Consulate General of the RS Klagenfurt /Economy /

Economy

In 2015, Austria continued to be the third most important Slovenian foreign-trade partner with 4,7 billion euro of trade exchange which represented 10 percent of the overall trade exchange of Slovenia. The value of Slovernian export to Austria amounted to 2,0 billion (- 2,1% in comparison with 2014) and import to 2,7 billion (+4,3%). The volume services reached 1,4 billion euro (+7,6 %); travel in transport services continued to be in the forefront. 

Austria is the most important foreign investor in Slovenia. Their direct investments represented in 2014 one third of all foreign investments in Slovenia and had the overall value of 3,4 billion euro. Most investments continue to be in the financial sectors, trade and industry. Slovenian companies invest in Austria on a smaller scale. According to the Bank of Slovenia, total Slovenian investments in Austria at the end of 2014 amounted to 137,7 milion (2,65 % of all Slovenian investments abroad), however, in comparison  with 2013 they increased for almost a half. The Austrian market is important as well for Slovenian tourism; in 2014, Austrian tourist were the second most frequent visitors of Slovenia, after Italians and before Germans.  

Slovenia was in 2015 in terms of export the sixth most important trader partner of Austrian Carinthia and eighth in terms of import. The overall value of trade exchange reached 455 milion (import from Carinthia 210, export to Carinthia 245 milion). There are numerous companies from Carinthia present on Slovenian market, lately more and more companies from Slovenia enter the Carinthian market as s result of the improved political climate in Carinthia and cooperation between regional chambers of the Chamber of Commerce and Industry of Slovenia on the one hand and the Carinthian Chamber of Commerce on the other.

The trade exchange of Slovenia with Voralberg amounted in 2015 around 230 million (the relation between export and import being approximately half-half), almost te same volume reached the trade exchange with Tirol. 

Slovenia’s integration into the Schengen area influenced the increase of the number of cross-border economic projects, especially in tourism. Active cooperation on projects also takes place between the Chamber of Agriculture and Forestry of Slovenia, the Provincial Chamber of Agriculture of Carinthia and farmer associations of the Slovenian minority.In addition to the Consulate General of the Republic of Slovenia in Klagenfurt, business  organisations active within the Slovenian minority in Carinthia also encourage economic links between Slovenia and Carinthia. In this context, it is worth mentioning the enian Economic Union, which has the status of a Slovenian business club abroad, and the Alps-Adriatic Centre for Cross-border Co-operation in Klagenfurt.

Economic diplomacy
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