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 -2,171.32
 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, totalling approximately 79.8 billion ($104 Billion USD) in total trade.[4][5]

Countries of which India is the largest trading partner[edit]

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

   
Exports[6]
Region Percentage
   Nepal 93.9%
 Bhutan 83.8%
 Guinea-Bissau 56.5%
 Afghanistan 27%
 Benin 23.5%
 Iraq 20.2%
 Gambia 18.6%
 Kuwait 15.7%
 Tanzania 15.2%
 Burma 14.8%
 Niger 14.3%
 Togo 14.2%
 United Arab Emirates 13.4%
 Qatar 12.1%
 Venezuela 12%
 Iran 11.9%
 Senegal 11.9%
 Nigeria 11.5%
 Yemen 11.4%
 Guinea 10.6%
 Jordan 10.5%
 Angola 10.1%
 Cameroon 8.6%
 Saudi Arabia 8.2%
Imports[7]
Region Percentage
   Nepal 79.4%
 Bhutan 72.3%
 Mauritius 23.1%
 Sri Lanka 22.7%
 Kenya 20.9%
 Bahamas 20.3%
 United Arab Emirates 17%
 Bangladesh 16.3%
 Somalia 13.2%
 Uganda 11.7%
 Mozambique 11.6%
 Tanzania 11.3%
 Djibouti 10.6%
 Sierra Leone 10.2%
 Maldives 9.6%
 Sudan 8.8%
 Comoros 8.5%
 Oman 8.5%

See also[edit]

References[edit]