List of the largest trading partners of India

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According to the Department of Commerce, the fifteen largest trading partners of India represent 60% of total trade by India and 80% of its trade deficit in the financial year 2012-13. These figures do not include services or foreign direct investment, but only trade in goods. The two largest goods traded by India are Mineral fuels (refined / unrefined) and gold (finished gold ware or gold metal). In the year 2013-14, mineral fuels (HS code 27) are 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) are the second largest traded item 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.[1]

The largest Indian partners with their total trade (sum of imports and exports) in millions of US Dollars for financial year 2012–2013 are as follows:[1]

Country Exports Imports Total Trade Trade Balance
All countries 300,400 490,736 791,136 -190,336.00
 United Arab Emirates 36,265.15 38,436.47 74,701.61 -2171.32
 China 13,503.00 54,324.04 67,827.04 -40,821.04
 United States 36,152.30 24,343.73 60,496.03 11,808.57[2]
 Saudi Arabia 9783.81 34,130.50 43,914.31 -24,346.69
 Switzerland 1,116.98 29,915.78 31,032.76 -28,798.80
 Singapore 13,608.65 7,754.38 21,363.03 5,854.27[2]
 Germany 7,244.63 14,373.91 21,618.54 -7129.28
 Hong Kong 12,278.31 8,078.58 20,356.89 4,199.74[2]
 Indonesia 5,331.47 14,774.27 20,105.75 -9,442.80
 Iraq 1,278.13 20,155.94 21,434.07 -18,877.81
 Japan 6,099.06 12,514.07 18,613.14 -6,415.01
 Belgium 5,506.63 10,087.16 15,593.80 -4,580.53
 Kuwait 1,060.80 16,569.63 17,630.43 -15,508.83
 Iran 3,351.07 11,603.79 14,954.86 -8,252.72
 South Korea 4,201.49 13,461.25 17,662.73 -9,259.76

This list does not include the Gulf Cooperation Council (GCC), which includes two (UAE and Saudi Arabia) of the above states in a single economic entity. As a single economy the Gulf Cooperation Council (GCC) is the largest trading partner of India with almost $160 billion in total trade.[3]

This list also does not include the European Union (EU), which includes two (Germany and Belgium) of the above states in a single economic entity. As a single economy, the EU is the second largest trading partner of India with €40.5 billion worth of EU goods going to India and €39.4 billion of Indian goods going to the EU as of 2011, totaling approximately 79.8 billion ($104 Billion USD) in total trade.[4][5]

India is also the largest export and/or import partner of the following countries:

Exports[6] Imports[7]

See also[edit]

References[edit]