2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$32,610CURRENT US$
Rnk 43 / 196
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195

About

India-Slovenia Trade: In 2023, India exported $1.87B to Slovenia. The main products that India exported to Slovenia were Nitrogen Heterocyclic Compounds ($1.24B), Refined Petroleum ($203M), and Packaged Medicaments ($99M). Over the past 5 years the exports of India to Slovenia have increased at an annualized rate of 36.4%, from $397M in 2018 to $1.87B in 2023.

In 2023, India did not export any services to Slovenia.

Slovenia-India Trade: In 2023, Slovenia exported $153M to India. The main products that Slovenia exported to India were Nucleic Acids ($28M), Antibiotics ($8.55M), and Casting Machines ($6.06M). Over the past 5 years the exports of Slovenia to India have decreased at an annualized rate of 6.25%,  from $212M in 2018 to $153M in 2023.

In 2020, Slovenia exported services to India worth $9.14M, with Insurance services ($3.77M), Other business services ($2.17M), and Transportation ($1.83M) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $1.87B to Slovenia. The main products exported from India to Slovenia were Nitrogen Heterocyclic Compounds ($1.24B), Refined Petroleum ($203M), and Packaged Medicaments ($99M). During the last 5 years the exports of India to Slovenia have increased at an annualized rate of 36.4%, from $397M in 2018 to $1.87B in 2023.

In 2018, Slovenia exported $153M to India. The main products exported from Slovenia to India were Nucleic Acids ($28M), Antibiotics ($8.55M), and Casting Machines ($6.06M). During the last 5 years the exports of Slovenia to India have decreased at an annualized rate of 6.25%, from $212M in 2023 to $153M in 2018.

Exports from India (Flag) to Slovenia (Flag) (2023)

Exports from Slovenia (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Slovenia
Top Destination
Switzerland$13.5B

This map shows whether countries import more from India or Slovenia. Each country is colored based on the difference in imports they receive from India and Slovenia or the difference in the growth in imports.

In 2023, countries that imported more from India than Slovenia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Slovenia than India included Switzerland ($13.5B), Croatia ($4.85B), and Austria ($3.38B).

Difference in imports from Slovenia (Flag) and India (Flag) (2023)

Comparative Advantage India - Slovenia

Flow
Scale

This chart compares trade between India and Slovenia by product, considering products traded by both, India and Slovenia.

During 2023, India had a large net trade with Slovenia in the exports of Chemical Products ($1.39B), Mineral Products ($205M), and Metals ($90.3M).

During 2018, Slovenia had a large net trade with India in the exports of Machines ($51M), Chemical Products ($41.5M), and Metals ($16.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Slovenia+$133MRefined Petroleum
Top Product Potential Slovenia India+$22.5MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Slovenia exported services to India worth $9.14M, with Insurance services ($3.77M), Other business services ($2.17M), and Transportation ($1.83M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovenia (Flag) to India (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and Slovenia. This means that a dot/product with the flag of India indicates it has a comparative advantage over Slovenia. Similarly, a dot/product with the flag of Slovenia indicates it has a comparative advantage over India.

Product Space of India (Flag) and Slovenia (Flag) (2023)

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