List of the largest trading partners of India

According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 59.37% of total trade by India in the financial year 1951-1952.[1] These figures include trade in goods and commodities, but do not include services or foreign direct investment.

The two largest goods traded by India are mineral fuels (refined / unrefined) and gold (finished gold ware / gold metal). In the year 2013-14, mineral fuels (HS code 27) were the largest traded item with 181.383 billion US$ worth imports and 64.685 billion US$ worth re-exports after refining. In the year 2013-14, gold and its finished items (HS code 71) were the second largest traded items with 58.465 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition. These two goods are constituting 53% total imports, 34% total exports and nearly 100% of total trade deficit (136 billion US$) of India in the financial year 2013-14.[2] The services trade (exports and imports) are not part of commodities trade. The trade surplus in services trade is US$70 billion in the year 2017-18.[3]

Counting the European Union as one, the WTO ranks India fifth for commercial services exports and sixth for commercial services imports.[4]

The two main destinations of exported Indian merchandises is the EU market and the USA, when the two main markets of origin are China and the EU[4] According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 59.37% of total trade by India in the financial year 2015-2016.[1] These figures include trade in goods and commodities, but do not include services or foreign direct investment. 2019 20 India's top trend partner USA

Largest trading partners with IndiaEdit

India's largest trade partners with their total trade (sum of imports and exports) in billions of US dollars for the financial year 2019–20 were as follows:[5]

Rank Country Exports Imports Total Trade Trade Balance
1   United States 57.7 34.3 92.0 23.4
2   China 16.61 65.26 81.87 -48.65
3   United Arab Emirates 28.81 30.22 59.03 1.41
4   Saudi Arabia 6.39 20.32 26.71 -13.93
5    Switzerland 1.21 16.9 18.11 -15.69
6   Germany 8.21 13.69 21.9 -5.48
7   Hong Kong 13.7 20.34 34.04 -6.64
8   Indonesia 4.12 15.06 19.18 -10.94
9   South Korea 4.85 15.65 20.5 -10.8
10   Malaysia 3.71 9.08 16.93 -5.30
11   Singapore 7.72 9.31 16.93 2.68
12   Nigeria 2.22 9.95 16.36 -11.00
13   Belgium 5.03 8.26 16.33 -5.29
14   Qatar 0.90 9.02 15.66 -13.55
15   Japan 4.66 9.85 15.52 -4.75
16   Iraq 1.00 10.84 15.08 -13.42
17   Kuwait 1.25 4.97 14.58 -12.18
18   United Kingdom 8.83 5.19 14.34 4.30
19   Iran 2.78 6.28 13.13 -4.78
20   Australia 3.26 8.90 13.03 -7.47
21   Venezuela 0.13 5.70 11.99 -11.47
22   South Africa 3.59 5.95 11.72 -3.40
- Remaining Countries 126.78 104.92 231.70 21.86
India's Total 330.08 514.08 844.16 -184.0

Countries of which India is the largest trading partnerEdit

India is the primary export or import partner of several countries. The percentages on these tables are based on 2017 data as shown on the CIA World Factbook.

Exports from these countries to India[6]
Region Percentage
  Bhutan 95.3%
  Guinea-Bissau 67.1%
  Afghanistan 56.5%
    Nepal 53.1%
  Nigeria 30.6%
  Mozambique 28.1%
  Ghana 23.8%
  Tanzania 21.8%
  Iraq 21.2%
  United Arab Emirates 10.1%
Imports by these countries from India[7]
Region Percentage
  Bhutan 89.5%
    Nepal 70.2%
  Sri Lanka 22.0%
  Burundi 18.5%
  Mauritius 17.9%
  Tanzania 16.5%

Export partnersEdit

India exports approximately 7500 commodities to about 192 countries.[8] The following table shows India's 10 largest destinations for exports in 2019-2020.[9]

Rank Country Value (US$ billion) Share of overall exports
1   United States 57.7 16.94%
2   United Arab Emirates 28.8 9.20%
3   China 16.6 5.47%
4   Hong Kong 10.9 3.53%
5   Singapore 8.9 2.90%
6   United Kingdom 8.7 2.80%
7   Netherlands 8.3 2.69%
8   Germany 8.29 2.65%
9   Bangladesh 8.20 2.61%
10     Nepal 7.16 2.28%

Import partners Of India.Edit

India imports around 6000 commodities from 140 countries.[8] The following table shows India's 10 largest sources of imports in 2019-2020.[9]

Rank Country Value (US$ billion) Share of overall imports
1   China 57.8 14.37%
2   United States 30.5 7.57%
3   United Arab Emirates 25.8 6.39%
4   Saudi Arabia 23.0 5.70%
5   Iraq 19.8 4.91%
6    Switzerland 14.8 3.67%
7   Hong Kong 14.6 3.63%
8   South Korea 13.2 3.28%
9   Indonesia 12.8 3.17%
10   Singapore 12.2 3.02%

See alsoEdit

India related
Lists

ReferencesEdit

  1. ^ a b "Archived copy". Archived from the original on 2011-09-27. Retrieved 2010-05-11.CS1 maint: archived copy as title (link)
  2. ^ "Total Trade :: 25 Top countries". commerce.nic.in. Department of Commerce. Archived from the original on 22 October 2018. Retrieved 20 December 2015.
  3. ^ "Statistics - Services Export Promotion Council". Department of Commerce. Retrieved 20 December 2015.
  4. ^ a b https://www.wto.org/english/res_e/booksp_e/trade_profiles17_e.pdf
  5. ^ "Total Trade". commerce.gov.in/. Department of Commerce. 2019–20. Retrieved 27 December 2020.CS1 maint: date format (link)
  6. ^ "Exports – partners". The World Factbook. Retrieved 2018-10-21.
  7. ^ "Imports – partners". The World Factbook. Retrieved 2018-10-21.
  8. ^ a b Macroeconomics and Elementary Statistics. FK Publications. ISBN 9788187140900.
  9. ^ a b "GOVERNMENT OF INDIA, Ministry of Commerce & Industry, DEPARTMENT OF COMMERCE".