List of the largest trading partners of India

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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$) of India in the financial year 2013-14.[1] The services trade (exports and imports) are not part of commodities trade. The trade surplus in services trade is US$ 73 billions in the year 2013-14.[2]

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:[3]

Rank Country Exports Imports Total Trade Trade Balance
- All countries 310,338.47 447,964.38 758,301.08 -137,625.92
1  China 11,934.25 60,413.17 72,347.42 -48,478.91
2  United States 42,448.66 21,814.60 64,263.26 20,634.05
3  United Arab Emirates 33,028.08 26,139.91 59,167.99 6,888.17
4  Saudi Arabia 11,161.43 28,107.56 39,268.98 -16,946.13
5   Switzerland 1,068.58 22,133.16 23,201.74 -21,064.58
6  Germany 7,537.34 12,787.86 20,325.20 -5,250.52
7  Hong Kong 13,599.88 5,571.99 19,171.87 8,027.89
8  Indonesia 4,043.32 15,004.64 19,047.96 -10,961.32
9  South Korea 4,602.95 13,529.11 18,132.06 -8,926.16
10  Malaysia 5,816.55 11,117.74 16,934.29 -5,301.19
11  Singapore 9,809.36 7,124.47 16,933.83 2,684.89
12  Nigeria 2,681.37 13,682.97 16,364.34 -11,001.60
13  Belgium 5,519.47 10,805.92 16,325.39 -5,286.46
14  Qatar 1,054.98 14,604.71 15,659.69 -13,549.74
15  Japan 5,385.57 10,131.36 15,516.93 -4,745.79
16  Iraq 829.32 14,247.66 15,076.98 -13,418.34
17  Kuwait 1,198.89 13,381.97 14,580.85 -12,183.08
18  United Kingdom 9,319.73 5,018.28 14,338.01 4,301.46
19  Iran 4,175.06 8,955.02 13,130.08 -4,779.96
20  Australia 2,782.13 10,247.24 13,029.38 -7,465.11
21  Venezuela 258.07 11,729.89 11,987.96 -11,471.82
22  South Africa 4,161.29 7,562.83 11,724.12 -3,401.54

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

India is the primary export or import partner of several countries. The percentages on these tables are based on 2014 data as shown on the CIA World Factbook.

   
Exports[4]
Region Percentage
 Bhutan 83.8%
   Nepal 59.7%
 Guinea-Bissau 52.3%
 Afghanistan 33.5%
 Comoros 28.4%
 Tanzania 21.0%
 Nigeria 15.4%
Imports[5]
Region Percentage
 Bhutan 72.3%
   Nepal 57.0%
 Mauritius 21.7%
 Sri Lanka 20.7%

Export partners[edit]

India exports approximately 7500 commodities to about 190 countries.[6] India exported US$ 264 billion worth of commodities in 2015.[7] The following table shows India's 11 largest destinations for exports:

Rank Country Value (US$ billion) Share of overall exports
1  United States 40.4 15.3%
2  United Arab Emirates 30.3 11.5%
3  Hong Kong 12.2 4.6%
4  China 9.5 3.6%
5  United Kingdom 8.9 3.4%
6  Singapore 7.8 3%
7  Germany 7 2.7%
8  Saudi Arabia 7 2.7%
9  Sri Lanka 5.5 2.1%
10  Bangladesh 5.5 2.1%
11  Vietnam 5.3 2%

Import partners[edit]

India imports around 6000 commodities from 140 countries.[8] India imported $390.7 billion worth of commodities in 2015, down by 15% from the previous year.[9] The following table shows India's 11 largest sources of imports:

Rank Country Value (US$ billion) Share of overall imports
1  China 61.5 15.8%
2  Saudi Arabia 21.4 5.5%
3   Switzerland 21.1 5.4%
4  United States 20.5 5.2%
5  United Arab Emirates 20.3 5.2%
6  Indonesia 13.9 3.5%
7  South Korea 13.1 3.4%
8  Germany 11.8 3%
9  Iraq 11.3 2.9%
10  Nigeria 10.2 2.6%
11  Qatar 9.7 2.5%

See also[edit]

References[edit]

  1. ^ "Total Trade :: 25 Top countries". commerce.nic.in. Department of Commerce. Retrieved 20 December 2015. 
  2. ^ "Statistics - Services Export Promotion Council". Department of Commerce. Retrieved 20 December 2015. 
  3. ^ "Total Trade". commerce.nic.in. Department of Commerce. Retrieved 20 December 2015. 
  4. ^ "The World Factbook". www.cia.gov. Retrieved 2016-05-07. 
  5. ^ "The World Factbook". www.cia.gov. Retrieved 2016-05-07. 
  6. ^ Macroeconomics and Elementary Statistics. FK Publications. ISBN 9788187140900. 
  7. ^ "Top India Exports". www.worldsrichestcountries.com. Retrieved 2015-12-07. 
  8. ^ Macroeconomics and Elementary Statistics. FK Publications. ISBN 9788187140900. 
  9. ^ "Top India Imports". www.worldsrichestcountries.com. Retrieved 2015-12-07.