Slovenia Economy Overview
The Republic of Slovenia, had the 83rd best GDP in the world, according to the most recent data. It ranked 61st in overall exports and 59th in total imports out of 196 countries.
Slovenia used to be part of Yugoslavia until 1991. It joined NATO in 2004 and the European Union in 2007. Slovenia shares borders with Austria, Croatia, Italy, and Hungary.
Slovenia's Top 5 Commodity Exports
- Refined Petroleum – $1.3 billion
- Raw Aluminum – $314 million
- Aluminum Bars – $287 million
- Sawn Wood – $268 million
- Other Steel Bars – $247 million
Slovenia's Other Notable Exports
- Cars – $4.4 billion
- Packaged Medicaments – $3.2 billion
- Vehicle Parts – $1.3 billion
- Electrical Lighting and Signaling Equipment – $623 million
- Electricity – $513 million
GDP of Slovenia
Slovenia's GDP is ranked 83rd in the world, putting it in the top half of all countries. Exports totaled $37.8 billion and imports topped $40.8 billion. As a result, Slovenia had a trade deficit of over $3 billion. Slovenia's top exports were Cars, Packaged Medicaments, Refined Petroleum, Vehicle Parts, and Electrical Lighting and Signaling Equipment. Top imports included Cars, Refined Petroleum, Packaged Medicaments, Vehicle Parts, and Delivery Trucks.
Slovenia's Top 5 Commodity Imports
- Refined Petroleum – $2.4 billion
- Raw Aluminum – $388 million
- Soybean Meal – $385 million
- Coated Flat-Rolled Iron – $320 million
- Petroleum Gas – $285 million
Slovenia's Other Notable Imports
- Cars – $2.6 billion
- Packaged Medicaments – $1.7 billion
- Vehicle Parts – $1.5 billion
- Delivery Trucks – $798 million
- Broadcasting Equipment – $496 million
Details on Slovenia's Imports/Exports
Slovenia's number one export was Cars ($4.4 billion), which they primarily sent to Germany. They are the 28th biggest exporter of Cars in the world, trailing Morocco but leading Portugal in Car exports. After Germany, the biggest purchasers of Cars from Slovenia were France, Italy, Croatia, and Spain.
Slovenia also imports Cars — again, primarily from Germany — worth upwards of $2.6 billion. They ranked #42 in overall Car imports, ahead of Egypt but behind Ireland. After Germany, Car imports came to Slovenia from Turkey, France, Czechia, and Spain.
Slovenia was the 34th largest global exporter of Raw Aluminum worldwide ($314 million), behind Brazil but ahead of Egypt. This EU member state sends most of its Raw Aluminum to Croatia, Germany, Italy, Hungary, and Poland.
Slovenia imports more Raw Aluminum ($388 million) than it exports with a negative trade balance of about $74 million. Slovenia gets about 30% its Raw Aluminum from Italy, but also from Mozambique, India, Germany, and neighboring Romania.
Sources & Further Reading
- All figures based on OEC 2018 calculations and projections unless otherwise stated.
- Encyclopedia Brittanica
- Slovenia's Debt Clock
- How to Trade Aluminum
- Germany's Trading Profile
All currency is reported in US dollars.
Interested in Trading Commodities?
Start your research with reviews of these regulated brokers available in .
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73.0%-89.0% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.