I. Bilateral trade of India with Slovenia in the period of FY 2018-19 to FY 2023-24
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.
(in USD million)
|
Bilateral trade
|
FY 2019-20
|
FY 2020-21
|
FY 2021-22
|
FY 2022-23
|
FY 2023-24
|
|
India's export to Slovenia
|
332.55
|
354.78
|
494.39
|
610.87
|
586.98
|
|
India's import from Slovenia
|
248.43
|
271.78
|
303.24
|
297.83
|
308.46
|
|
Total trade
|
580.98
|
626.56
|
797.63
|
908.07
|
895.44
|
|
Balance in India’s Favor
|
+ 84.12
|
+ 83.00
|
+ 191.15
|
+ 313.04
|
278.52
|
Source: Department of Commerce, Ministry of Commerce and Industry, Government of India
II. Top 10 India’s commodities, exported to Slovenia in FY 2023-24
|
Product
code
|
Product label
|
in USD million
|
|
FY 2023-24
(Apr - Mar)
|
FY 2022-23
(Apr - Mar)
|
% of
Growth
|
|
29
|
Organic chemicals
|
101
|
120.29
|
-16.04
|
|
30
|
Pharmaceutical products
|
100.89
|
91.55
|
10.2
|
|
85
|
Electrical machinery and equipment and parts thereof
|
59.86
|
55.45
|
7.95
|
|
87
|
Vehicles other than railway or tramway
|
40.2
|
38.2
|
5.25
|
|
84
|
Nuclear reactors, boilers, machinery
|
32.63
|
28.28
|
15.37
|
|
40
|
Rubber and articles thereof
|
28.66
|
11.21
|
155.61
|
|
72
|
Iron and steel
|
28.06
|
24.45
|
14.77
|
|
61
|
Articles of apparel and clothing accessories
|
27.31
|
54.38
|
-49.78
|
|
64
|
Footwear, gaiters and the like; parts of such articles
|
18.97
|
31.3
|
-39.4
|
|
93
|
Arms and ammunition; parts and accessories thereof
|
16.54
|
0.68
|
2343.49
|
Source: Department of Commerce, Ministry of Commerce and Industry, Government of India
III. 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
|
