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