Who are the Largest Trading Partners of India?

India is Asia’s biggest market and the country is located in
South Asia. In import export business, India is one of the emerging markets in
the world. India is the 20^th largest exporter country and 14^th
largest importer country in the world. As of 2016, India had a negative trade
balance of USD 96 billion in net imports and it recorded USD 104 billion in
2017 till September. If we compared to its trade balance in the year 1995 when
India had a positive trade balance in net exports. However, India has the 6^th
largest economy by nominal GDP in the world and 3^rd largest by
purchasing power parity.

India global trade amounted to USD 545 billion during
Jan-Sept 2017 and it was USD 617 billion in the year 2016. The rising imports
of India from other countries for last decade results in a negative output of
trade balance. China, United States and United Arab Emirates are three largest
trading partners of India. Check the below graph to know India’s top 3 trading
partners with their trade figures recorded during Q1-Q3 2017.

*Above stats are based on Q1-Q3 2017 report

10 Largest Export
Partners of India

India is exporting its products to more than 200 countries
of the world. United States, UAE, Hong Kong, Singapore, China and United
Kingdom are the largest export partners of India. India exports of goods to the
world worth USD 220.66 billion in Q1-Q3 2017 while it recorded USD 260.32 billion
in the year 2016.

Download India Export Data Sample

The USA is India’s largest trading partner. It has
maintained its export sales for five years in the USA market. India exports to the
United States stood at USD 34370 million in 2017 and it was USD 41992 million
in the year. Diamonds, medicaments, jewellery articles, petroleum oil and
crustaceans are India’s top exports to USA.

India goods exports to UAE stood at USD 23346 million during
Q1-Q3 2017 while it was USD 30041 million in the year 2016. Jewellery articles,
gold, petroleum oil and diamond are the top commodities exported to the United
Arab Emirates. It has seen a decline in India’s goods exports to this country
since 2012. Refer the below table to know India’s top export partners with
their values recorded during Jan-Sept 2017.

*Above stats are based on Q1-Q3 2017 report

10 Largest Import
Partners of India

India is importing from more than 170 countries of the
world. China, USA, Saudi Arabia, UAE, Switzerland, Korea and Indonesia are the
biggest markets from where India is importing various commodities. India
imports of goods from the global market stood at USD 324.81 billion in 2017
while it recorded USD 356.70 billion in the year 2016. The imports of India
have been declined by 8% of value since the year 2012.

Download India Import Data Sample

China is India’s top import partner and shipped USD 53129
million value of goods to India during Q1-Q3 2017 and it was USD 60483 million
in the year 2016. Telephone sets, semiconductor devices, automatic data
processing machines, light vessels and chemical fertilizers are most imported
products from China that India imports.

According to India
Import Data, United States is India’s 2^nd largest import partner
which recorded 5.7% share in India’s total imports. India imports from USA
stood at USD 16877 million during Q1-Q3 2017 and USD 20395 million in 2016. India
is mainly importing following products from the United States such as parts of
aircraft, gold, taps, valves, turbojets and petcoke. Let’s check the table
below to know top 10 importer partners of India and their values recorded
during Jan-Sept 2017.

*Above stats are based on Q1-Q3 2017 report

India is one of the fastest growing markets in the world. Are
you seeking for the right business partner of your product in India? The market
research company like Export Genius provides trade data of any particular
country. The trade data includes shipment details like importer exporter name, loading
& unloading port, origin & destination country, value, quantity etc. Subscribe
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