List of the largest trading partners of India

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According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 59.37% of total trade by India in the financial year 2015-2016.[1] These figures include trade in goods and commodities, but do not include services or foreign direct investment.

The two largest goods traded by India are Mineral fuels (refined / unrefined) and gold (finished gold ware / 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$) of India in the financial year 2013-14,[2] the services trade (exports and imports) are not part of commodities trade. The trade surplus in services trade is US$ 73 billions in the year 2013-14.[3]

Largest trading House[edit]

India's largest trade partners with their total trade (sum of imports and exports) in billions of US dollars for the financial year 2014–15 were as follows:[4]

Rank Country Exports Imports Total Trade Trade Balance
1  China 9.01 61.71 70.72 -52.70
2  United States 40.34 21.78 62.12 18.55
3  United Arab Emirates 30.29 19.45 49.74 10.84
4  Saudi Arabia 6.39 20.32 26.72 -13.93
5   Switzerland 0.98 19.30 20.28 -18.32
6  Germany 7.09 12.09 20.33 -5.25
7  Hong Kong 12.09 6.05 19.17 8.03
8  Indonesia 2.82 13.13 19.05 -10.96
9  South Korea 3.52 13.05 18.13 -8.93
10  Malaysia 3.71 9.08 16.93 -5.30
11  Singapore 7.72 7.31 16.93 2.68
12  Nigeria 2.22 9.95 16.36 -11.00
13  Belgium 5.03 8.26 16.33 -5.29
14  Qatar 0.90 9.02 15.66 -13.55
15  Japan 4.66 9.85 15.52 -4.75
16  Iraq 1.00 10.84 15.08 -13.42
17  Kuwait 1.25 4.97 14.58 -12.18
18  United Kingdom 8.83 5.19 14.34 4.30
19  Iran 2.78 6.28 13.13 -4.78
20  Australia 3.26 8.90 13.03 -7.47
21  Venezuela 0.13 5.70 11.99 -11.47
22  South Africa 3.59 5.95 11.72 -3.40
- Remaining Countries 126.78 104.92 231.70 21.86
India's Total 262.29 381.01 758.30 -137.63

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 2015 data as shown on the CIA World Factbook.

   
Exports[5]
Region Percentage
 Bhutan 83.8%
 Guinea-Bissau 63.5%
   Nepal 61.3%
 Comoros 28.7%
 Gambia 27.2%
 Ghana 25.2%
 Benin 24.2%
 Guinea 22.5%
 Tanzania 21.4%
 Nigeria 18.2%
 Togo 14.6%
Imports[6]
Region Percentage
 Bhutan 72.3%
   Nepal 61.5%
 Sri Lanka 24.6%
 Mauritius 18.7%

Export partners[edit]

India exports approximately 7500 commodities to about 190 countries.[7] India exported US$ 264 billion worth of commodities in 2015,[8] 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.[9] India imported $390.7 billion worth of commodities in 2015, down by 15% from the previous year.[10] 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. ^ http://commerce.nic.in/eidb/iecnttopn.asp
  2. ^ "Total Trade :: 25 Top countries". commerce.nic.in. Department of Commerce. Retrieved 20 December 2015. 
  3. ^ "Statistics - Services Export Promotion Council". Department of Commerce. Retrieved 20 December 2015. 
  4. ^ "Total Trade". commerce.nic.in. Department of Commerce. 2015–16. Retrieved 29 January 2017. 
  5. ^ "The World Factbook". www.cia.gov. Retrieved 2016-05-07. 
  6. ^ "The World Factbook". www.cia.gov. Archived from the original on 2016-08-06. Retrieved 2016-05-07. 
  7. ^ Macroeconomics and Elementary Statistics. FK Publications. ISBN 9788187140900. 
  8. ^ "Top India Exports". www.worldsrichestcountries.com. Retrieved 2015-12-07. 
  9. ^ Macroeconomics and Elementary Statistics. FK Publications. ISBN 9788187140900. 
  10. ^ "Top India Imports". www.worldsrichestcountries.com. Retrieved 2015-12-07.