India-Slovenia Bilateral Trade
INDIA-SLOVENIA BILATERAL TRADE
In the financial year 2021-22, India achieved all-time high annual merchandise exports of US$ 419.65 billion, an increase of 43.81% over 2020-21 and an increase of 33.92% over 2019-20.
India’s monthly merchandise exports in March 2022 exceeded US$40 billion for the first time, reaching US$ 42.22 billion, an increase of 19.76% over March 2021. With this, India’s merchandise exports during Tfy 2021-22 not only exceeded the annual target of US$ 400 billion, but also exceeded US$ 30 billion in each month.22
India is Slovenia's third most important foreign trade partner from Asia, after China and Singapore. The total bilateral trade in 2018 was the highest in the last five years, reaching EUR 361 million or 34% more than in 2017. In the period of 2019-2021, this trend is similar and with the surplus on the Indian side.
Bilateral trade 2019-2021
|
Exports and imports Slovenia, cumulative data |
2019 |
2020 |
2021 |
||||
|
Exports to India |
Imports from India |
Exports to India |
Imports from India |
Exports to India |
Imports from India |
||
|
00 Combined |
EUR |
114.83 |
246.58 |
118.22 |
221.40 |
112.27 |
248.42 |
|
Total |
EUR |
361.41 |
339.62
|
360.69 |
|||
|
Balance in India's Favor |
EUR |
+131.75 |
+103.18 |
+136.15 |
|||
Source: Statistical Office of the Republic of Slovenia Unit: Euro million
The structure of the commodities, subject to bilateral trade, is unchanged during the period of 2019-2021. The export of India’s commodities to Slovenia is dominated by commodities from the Pharmacy, Chemicals, Food, and Electrical sector, while the export from Slovenia to India is similar, adding the commodities like Optical, photographic, cinematographic, measuring commodities, listed under TOP 10 items of import-export.
As per the published information from the Statistical Office of Slovenia for the period of January-December 2021, total bilateral trade of India with Slovenia was EUR 360.69 million, with import of commodities from India in total of EUR 248.42 million, and export of Slovenian commodities to India in total of EUR 112.27 million. The surplus is on Indian side, in total EUR 136.15 million.
In the year 2021, the Embassy received 447 inquiries from India (+14% more than in 2020), and 13 from Slovenia (-13% less than in 2020). Compared with the data for 2020, the Embassy received 392 inquiries from India (+ 70% more than in 2019) and 15 from Slovenia (+36% more than in 2019).
Top 10 commodities of import by Slovenia from India during 2019 – 2021
|
Product code |
Product label |
Slovenia's imports from India |
||
|
2019 |
2020 |
2021 |
||
|
'29 |
Organic chemicals |
95.54 |
92.46 |
99.94 |
|
'30 |
Pharmaceutical products |
65.15 |
72.13 |
56.99 |
|
'76 |
Aluminium and articles thereof |
6.48 |
4.48 |
16.32 |
|
'84 |
Machinery, mechanical appliances, nuclear reactors |
4.97 |
4.56 |
9.45 |
|
'85 |
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television ... |
9.16 |
6.45 |
8.54 |
|
'72 |
Iron and steel |
4.85 |
4.00 |
8.51 |
|
'87 |
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof |
1.83 |
5.27 |
8.23 |
|
'26 |
Ores, slag and ash |
2.73 |
2.15 |
4.95 |
|
'39 |
Plastics and articles thereof |
3.59 |
2.16 |
4.88 |
|
'40 |
Rubber and articles thereof |
3.33 |
2.95 |
4.16 |
Source: Statistical Office of the Republic of Slovenia Unit: Euro million
Top 10 commodities of exports from Slovenia to India during 2019-2021
|
Product code |
Product label |
Slovenia's exports to India |
||
|
2019 |
2020 |
2021 |
||
|
'29 |
Organic chemicals |
36.94 |
47.95 |
38.96 |
|
'84 |
Machinery, mechanical appliances, nuclear reactors, boilers; parts thereof |
20.45 |
15.89 |
17.85 |
|
'72 |
Iron and steel |
21.68 |
17.34 |
16.17 |
|
'85 |
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television ... |
7.52 |
8.18 |
10.88 |
|
'48 |
Paper and paperboard; articles of paper pulp, of paper or of paperboard |
3.78 |
3.34 |
4.80 |
|
'90 |
Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical . . . |
2.71 |
7.01 |
4.68 |
|
'39 |
Plastics and articles thereof |
4.79 |
2.13 |
3.39 |
|
'28 |
Inorganic chemicals |
0.74 |
0.88 |
2.07 |
|
'40 |
Rubber and articles thereof |
1.40 |
1.40 |
1.78 |
|
'38 |
Miscellaneous products |
0.32 |
1.78 |
1.47 |
Source: Statistical Office of the Republic of Slovenia Unit: Euro million
Bilateral trade in 2022
|
Exports and imports Slovenia, cumulative data |
2022 |
||
|
Exports to India |
Imports from India |
||
|
00 Combined |
EUR |
7.67 |
28.12 |
|
Total |
EUR |
35.79 |
|
|
Balance in India's Favor |
EUR |
+20.45 |
|
Source: Statistical Office of the Republic of Slovenia Unit: Euro million
Top 10 commodities of import by Slovenia from India in 2022
|
Product code |
Product label |
January |
|
'29 |
Organic chemicals |
10.48 |
|
'30 |
Pharmaceutical products |
7.00 |
|
‘76 |
Aluminium And Articles Thereof |
3.69 |
|
'72 |
Iron and steel |
1.94 |
|
'39 |
Plastics and articles thereof |
0.89 |
|
'84 |
Nuclear reactors, boilers, machinery and mechanical appliances, parts thereof |
0.78 |
|
'85 |
Electrical machinery and equipment and parts thereof, sound recorders and reproducers, television… |
0.72 |
|
'87 |
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof |
0.51 |
|
'40 |
Rubber and articles thereof |
0.38 |
|
'73 |
Articles of iron or steel |
0.29 |
Source: Statistical Office of the Republic of Slovenia Unit: Euro million
Top 10 commodities of Export of Slovenia to India in 2022
|
Product code |
Product label |
January |
|
'29 |
Organic Chemicals |
2.26 |
|
'30 |
Pharmaceutical products |
1.94 |
|
'84 |
Nuclear Reactors, Boilers, Machinery And Mechanical Appliances, Parts Thereof |
0.99 |
|
'48 |
Paper And Paperboard, Articles Of Paper Pulp, Of Paper Or Of Paperboard |
0.45 |
|
'72 |
Iron And Steel |
0.42 |
|
'85 |
Electrical Machinery And Equipment And Parts Thereof, Sound Recorders And Reproducers, Television… |
0.36 |
|
'41 |
Raw Hides and Skins (other than furskins) and leather |
0.32 |
|
‘90 |
Optical, Photographic, Cinematographic, Measuring, Checking, Precision, Medical Or Surgical Instruments And Apparatus, Parts And Accessories Thereof |
0.19 |
|
‘40 |
Rubber And Articles Thereof |
0.16 |
|
'39 |
Plastics And Articles Thereof |
0.16 |
Source: Statistical Office of the Republic of Slovenia Unit: Euro million
Source:
22 Economic Diplomacy Division, Ministry of External Affairs, https://indbiz.gov.in/trade/
23Statistical Office of the Republic of Slovenia
