I. Bilateral trade of India with Slovenia in the period of FY 2018-19 to FY 2022-23
India is one of its most important Asia foreign trade partners of Slovenia. The bilateral trade with Slovenia sorted per financial years 2018-19 to 2022-23 is presented in the table below.1
|
Bilateral trade (in USD million)
|
FY 2018-19 |
FY 2019-20 |
FY 2020-21 |
FY 2021-22 |
FY 2022-23
|
India's export to Slovenia
|
314.05 |
332.55 |
354.78 |
494.39 |
610.87 |
India's import from Slovenia
|
248.62 |
248.43 |
271.78 |
303.24 |
297.83
|
| Total trade |
562.67 |
580.98 |
626.56 |
797.63 |
908.07 |
| Balance in India’s Favor |
+ 65.43 |
+ 84.12 |
+ 83.00 |
+ 191.15 |
+ 313.04 |
II. Bilateral trade of India with Slovenia in FY 2023-24
|
Bilateral trade (in USD million)
|
(April 2023)
|
India's export to Slovenia
|
48.84 |
India's import from Slovenia
|
30.56 |
| Total trade |
79.40 |
| Balance in India’s Favor |
18.28 |
(in USD million)
III. Top 10 India’s commodities, exported to Slovenia in FY 2023-24
| Product code |
Product label |
in USD million |
|
FY 2023-24 (April)
|
FY 2022-23 (April)
|
% of Growth |
| 29 |
Organic chemicals |
8.30 |
11.96 |
- 30.60 |
| 30 |
Pharmaceutical products |
7.31 |
6.44 |
13.57 |
| 85 |
Electrical machinery and equipment and parts thereof |
6.34 |
3.53 |
79.91 |
| 87 |
Vehicles other than railway or tramway |
2.76 |
17.86 |
- 0.53 |
| 84 |
Nuclear reactors, boilers, machinery |
3.34 |
6.27 |
- 25.51 |
| 38 |
Miscellaneous chemical products |
1.91 |
28.00 |
20.61 |
| 61 |
Articles of apparel and clothing accessories |
3.44 |
8.57 |
- 35.76 |
| 72 |
Iron and steel |
1.45 |
27.57 |
40.00 |
| 64 |
Footwear, gaiters and the like, parts of such articles |
3.00 |
15.43 |
- 39.36 |
| 09 |
Coffee, tea, mate and spices |
1.30 |
21.82 |
35.62 |
IV. MOUs (Memorandum of Understanding) signed between India and Slovenia
|
Number
|
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
|
***
Source: 1Department of Commerce, Ministry of Commerce and Industry, Government of India, https://commerce.gov.in/
