Slovenia - Export Britain

Export Britain

Slovenia

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Capital
Ljubljana

Largest city
Ljubljana

Administrative divisions
62 administrative districts

Currency
Euro (€)(EUR)

Area
20,273km2

Population
(2012) 2,055,496 

Calling code
+386

Official language
Slovene

Latest Business Opportunities

See more opportunities for Slovenia.

Ease of trading across borders

Importing a standard container of goods into Slovenia requires:

8documents
14days
£499

Introduction

Slovenia is a developed country, strategically located between the Balkans and Western Europe. It was the first new member of the European Union to adopt the euro as a currency in January 2007 and it has been a member of the Organisation for Economic Co-operation and Development since 2010. Slovenia has a highly educated workforce, well-developed infrastructure, and is situated at a major transport crossroad.

Economic snapshot (% annual growth rate)

201220132014-17
GDP -2.4 -1.8 1.0
Export of goods and services 1.6 1.9 2.1
Import of goods and services -3.8 -1.5 2.2
Inflation rate (%) 2.6 1.8 2.0
Short-Term interest rates (%) 0.6 0.2 0.3
Exchange rate (per £) 2.08 2.05 1.76
Population 0.1 0.1 -0.1
Source: Oxford Economics

Economic outlook

Slovenia’s economy continues to face considerable headwinds in both 2013 and 2014. Domestic demand remains depressed by the combination of a severe credit crunch, fiscal consolidation measures and rising unemployment levels, leaving net exports as the sole source of growth. Slovenia’s economy is expected to shrink by 1.4% in 2014.

Trade outlook

Slovenia has embarked on a sluggish export-driven recovery, as domestic demand suffers from ongoing corporate deleveraging and weak credit growth on the back of substantial problems in the country’s banking sector. Slovenia’s main trading partners are Germany and Italy, both accounting for 18% of its exports in 2012. Likewise, Slovenia’s imports also largely come from these two countries. In the medium to long term, Asian countries including, Singapore, Malaysia, China and India will increase their share of exports into Slovenia.  


SWOT analysis

Strengths
Excellent infrastructure, Well-educated work force.
Weaknesses
Slow structural reforms.
Opportunities
Strategic location, situated between the Balkans and Western Europe.
Threats
Vulnerable to shocks due to its reliance on trade and the weakness of the corporate sector.

Slovenia's trade with the UK

Sector segmentation growth

Sectors to watch:
  • sector
  • sector
Manufacturing
  • manufacturing
  • manufacturing

Fastest-growing exporters into Slovenia

Rank2012
1 UAE
2 Hong Kong
3 Singapore
4 Morocco
5 Malaysia
6 Australia
7 Cambodia
8 China
9 India
10 Vietnam

Total merchandise trade - Leading import partners

Total merchandise trade - leading import partners
Opportunities for UK businesses

Slovenia is a Central European market which offers numerous opportunities for UK companies; it is a sophisticated market with a high purchasing power. Slovenia lies right in the middle of one of the world's most exciting business regions. It sits on the intersection of several of Europe's historical crossroads. British services and goods are recognised as quality products. Slovenia is investing in infrastructure development, environmental projects and regional development. There are opportunities for UK businesses in several sectors including education & skills, tourism, infrastructure, urban regeneration, ICT and financial & business services. 

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