Top Trading Partners of India with Imports and Exports

 

India is a large economy, in 2019 GDP was USD 2.59 trillion. It is poised to become the 5th largest economy in the world. India was a protected economy imports were regulated with high import duty. India's economy opened up in 1991 and foreign investment increased dramatically. Import and export of goods increased. International trade is 40.02% of the economy. According to trade data, the main trading partners of India are:-

1.    United States:- The United States is the Top Trading Partner Of India. The total bilateral trade     between the two countries was USD 88.79 billion. The country was India’s top export trading   partners of India. The US exported goods worth USD 57.7 billion. The top exported goods were   precious metal and stones, pharmaceuticals, machinery, mineral fuels, and organic chemicals. India   imports goods worth USD 34.3 billion. The top imports to India were mineral oil, precious metals,     aircraft, machinery, and organic chemicals. 

  1. China:- China is the second most important Trading Partners of India. The bilateral trade between China and India was USD 78 billion from January to November 2020. China is imported goods worth USD 19 billion. In the same period India recorded trade deficit with China of USD 40 billion. The top imported commodities from China are electronics, organic chemicals, nuclear machinery, parts of the computers, and vehicle components. India’s main exports to China are iron ore, plastics, rubber, and inorganic chemicals. 
  2. United Arab Emirates – The UAE is one of the main trading partners of India. The trade between India and the UAW is over USD 60 billion. The UAE is an important export destination for India. The top exports from India are petroleum products, nuts, and edible products, electronic products, clothing, and textiles. The main imports from UAE are crude oil, petroleum and petroleum products, precious metals and stones, and chemicals. 
  3. Saudi Arabia – The bilateral trade between Saudi Arabia and India is USD 33.09 billion. It is one of India’s significant Trading Partners of India. The major exports from India are rice, meat, electrical machinery, vehicles, and mineral oil. India imports 18% of its crude oil from Saudi Arabia. The other major imports are LPG, fertilizer, chemicals, and plastics.
  4. Switzerland – The total trade between India and Switzerland is USD 18.11 billion. The main exports from Switzerland to India are textiles, organic chemicals, pearls, precious stones and jewelry, and dyes. Imports from Switzerland are 4.9% of total India imports. The main imports are gold, silver, wristwatches, and machinery and equipment. 



Seair Exim Solutions provides customs shipment details of products imported by India with contact details of traders. . We also provide Export Import Data India, custom duty of India, HS code list, and global trade information of more than 80 countries in the globe.  

 

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