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2023
Flag → Flag
Exports $153MRnk 37 / 199
2023
Flag → Flag
Top Product $28MNucleic Acids
2023
Flag → Flag
Exports $1.87BRnk 45 / 220
2023
Flag → Flag
Top Product $1.24BNitrogen Heterocyclic Compounds
2023
Flag
Economic Complexity (ECI) ECI 1.48Rnk 12 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $32,610CURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP PC GROWTH40.3%CURRENT US$
Rnk 61 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $153M in 2023.

In 2018, 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 2023 to $1.87B in 2018.

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

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

Latest Data

Trade between Slovenia (Flag) and India (Flag)

Slovenia Exports

India Exports

Market Competitiveness

Color
Slovenia
Top DestinationSwitzerland$13.5B
India
Top DestinationUnited States$85.5B

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

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

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

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

Comparative Advantage Slovenia - India

Flow
Scale

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

During 2023, Slovenia had a large net trade with India in the exports of Machines ($51M), Chemical Products ($41.5M), and Metals ($16.2M).

During 2018, India had a large net trade with Slovenia in the exports of Chemical Products ($1.39B), Mineral Products ($205M), and Metals ($90.3M).

Potential Exports

Potential Exports

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

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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Economic Complexity

Competitive Landscape

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

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

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