List of the largest trading partners of India
Encyclopedia
According to Department of Commerce
, the fifteen largest trading partners of India represent 62.1% of Indian imports, and 58.1% of Indian exports as of December 2010. These figures do not include services or foreign direct investment, but only trade in goods.
The largest Indian partners with their total trade (sum of imports and exports) in millions of US Dollars for fiscal year 2010-2011 are as follows:
This list does not include the Gulf Cooperation Council (GCC), which includes two (UAE and Saudi Arabia) of the above states in a single economic entity. As a single economy the Gulf Cooperation Council (GCC) is the largest trading partner of India with almost $100 billion in total trade.
As a single economy, the EU is the second largest trading partner of India with €27.5 billion worth of EU goods going to India and €25.4 billion of Indian goods going to the EU , totaling approximately €52.9 billion in total trade. It includes three (Germany, United Kingdom, and Belgium) of the above states in a single economic entity.
Ministry of Commerce and Industry (India)
The Ministry of Commerce and Industry administers two departments, the Department of Commerce and the Department of Industrial Policy & Promotion. The head of the Ministry is a Minister of Cabinet rank...
, the fifteen largest trading partners of India represent 62.1% of Indian imports, and 58.1% of Indian exports as of December 2010. These figures do not include services or foreign direct investment, but only trade in goods.
The largest Indian partners with their total trade (sum of imports and exports) in millions of US Dollars for fiscal year 2010-2011 are as follows:
Country | Exports | Imports | Total Trade |
---|---|---|---|
United Arab Emirates | 34,349.10 | 32,753.16 | 67,102.26 |
People's Republic of China | 19,615.85 | 43,479.76 | 63,095.61 |
United States | 25,548.40 | 20,050.72 | 45,599.12 |
Saudi Arabia | 5,227.19 | 20,385.28 | 25,612.46 |
Switzerland | 677.56 | 24,802.00 | 25,479.55 |
Hong Kong | 10,329.65 | 9,415.40 | 19,745.06 |
Germany | 6,758.84 | 11,891.37 | 18,650.20 |
Singapore | 10,302.71 | 7,139.31 | 17,442.02 |
Indonesia | 6,245.33 | 9,918.63 | 16,163.96 |
Belgium | 6,296.21 | 8,609.82 | 14,906.02 |
South Korea | 4,140.37 | 10,475.29 | 14,615.66 |
Japan | 5,191.23 | 8,632.03 | 13,823.26 |
Iran | 2,742.46 | 10,928.21 | 13,670.67 |
Nigeria | 2,259.09 | 10,787.72 | 13,046.81 |
United Kingdom | 7,140.52 | 5,396.78 | 12,537.30 |
This list does not include the Gulf Cooperation Council (GCC), which includes two (UAE and Saudi Arabia) of the above states in a single economic entity. As a single economy the Gulf Cooperation Council (GCC) is the largest trading partner of India with almost $100 billion in total trade.
As a single economy, the EU is the second largest trading partner of India with €27.5 billion worth of EU goods going to India and €25.4 billion of Indian goods going to the EU , totaling approximately €52.9 billion in total trade. It includes three (Germany, United Kingdom, and Belgium) of the above states in a single economic entity.
See also
- Economy of IndiaEconomy of IndiaThe Economy of India is the ninth largest in the world by nominal GDP and the fourth largest by purchasing power parity . The country is a part of the G-20 major economies and the BRICS, in addition to being partners of the ASEAN. India has a per capita GDP of $3,608 as per 2010 figures, making it...
- List of the largest trading partners of the United States
- List of the largest trading partners of the People's Republic of China