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India's Foreign Trade and Partners
India is 5th Largest economy in the world in terms of GDP (current US$). It’s the 18th largest country by total exports and the 12th largest by total imports. The total Exports by India in 2021-22 are valued at $ 422,004 million and the imports by India are valued at $613,052 million.
India’s overall exports are projected to scale new heights, growing at 13.84 % during FY 2022-23 over FY 2021-22 to achieve $770.18 billion worth of exports.
| India’s Trade | 2021-22 ($US million) |
| Export | 422,004.39 |
| Import | 613,051.52 |
| Total Trade | 1,035,037.49 |
| Trade Balance | -191,047.14 |
source: Ministry of Commerce and Industries
The United States is India’s largest Trading Partner. In the year 2021-22 India exported goods and services worth $ 76.16 billion to the USA and Imports goods and services worth $43B. Total Trade with the USA is at $119.48 Billion.
It’s followed by China with Export of $US 21.25 B, Imports of $94.5 B, and Total Trade of $US 115.83 B. At Number 3 is UAE with Export of $US 28 B, Imports of $44.8 B, and Total Trade of $US 72.87 B.
Let’s have look at India’s Top Trading Partners
Top 25 Countries
| Rank | Country / Region | Export ($ US million) | Import ($ US million) | Total Trade ($ US million) | Trade Balance ($ US million) |
| 1 | U S A | 76,167.01 | 43,314.07 | 119,481.08 | 32,852.94 |
| 2 | China | 21,259.79 | 94,570.57 | 115,830.36 | -73,310.78 |
| 3 | U Arab Emts | 28,044.88 | 44,833.48 | 72,878.36 | -16,788.60 |
| 4 | Saudi Arab | 8,758.94 | 34,100.58 | 42,859.52 | -25,341.64 |
| 5 | Iraq | 2,403.27 | 31,927.05 | 34,330.33 | -29,523.78 |
| 6 | Singapore | 11,150.61 | 18,962.19 | 30,112.80 | -7,811.58 |
| 7 | Hong Kong | 10,984.80 | 19,096.61 | 30,081.41 | -8,111.81 |
| 8 | Indonesia | 8,471.51 | 17,702.83 | 26,174.34 | -9,231.31 |
| 9 | South Korea | 8,085.03 | 17,477.20 | 25,562.24 | -9,392.17 |
| 10 | Australia | 8,283.13 | 16,756.17 | 25,039.30 | -8,473.04 |
| 11 | Germany | 9,883.34 | 14,968.10 | 24,851.43 | -5,084.76 |
| 12 | Switzerland | 1,348.57 | 23,392.32 | 24,740.89 | -22,043.76 |
| 13 | Japan | 6,176.77 | 14,399.77 | 20,576.54 | -8,222.99 |
| 14 | Belgium | 10,084.37 | 9,951.65 | 20,036.02 | 132.72 |
| 15 | Malaysia | 6,995.04 | 12,424.20 | 19,419.24 | -5,429.16 |
| 16 | Bangladesh | 16,156.37 | 1,977.93 | 18,134.30 | 14,178.44 |
| 17 | U K | 10,461.29 | 7,017.78 | 17,479.07 | 3,443.51 |
| 18 | South Africa | 6,085.29 | 10,965.81 | 17,051.10 | -4,880.52 |
| 19 | Netherland | 12,543.69 | 4,478.10 | 17,021.79 | 8,065.59 |
| 20 | Thailand | 5,751.30 | 9,332.59 | 15,083.88 | -3,581.29 |
| 21 | Qatar | 1,837.75 | 13,193.70 | 15,031.45 | -11,355.95 |
| 22 | Nigeria | 4,663.17 | 10,291.58 | 14,954.75 | -5,628.40 |
| 23 | Vietnam | 6,702.67 | 7,438.52 | 14,141.19 | -735.85 |
| 24 | Italy | 8,180.76 | 5,048.47 | 13,229.22 | 3,132.29 |
| 25 | Russia | 3,254.68 | 9,869.99 | 13,124.68 | -6,615.31 |
Countries ( 26 - 100)
| Rank | Country / Region | Export ($US million) | Import ($US million) | Total Trade ($US million) | Trade Balance ($US million) |
| 26 | France | 6,640.91 | 5,782.10 | 12,423.01 | 858.81 |
| 27 | Kuwait | 1,241.93 | 11,001.76 | 12,243.68 | -9,759.83 |
| 28 | Brazil | 6,488.97 | 5,713.28 | 12,202.25 | 775.69 |
| 29 | Nepal | 9,645.74 | 1,371.04 | 11,016.79 | 8,274.70 |
| 30 | Turkey | 8,716.13 | 1,996.75 | 10,712.88 | 6,719.39 |
| 31 | Oman | 3,148.33 | 6,840.65 | 9,988.98 | -3,692.32 |
| 32 | Taiwan | 2,756.63 | 6,234.48 | 8,991.12 | -3,477.85 |
| 33 | Mexico | 4,425.21 | 4,248.04 | 8,673.26 | 177.17 |
| 34 | Israel | 4,796.13 | 3,073.79 | 7,869.92 | 1,722.34 |
| 35 | Egypt | 3,743.92 | 3,520.83 | 7,264.75 | 223.09 |
| 36 | Canada | 3,763.98 | 3,132.78 | 6,896.76 | 631.21 |
| 37 | Sri Lanka Dsr | 5,802.18 | 1,009.97 | 6,812.16 | 4,792.21 |
| 38 | Spain | 4,725.45 | 2,052.99 | 6,778.44 | 2,672.45 |
| 39 | Argentina | 1,425.94 | 4,201.74 | 5,627.68 | -2,775.80 |
| 40 | Tanzania Rep | 2,300.88 | 2,279.18 | 4,580.06 | 21.7 |
| 41 | Colombia | 1,376.68 | 2,964.29 | 4,340.98 | -1,587.61 |
| 42 | Guinea | 561.53 | 3,616.56 | 4,178.08 | -3,055.03 |
| 43 | Mozambique | 1,975.76 | 1,879.49 | 3,855.25 | 96.27 |
| 44 | Poland | 2,723.94 | 1,124.79 | 3,848.72 | 1,599.15 |
| 45 | Peru | 897.55 | 2,707.38 | 3,604.93 | -1,809.83 |
| 46 | Togo | 3,012.08 | 376.85 | 3,388.93 | 2,635.23 |
| 47 | Ukraine | 472.68 | 2,913.61 | 3,386.29 | -2,440.92 |
| 48 | Morocco | 962.28 | 2,244.19 | 3,206.47 | -1,281.91 |
| 49 | Angola | 452.45 | 2,725.08 | 3,177.53 | -2,272.63 |
| 50 | Philippines | 2,107.24 | 729.12 | 2,836.35 | 1,378.12 |
| 51 | Kenya | 2,631.89 | 145.35 | 2,777.24 | 2,486.54 |
| 52 | Jordan | 889.27 | 1,827.19 | 2,716.46 | -937.92 |
| 53 | Ghana | 1,109.46 | 1,497.77 | 2,607.24 | -388.31 |
| 54 | Chile | 1,181.92 | 1,371.16 | 2,553.08 | -189.24 |
| 55 | Sweden | 1,035.97 | 1,450.13 | 2,486.11 | -414.16 |
| 56 | Norway | 379.72 | 2,092.36 | 2,472.08 | -1,712.64 |
| 57 | Bolivia | 117.95 | 2,072.54 | 2,190.49 | -1,954.58 |
| 58 | Iran | 1,451.09 | 463.38 | 1,914.47 | 987.7 |
| 59 | Myanmar | 893.03 | 1,001.87 | 1,894.90 | -108.84 |
| 60 | Denmark | 944.15 | 888.73 | 1,832.88 | 55.41 |
| 61 | Ireland | 687.95 | 1,135.81 | 1,823.76 | -447.85 |
| 62 | Algeria | 703.25 | 1,004.24 | 1,707.49 | -300.98 |
| 63 | Baharain Is | 899.9 | 753.29 | 1,653.19 | 146.61 |
| 64 | Senegal | 953.59 | 696.16 | 1,649.75 | 257.42 |
| 65 | Congo P Rep | 161.02 | 1,309.73 | 1,470.76 | -1,148.71 |
| 66 | Bhutan | 885.81 | 545.04 | 1,430.84 | 340.77 |
| 67 | Austria | 564.32 | 825.13 | 1,389.45 | -260.81 |
| 68 | Greece | 1,077.45 | 299.94 | 1,377.39 | 777.5 |
| 69 | Portugal | 1,191.80 | 164.54 | 1,356.34 | 1,027.27 |
| 70 | Unspecified | 1,299.63 | 45.85 | 1,345.48 | 1,253.78 |
| 71 | Ecuador | 304.86 | 1,012.40 | 1,317.26 | -707.53 |
| 72 | Finland | 344.35 | 876.28 | 1,220.63 | -531.92 |
| 73 | Czech Republic | 628.23 | 592.1 | 1,220.33 | 36.13 |
| 74 | Cameroon | 403.06 | 806.42 | 1,209.49 | -403.36 |
| 75 | Sudan | 1,077.25 | 129.15 | 1,206.40 | 948.1 |
| 76 | Cote D’ Ivoire | 728.62 | 468.78 | 1,197.40 | 259.84 |
| 77 | Gabon | 53 | 1,070.49 | 1,123.49 | -1,017.50 |
| 78 | Benin | 716.41 | 402.12 | 1,118.53 | 314.29 |
| 79 | Yemen Republc | 846.57 | 227.81 | 1,074.38 | 618.76 |
| 80 | Afghanistan | 554.47 | 510.93 | 1,065.40 | 43.54 |
| 81 | Dominic Rep | 310.08 | 648.77 | 958.85 | -338.69 |
| 82 | Equtl Guinea | 12.44 | 885.56 | 898 | -873.13 |
| 83 | New Zealand | 487.6 | 374.84 | 862.44 | 112.76 |
| 84 | Romania | 592.74 | 263.1 | 855.84 | 329.65 |
| 85 | Hungary | 550.85 | 293.67 | 844.53 | 257.18 |
| 86 | Uganda | 697.78 | 142.33 | 840.11 | 555.45 |
| 87 | Botswana | 278.87 | 527.96 | 806.83 | -249.09 |
| 88 | Slovenia | 494.39 | 303.24 | 797.63 | 191.15 |
| 89 | Mauritius | 714.85 | 71.87 | 786.72 | 642.98 |
| 90 | Somalia | 744.58 | 18.06 | 762.64 | 726.52 |
| 91 | Djibouti | 713.33 | 41.68 | 755.01 | 671.66 |
| 92 | Ethiopia | 681.28 | 62.44 | 743.72 | 618.84 |
| 93 | Maldives | 670.4 | 68.93 | 739.33 | 601.47 |
| 94 | Tunisia | 406.82 | 297.83 | 704.65 | 108.99 |
| 95 | Panama Republic | 347.75 | 292.4 | 640.15 | 55.35 |
| 96 | Burkina Faso | 196.64 | 425.44 | 622.09 | -228.8 |
| 97 | Congo D. Rep. | 568.17 | 31.21 | 599.38 | 536.97 |
| 98 | Libya | 239.6 | 358.2 | 597.8 | -118.6 |
| 99 | Guatemala | 552.13 | 21.08 | 573.21 | 531.05 |
| 100 | Kazakhstan | 235.12 | 325.77 | 560.89 | -90.66 |
India Foreign Trade 2024 | India Largest Trading Partners