About Us India-Slovenia Bilateral Trade

I. Bilateral trade of India with Slovenia in the period of FY 2020-21 to FY 2024-25

India is one of its most important Asia foreign trade partners of Slovenia. The bilateral trade with Slovenia sorted per financial years 2020-21 to 2024-25 is presented in the table below.

(in USD million)

Bilateral trade

FY 2020-21

FY 2021-22

FY 2022-23

FY 2023-24

FY 2024-25

India's export to Slovenia

354.78

494.39

610.87

586.98

586.04

India's import from Slovenia

271.78

303.24

297.83

308.46

262.09

Total trade

626.56

797.63

908.07

895.44

848.13

Balance in India’s Favor

+ 83.00

+ 191.15

+ 313.04

+ 278.52

+ 323.95

Source: Department of Commerce, Ministry of Commerce and Industry, Government of India

 

II. Top 10 India’s commodities, exported to Slovenia in FY 2024-25

Product

code

 

Product label

in USD million

FY 2024-25

(Apr - Mar)

 

FY 2023-24

(Apr - Mar)

 

% of

Growth

30

Pharmaceutical products

110.09

100.89

9.12

29

Organic chemicals

86.38

101.01

-14.48

93

Arms and ammunition; parts and accessories thereof

79.46

16.54

380.40

40

Rubber and articles thereof

48.74

28.66

70.05

87

Vehicles other than railway or tramway

28.92

40.21

-28.08

84

Nuclear reactors, boilers, machinery

28.69

32.64

-12.10

61

Articles of apparel and clothing accessories

21.82

27.31

-20.08

85

Electrical machinery and equipment and parts thereof

18.05

59.87

-69.85

72

Iron and steel

10.51

28.06

-62.56

64

Footwear, gaiters and the like; parts of such articles

4.60

18.97

-75.72

Source: Department of Commerce, Ministry of Commerce and Industry, Government of India

 

III. MOUs (Memorandum of Understanding) signed between India and Slovenia

No.

Name of the Memorandum of Understanding

Signed

1.

Agreement on setting up Joint Committee on Bilateral Trade and Cooperation

1993

2.

Agreement on Scientific and Technology Cooperation

1995

3.

Agreement between FICCI/ASSOCHAM and the Slovene Chamber of Commerce and Industry to set up Joint Business Council

1995

4.

National Centre for Trade Information, India (NCTI) - Chamber of Commerce of Slovenia (CCS) Agreement for reciprocal sharing of information

1997

5.

Double Taxation Avoidance Agreement

2003

6.

Export Credit Guarantee Corporation (ECGC) - Slovenia Export Corporation (SEC) Cooperation Framework Agreement

2003

7.

MOU between the Bureau of Indian Standards and the Slovenian Institute for Standardisation

2011

8.

Agreement on Mutual Promotion and Protection of Investments

2011

9.

MOU between CII and CCIS

2013

10.

Protocol Amending the Convention of Fiscal Evasion with respect to Taxes on Income

2016

11.

MOU on Cooperation in the field of Sport between the Ministry of Youth Affairs and Sports of India and the Ministry of Education, Science and Sport of Slovenia

2019

12.

MOU between Invest India and SPIRIT Slovenia

2019

13.

Cooperation Agreement between CCIS and ASSOCHAM

2019

14.

Programme of Cooperation between the Bureau of India Standards (BIS) and the Slovenian Institute for Standardisation (SIST) on Technical Cooperation in the field of Standardisation

2019

15.

MOU between IIT Kanpur and Space-SI (for Clean Ganga project)

2019

16.

MOU between National Small Industries Corporation Ltd. (NSIC) and SPIRIT Slovenia

2022

17.

MoU between ICCR and Nova University on the establishment of India Study Centre at Nova University

2024

18.

MoU between Valley of Flowers National Park, Uttarakhand, India and Triglav National Park, Slovenia

2024

19.

MoU between G.B. Pant University (GBPU), Uttrakhand and Agricultural Institute of Slovenia (KIS)

2024