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I. Bilateral trade of India with Slovenia in the period of FY 2018-19 to FY 2021-22

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 2021-22 is presented in the table below.1

 

Bilateral trade (in USD million)

 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
India's export to Slovenia
 314.05 332.55 354.78 494.39
India's import from Slovenia
 248.62 248.43 271.78 303.24
Total trade 562.67 580.98 626.56 797.63
Balance in India’s Favor + 65.43 + 84.12 + 83.00 + 191.15
II. Bilateral trade of India with Slovenia in FY 2022-23

In the financial year April 2022-March 2023 India continues strengthening its exporting position in connection to Slovenia, and already in January 2023 successfully reached the Annual export target of USD 490.90 million.

 

Bilateral trade (in USD million)

FY 2022-23 (April-January)
India's export to Slovenia
 492.28
India's import from Slovenia
 247.80
Total trade 740.08
Balance in India’s Favor + 244.48
 
III. Top 10 India’s commodities, exported to Slovenia in FY 2022-23

 

Product code Product label in USD million

FY 2022-23 (April-January)

FY 2021-22 (April-January)

 % of Growth
29 Organic chemicals 93.77 89.62 4.64
30 Pharmaceutical products 77.56 56.74 36.68
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television 43.31 24.36 77.83
61 Articles of apparel and clothing accessories 47.94 17.86 168.37
64 Footwear, gaiters and the like, parts of such articles 26.76 6.27 326.89
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 30.90 28.00 10.35
73 Articels of iron or steel
 11.88 8.57 38.69
84 Nuclear reactors, boilers, machinery
 23.07 27.57 -16.35
39 Plastics and articles thereof 23.83 15.43 54.45
72 Iron and steel
 18.16 21.82 -16.78
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

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Source:  1Department of Commerce, Ministry of Commerce and Industry, Government of India, https://commerce.gov.in/