List of the largest trading partners of India

2021-10-16T15:46:44Z

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According to the [[Ministry of Commerce and Industry (India)|Ministry of Commerce and Industry]], the fifteen '''largest trading partners of India''' represent 59.37% of total trade by India in the financial year 1951-1952.<ref name="Archived copy">{{Cite web |url=http://commerce.nic.in/eidb/iecnttopn.asp |title=Archived copy |access-date=2010-05-11 |archive-url=https://web.archive.org/web/20110927165341/http://commerce.nic.in/eidb/iecnttopn.asp |archive-date=2011-09-27 |url-status=dead }}</ref> 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) were 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 Control Act|gold and its finished items]] (HS code 71) were the second largest traded items 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 [[Balance of trade|trade deficit]] (136 billion US$) of India in the financial year 2013-14.<ref name="June2013">{{cite web|title=Total Trade :: 25 Top countries|url=http://commerce.nic.in/eidb/iecnttopnq.asp|website=commerce.nic.in|publisher=Department of Commerce|access-date=20 December 2015|archive-url=https://web.archive.org/web/20181022073616/http://commerce.nic.in/eidb/iecnttopnq.asp|archive-date=22 October 2018|url-status=dead}}</ref> The services trade (exports and imports) are not part of commodities trade. The trade surplus in services trade is US$70 billion in the year 2017-18.<ref>{{cite web|title= Statistics - Services Export Promotion Council |url=http://www.servicesepc.org/statistics/|publisher=Department of Commerce|access-date=20 December 2015}}</ref>

Counting the European Union as one, the WTO ranks India fifth for commercial services exports and sixth for commercial services imports.<ref name="wto.org">https://www.wto.org/english/res_e/booksp_e/trade_profiles17_e.pdf</ref>

The two main destinations of exported Indian merchandises is the EU market and the USA, when the two main markets of origin are China and the EU<ref name="wto.org"/>
According to the [[Ministry of Commerce and Industry (India)|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.<ref name="Archived copy"/> These figures include trade in goods and commodities, but do not include services or [[foreign direct investment]].

==Largest trading partners with India==
India's largest trade partners with their total trade (sum of imports and exports) in billions of US dollars for the financial year 2019–20 were as follows:

{| class="wikitable sortable"
|-
! Rank !! Country !! Exports !! Imports !! Total Trade !! Trade Balance
|-
|1
|{{flagcountry|United States}}
|57.7
|34.3
|92.0
|23.4
|-
|2
|{{flagcountry|China}}
|16.61
|65.26
|81.87
|<nowiki>-48.65</nowiki>
|-
|3
| {{flagcountry|United Arab Emirates}}
|28.81
|30.22
|59.03
|<nowiki>-1.41</nowiki>
|-
|4
| {{flagcountry|Saudi Arabia}}
|6.39
|20.32
|26.71
|<nowiki>-13.93</nowiki>
|-
|5
| {{flagcountry|Switzerland}}
|1.21
|16.9
|18.11
|<nowiki>-15.69</nowiki>
|-
|6
|{{flagcountry|Germany}}
|8.21
|13.69
|21.9
|<nowiki>-5.48</nowiki>
|-
|7
|{{flagcountry|Hong Kong}}
|13.7
|20.34
|34.04
|<nowiki>-6.64</nowiki>
|-
|8
|{{flagcountry|Indonesia}}
|4.12
|15.06
|19.18
|<nowiki>-10.94</nowiki>
|-
|9
|{{flagcountry|South Korea}}
|4.85
|15.65
|20.5
|<nowiki>-10.8</nowiki>
|-
|10
|{{flagcountry|Malaysia}}
|3.71
|9.08
|16.93
|<nowiki>-5.30</nowiki>
|-
|11
| {{flagcountry|Singapore}} ||7.72
|9.31
|16.93
|2.68
|-
|12
|{{flagcountry|Nigeria}}
|2.22
|9.95
|16.36
|<nowiki>-11.00</nowiki>
|-
|13
|{{flagcountry|Belgium}}
|5.03
|8.26
|16.33
|<nowiki>-5.29</nowiki>
|-
|14
|{{flagcountry|Qatar}}
|0.90
|9.02
|15.66
|<nowiki>-13.55</nowiki>
|-
|15
|{{flagcountry|Japan}}
|4.66
|9.85
|15.52
|<nowiki>-4.75</nowiki>
|-
|16
|{{flagcountry|Iraq}}
|1.00
|10.84
|15.08
|<nowiki>-13.42</nowiki>
|-
|17
|{{flagcountry|Kuwait}}
|1.25
|4.97
|14.58
|<nowiki>-12.18</nowiki>
|-
|18
|{{flagcountry|United Kingdom}}
|8.83
|5.19
|14.34
|4.30
|-
|19
|{{flagcountry|Iran}}
|2.78
|6.28
|13.13
|<nowiki>-4.78</nowiki>
|-
|20
|{{flagcountry|Australia}}
|3.26
|8.90
|13.03
|<nowiki>-7.47</nowiki>
|-
|21
|{{flagcountry|Venezuela}}
|0.13
|5.70
|11.99
|<nowiki>-11.47</nowiki>
|-
|22
|{{flagcountry|South Africa}}
|3.59
|5.95
|11.72
|<nowiki>-3.40</nowiki>
|-
| -
| ''Remaining Countries'' ||126.78
|104.92
|231.70
|21.86
|-
! colspan="2" | India's Total
! 330.08
! 514.08
! 844.16
! <nowiki>-184.0</nowiki>
|}

==Countries of which India is the largest trading partner==
India is the primary export or import partner of several countries. The percentages on these tables are based on 2017 data as shown on the CIA World Factbook.
{|
| width="50%" align="left" |
| width="50%" align="left" |
|- valign="top"
| width="50%" align="left" style="margin-left:20%" |
{| class="wikitable sortable" style="margin-left:20%;"
|+Exports from these countries to India<ref>{{cite web|url=https://www.cia.gov/library/publications/the-world-factbook/fields/2050.html|work=[[The World Factbook]]|title=Exports – partners|access-date=2018-10-21}}</ref>
|-
! Region !! Percentage
|-
|{{flagcountry|Bhutan}}||style="text-align:center"|95.3%
|-
|{{flagcountry|Guinea-Bissau}}||style="text-align:center"|67.1%
|-
|{{flagcountry|Afghanistan}}||style="text-align:center"|56.5%
|-
|{{flagcountry|Nepal}}||style="text-align:center"|53.1%
|-
|{{flagcountry|Nigeria}}||style="text-align:center"|30.6%
|-
|{{flagcountry|Mozambique}}||style="text-align:center"|28.1%
|-
|{{flagcountry|Ghana}}||style="text-align:center"|23.8%
|-
|{{flagcountry|Tanzania}}||style="text-align:center"|21.8%
|-
|{{flagcountry|Iraq}}||style="text-align:center"|21.2%
|-
|{{nowrap|{{flagcountry|United Arab Emirates}}}}||style="text-align:center"|10.1%
|}
| width="50%" align="center" style="max-width:20%" |
{|class="wikitable sortable" style="margin-left:70%;"
|+Imports by these countries from India<ref>{{cite web|url=https://www.cia.gov/library/publications/the-world-factbook/fields/2061.html|work=[[The World Factbook]]|title=Imports – partners|access-date=2018-10-21}}</ref>
|-
! Region !! Percentage
|-
|{{flagcountry|Bhutan}}||style="text-align:center"|89.5%
|-
|{{flagcountry|Nepal}}||style="text-align:center"|70.2%
|-
|{{nowrap|{{flagcountry|Sri Lanka}}}}||style="text-align:center"|22.0%
|-
|{{flagcountry|Burundi}}||style="text-align:center"|18.5%
|-
|{{flagcountry|Mauritius}}||style="text-align:center"|17.9%
|-
|{{flagcountry|Tanzania}}||style="text-align:center"|16.5%
|}
|}

==Export partners==
India exports approximately 7500 commodities to about 192 countries.<ref name="FK Publications">{{Cite book|url=https://books.google.com/books?id=MvudnXqAPWAC|title=Macroeconomics and Elementary Statistics|publisher=FK Publications|isbn=9788187140900|language=en}}</ref> The following table shows India's 10 largest destinations for exports in 2019-2020.<ref name=":0">{{Cite web|url=https://commerce-app.gov.in/eidb/default.asp|title=GOVERNMENT OF INDIA, Ministry of Commerce & Industry, DEPARTMENT OF COMMERCE|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>
{| class="wikitable"
!Rank
!Country
!Value (US$ billion)
!Share of overall exports
|-
|1
|{{flagcountry|United States}}
|57.7
|16.94%
|-
|2
|{{flagcountry|United Arab Emirates}}
|28.8
|9.20%
|-
|3
|{{flagcountry|China}}
|16.6
|5.47%
|-
|4
|{{flagcountry|Hong Kong}}
|10.9
|3.53%
|-
|5
|{{flagcountry|Singapore}}
|8.9
|2.90%
|-
|6
|{{flagcountry|United Kingdom}}
|8.7
|2.80%
|-
|7
|{{flagcountry|Netherlands}}
|8.3
|2.69%
|-
|8
|{{flagcountry|Germany}}
|8.29
|2.65%
|-
|9
|{{flagcountry|Bangladesh}}
|8.20
|2.61%
|-
|10
|{{flagcountry|Nepal}}
|7.16
|2.28%
|}

==Import partners==
India imports around 6000 commodities from 140 countries.<ref name="FK Publications"/> The following table shows India's 10 largest sources of imports in 2019-2020.<ref name=":0" />

{| class="wikitable"
!Rank
!Country
!Value (US$ billion)
!Share of overall imports
|-
|1
|{{flagcountry|China}}
|57.8
|14.37%
|-
|2
|{{flagcountry|United States of America}}
|30.5
|7.57%
|-
|3
|{{flagcountry|United Arab Emirates}}
|25.8
|6.39%
|-
|4
|{{flagcountry|Saudi Arabia}}
|23.0
|5.70%
|-
|5
|{{flagcountry|Iraq}}
|19.8
|4.91%
|-
|6
|{{flagcountry|Switzerland}}
|14.8
|3.67%
|-
|7
|{{flagcountry|Hong Kong}}
|14.6
|3.63%
|-
|8
|{{flagcountry|South Korea}}
|13.2
|3.28%
|-
|9
|{{flagcountry|Indonesia}}
|12.8
|3.17%
|-
|10
|{{flagcountry|Singapore}}
|12.2
|3.02%
|}

==See also==
; India related
* [[Foreign trade of India]]
* [[Economy of India]]
* [[Foreign-exchange reserves of India]]
* [[Remittances to India]]
* [[Business process outsourcing to India]]
* [[List of exports of India]]
* [[Indian diaspora]]
* [[Indianisation]]

; Lists
* [[List of countries by leading trade partners]]
* [[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 China]]
* [[List of the largest trading partners of Australia]]
* [[List of the largest trading partners of Canada]]
*[https://www.seair.co.in/product-export-data.aspx List of products exported from India]

==References==
{{Reflist}}

{{Trade}}

{{DEFAULTSORT:Trading Partners Of India}}
[[Category:Economy of India lists|Trading partners]]
[[Category:Foreign trade of India]]
[[Category:Economy-related lists of superlatives]]
[[Category:Indian superlatives]]
[[Category:Lists of trading partners]]

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List of the largest trading partners of India