 98.5% in June. Exports were up 6.5% year-on-year, while imports increased by 3.4%.

Exports to other EU members accounted for 71.9% of exports in July, amounting to EUR 1.22bn. Exports to third countries stood at EUR 476.7m.

Imports from the EU amounted to EUR 1.34bn, accounting for 77.9% of the total figure. The country meanwhile imported EUR 382.2m from third countries.

Preliminary results show that Slovenia exported EUR 11.96bn worth of goods in the first seven months of 2011, up 14.8% year-on-year. Imports in the first seven months reached 12.68bn, 13.7% more than in the same period last year.

The trade gap amounted to EUR 715.4m, while the export-import ratio stood at 94.4% between January and July.

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