Slovenia trade surplus widened sharply to EUR 120.9 million in January of 2019 from EUR 0.9 million in the corresponding month of the previous year. It was the highest trade surplus since October of 2017, as exports advanced 13.7 percent to EUR 2,707.5 million, with sales to the EU rising 8.0 percent to EUR 2,047.1 million and those to non-EU countries increasing 36.0 percent to EUR 660,4 million. Meantime, imports went up at a softer 8.7 percent to EUR 2,586.6 million, as purchases from the EU countries rising 3.3 percent to 1,907.0 million and those to non-EU countries went up 27.2 percent to EUR 679,6 million. Balance of Trade in Slovenia averaged -65.45 EUR Million from 1992 until 2019, reaching an all time high of 215.95 EUR Million in September of 2017 and a record low of -325 EUR Million in August of 2008.
Balance of Trade in Slovenia is expected to be 170.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Slovenia to stand at -200.00 in 12 months time. In the long-term, the Slovenia Balance of Trade is projected to trend around -190.00 EUR Million in 2020, according to our econometric models.