Slovenia is a small transition economy with a population of only two million, strategically located at the “gateway” to the Western Balkans. Belying its size, Slovenia has used its savvy, determination, and unique geography to its advantage, becoming a strong regional and international player. Slovenia's economy is highly dependent on foreign trade. More than 75 percent of Slovenia's trade is with the EU, focused primarily on the German, Italian, and Austrian markets. Slovenia also has extensive trade ties with the Western Balkans and Eastern Europe.