List Of The Largest Trading Partners Of India
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According to the
Ministry of Commerce and Industry A Ministry of Trade and Industry, Ministry of Commerce, Ministry of Commerce and Industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and M ...
, the fifteen largest trading partners of India represent 59.37% of total trade by India in the financial year 2019-2020. These figures include trade in goods and commodities, but do not include services or
foreign direct investment A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ...
. 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 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
trade deficit The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance ...
(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.https://www.wto.org/english/res_e/booksp_e/trade_profiles17_e.pdf 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 According to the
Ministry of Commerce and Industry A Ministry of Trade and Industry, Ministry of Commerce, Ministry of Commerce and Industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and M ...
, the fifteen largest trading partners of India represent 59.37% of total trade by India in the financial year 2015–2016. These figures include trade in goods and commodities, but do not include services or
foreign direct investment A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ...
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Largest trading partners with India

(Financial Year 2021–22) in US Billion dollars India exported about $422 billion merchandise in the financial year 2021-2022 and about $250 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 2021–22 were as follows:


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.


Export partners

India exports approximately 7500 commodities to about 192 countries. The following table shows India's 10 largest destinations for exports in 2019–2020.


Import partners

India imports around 6000 commodities from 140 countries. The following table shows India's 10 largest sources of imports in 2019–2020.


See also

; India related *
Foreign trade of India Foreign trade in India includes all imports and exports to and from India. At the level of Central Government it is administered by the Ministry of Commerce and Industry. Foreign trade accounted for 48.8% of India's GDP in 2018. History Even ...
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Economy of India The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable state participation in strategic sectors. * * * * It is the world's fifth-largest economy by nomin ...
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Foreign-exchange reserves of India India has large foreign-exchange reserves; holdings of cash, bank deposits, bonds, and other financial assets denominated in currencies other than India's national currency, the Indian rupee. The reserves are managed by the Reserve Bank of In ...
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Remittances to India Remittances to India are money transfers (called remittance) from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in India. India is the world's top receiver of remittances, claiming more than ...
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Business process outsourcing to India Business process outsourcing to India refers to the business process outsourcing services in the outsourcing industry in India, catering mainly to Western operations of multinational corporations (MNCs). As of 2012, around 2.8 million people w ...
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List of exports of India For information on exports, see Export. For Harmonized Codes, see Harmonized System. The following is a list of export product categories that were exported the most and fetched foreign currency for India. The list includes the HS Codes and the ...
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Indian diaspora Overseas Indians (IAST: ), officially Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) are Indians who live outside of the Republic of India. According to the Government of India, ''Non-Resident Indians'' are citizens of Indi ...
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Indianisation Indianisation also known as Indianization, may refer to the spread of Indian languages, culture, diaspora, cuisines, economic reach and impact since India is one of the greatest influencers since ancient times and the current century has been ...
; Lists *
List of countries by leading trade partners For most economies in the world, their leading export and import trading partner in terms of value is either the European Union or China, and to a certain degree, the United States and Russia. Other countries like Brazil, India, South Africa, Sou ...
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List of the largest trading partners of the United States The 30 largest trade partners of the United States represent 87.9% of U.S. exports, and 87.4% of U.S. imports . These figures do not include services or foreign direct investment. The largest US partners with their total trade in goods (sum of im ...
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List of the largest trading partners of the European Union According to the European Commission Directorate-General for Trade. The 10 largest trading partners of the European Union with their total trade (sum of imports and exports) in millions of euro for calendar year 2021 are as follows. In the table, ...
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List of the largest trading partners of China This is a list of the largest trading partners of the People's Republic of China. Background China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with bo ...
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List of the largest trading partners of Australia This is a list of the largest trading partners of Australia. According to data obtained in the 2018 calendar year, China was the largest partner followed by Japan and the European Union. The largest trading partners The 10 largest trading partner ...
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List of the largest trading partners of Canada This is a list of the largest trading partners of Canada. Canada is considered to be a trading nation Historically, the issue of Canada's largest trade partners, and dependence on particular markets, has been a major political issue. At the tim ...


References

{{DEFAULTSORT:Trading Partners Of India Trading partners Foreign trade of India Economy-related lists of superlatives Indian superlatives Lists of trading partners