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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SloveniaSlovenia Balance of Trade fell to -1,580.3M in July 2026
FMPMonthlyReleased September 2026
Slovenia Balance of Trade fell to -1,580.3M in July 2026, released September 2026, down 1,363M from June's -217.3M reading. The reading missed the -286M consensus by 1,294.3M. Balance of Trade has now declined for 3 consecutive months. Balance of Trade is now the lowest in 12 months.
Latest Release
-1580.3
Actual
-286
Consensus
-217.3
Previous
Median Absolute Error
±1,030.99 million
across last 12 releases
Last Call
Sep 2026
Predicted: -4.65
Actual: -1,580.3
Error: +1,575.65
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.43 | COMMODITIES | Moves with | → View |
| BTC/USD | ▲ Direct | +0.37 | CRYPTO | Moves with | → View |
| EUR/USD | ▲ Direct | +0.32 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.26 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Slovenia) was reported at -1,580.30 million in September 2026. This missed the market consensus of -286.00 million by 1,294.30 million. The reading fell from the previous value of -217.30 million. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged -355.01 million, ranging from -1,580.30 million to 581.40 million across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -532.03 million, up from the prior three at -649.23 million. Volatility over the past year (σ 608.36 million) is lower than the prior year (σ 1,275.66 million). In September readings over the past 3 years, Balance of Trade has averaged -363.03 million.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1,030.99 million.
WHAT TO WATCH NEXT
The next release is scheduled for October 5, 2026.
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Balance of Trade - SI
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About Balance of Trade — Slovenia
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual -1,580.3 M, consensus -286 M. Prior reading (Jun 2026): -217.3 M. Before that (Apr 2026): 201.5 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.43) — a useful reference for commodities-focused traders.
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