List of largest trading partners of India

According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 61.67% of total trade by India in the financial year 2022–23. 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 2024–2025, gold and its finished items (HS code 71) were the second largest traded items with 558.465 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$70 billion in the year 2017–18.

Counting the European Union as one, the WTO ranks India fifth for commercial services exports and sixth for commercial services imports.

The two main destinations of exported Indian merchandises is the EU market and the US, when the two main markets of origin are China and the EU. These figures include trade in goods and commodities, but do not include services or foreign direct investment.

Largest trading partners with India

(Financial Year 2022–23) in $

Exports	Imports	Total Trade	Trade Balance
$450.06 billion	$714.13 billion	$1164.19 billion	-$267.07 billion

India exported about $450 billion merchandise in the financial year 2022-2023 and about $323 billion of services exports in the same financial year. India's largest trade partners with their total trade (sum of imports and exports) in billions of US dollars for the financial year 2022–23 were as follows:

Rank	Country	Exports	Imports	Total Trade	Trade Balance
-	Template:Flag	44.07	88.96	133.03	-44.89
-	Template:Flag	73.67	57.83	131.50	15.84
1	Template:Flagcountry	71.39	46.82	118.21	24.57
2	Template:Flagcountry	13.60	90.72	104.32	-77.12
3	Template:Flagcountry	28.76	48.88	77.64	-20.12
4	Template:Flagcountry	9.69	38.62	48.32	-28.93
5	Template:Flagcountry	2.80	41.56	44.37	-38.75
6	Template:Flagcountry	9.06	26.89	35.95	-17.83
7	Template:Flagcountry	2.33	31.52	33.86	-29.18
8	Template:Flagcountry	11.00	21.70	32.70	-10.70
9	Template:Flagcountry	9.36	16.31	25.68	-6.95
10	Template:Flagcountry	6.10	19.26	25.35	-13.16
11	Template:Flagcountry	18.53	5.52	24.04	13.01
12	Template:Flagcountry	6.49	17.50	23.97	-11.00
13	Template:Flagcountry	9.21	14.61	23.82	-5.40
14	Template:Flagcountry	4.99	14.78	19.77	-9.79
15	Template:Flagcountry	10.27	8.43	18.70	1.84
16	Template:Flagcountry	6.63	11.68	18.31	-5.05
17	Template:Flagcountry	7.86	9.86	17.72	-2.00
18	Template:Flagcountry	1.82	15.50	17.31	-13.68
19	Template:Flagcountry	8.16	8.36	16.53	-0.20
20	Template:Flagcountry	9.19	6.28	15.46	2.92
21	Template:Flagcountry	1.23	14.22	15.45	-12.98
22	Template:Flagcountry	5.22	10.10	15.31	-4.88
23	Template:Flagcountry	5.30	8.07	13.37	-2.77
24	Template:Flagcountry	7.81	5.07	12.88	2.75
25	Template:Flagcountry	1.42	11.40	12.82	-9.98
-	Remaining Countries	140.82	112.51	253.32	28.31
India's Total		409.06	656.13	1065.18	-247.07

Countries to 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.

Exports from these countries to India Region Percentage Template:Flagcountry 95.3% Template:Flagcountry 67.1% Template:Flagcountry 56.5% Template:Flagcountry 53.1% Template:Flagcountry 30.6% Template:Flagcountry 28.1% Template:Flagcountry 23.8% Template:Flagcountry 21.8% Template:Flagcountry 21.2% Template:Flagcountry 10.1%	Imports by these countries from India Region Percentage Template:Flagcountry 89.5% Template:Flagcountry 70.2% Template:Flagcountry 22.0% Template:Flagcountry 18.5% Template:Flagcountry 17.9% Template:Flagcountry 16.5%

Export partners

India exports approximately 7500 commodities to about 192 countries. The following table shows India's 10 largest destinations for exports in 2022–23.

Rank	Country	Value (US$ billion)	Share of overall exports
1	Template:Flagcountry	71.39	17.45%
2	Template:Flagcountry	28.76	7.03%
3	Template:Flagcountry	18.53	4.53%
4	Template:Flagcountry	13.60	3.33%
5	Template:Flagcountry	11.00	2.69%
6	Template:Flagcountry	10.27	2.51%
7	Template:Flagcountry	9.69	2.37%
8	Template:Flagcountry	9.36	2.29%
9	Template:Flagcountry	9.21	2.25%
10	Template:Flagcountry	9.19	2.25%

Import partners

India imports around 6000 commodities from 140 countries. The following table shows India's 10 largest sources of imports in 2022–23.

Rank	Country	Value (US$ billion)	Share of overall imports
1	Template:Flagcountry	90.72	13.83%
2	Template:Flagcountry	48.88	7.45%
3	Template:Flagcountry	46.82	7.14%
4	Template:Flagcountry	41.56	6.33%
5	Template:Flagcountry	38.62	5.89%
6	Template:Flagcountry	31.52	4.84%
7	Template:Flagcountry	26.89	4.10%
8	Template:Flagcountry	21.70	3.31%
9	Template:Flagcountry	19.26	2.94%
10	Template:Flagcountry	17.50	2.67%

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 ASEAN
• 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