List of the largest trading partners of India
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.
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:
|Country||Exports||Imports||Total Trade||Trade Balance|
|United Arab Emirates||36,265.15||38,436.47||74,701.61||-2,171.32|
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.
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[update], totaling approximately €79.8 billion ($104 Billion USD) in total trade.
India is also the largest export and/or import partner of the following countries:
- Economy of India
- Gold import policy of India
- List of the largest trading partners of the United States
- List of the largest trading partners of the European Union
- List of the largest trading partners of the People's Republic of China
- Total Trade :: Top 15 countries
- re-exported items such as refined petroleum products and gold jewellery
- European Commission Bilateral Trade with India
- EU'S Trade Balance with India