According to the Ministry 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 2012-2013. 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$) of India in the financial year 2013-14. The services trade (exports and imports) are not part of commodities trade. The trade surplus in services trade is US$ 73 billions in the year 2013-14.
India's largest trade partners with their total trade (sum of imports and exports) in millions of US dollars for financial year 2014–15 were as follows:
India exports approximately 7500 commodities to about 190 countries. India exported US$ 264 billion worth of commodities in 2015. The following table shows India's 11 largest destinations for exports:
India imports around 6000 commodities from 140 countries. India imported $390.7 billion worth of commodities in 2015, down by 15% from the previous year. The following table shows India's 11 largest sources of imports: