List of the largest trading partners of India


According to the 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. 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 and gold. In the year 2013-14, mineral fuels 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 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 of India in the financial year 2013-14. The services trade 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 USA, when the two main markets of origin are China and the EU
According to the 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. 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 in billions of US dollars for the financial year 2017–18 were as follows:

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.

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.
RankCountryValue Share of overall exports
1United States52.416.94%
2United Arab Emirates24.39.20%
3China14.45.47%
4Hong Kong9.33.53%
5Singapore7.62.90%
6United Kingdom7.42.80%
7Netherlands7.12.69%
8Germany7.02.65%
9Bangladesh6.72.54%
10Nepal6.02.28%

Import partners

India imports around 6000 commodities from 140 countries. The following table shows India's 10 largest sources of imports in 2019-2020.
RankCountryValue Share of overall imports
1China57.914.37%
2United States of America30.57.57%
3United Arab Emirates25.86.39%
4Saudi Arabia23.05.70%
5Iraq19.84.91%
6Switzerland14.83.67%
7Hong Kong14.63.63%
8South Korea13.23.28%
9Indonesia12.83.17%
10Singapore12.23.02%