Exporter Rank

16 / 138

Importer Rank

10 / 138

Trade Balance Rank

136 / 138

Total Trade [1]

Total Exports (2021) $394,813,673,347
Total Imports (2021) $570,402,004,491
Trade Balance (2021) ($175,588,331,144)
Exports of goods and services (% of GDP) (2022) [2] 22.45%
Imports of goods and services (% of GDP) (2022) [2] 26.92%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
United States $71,510,497,449
United Arab Emirates $25,446,639,314
China $23,036,597,255
Bangladesh $14,092,748,087
Hong Kong $11,290,061,111
Singapore $10,650,086,591
United Kingdom $10,374,395,350
Netherlands $10,284,461,315
Germany $9,513,605,686
Nepal $9,189,858,659

Import Partners

Top 10 Import Countries

Country Import USD$
China $87,535,135,684
United Arab Emirates $43,070,344,928
United States $41,386,816,406
Switzerland $29,492,002,640
Saudi Arabia $27,689,346,106
Iraq $26,566,073,331
Hong Kong $18,201,550,896
Singapore $18,201,531,477
South Korea $17,076,153,076
Indonesia $16,724,827,701

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(27) Oil & Mineral Fuels $56,400,638,754
(71) Precious Stones & Metals $38,155,137,708
(84) Industrial Machinery $24,165,782,192
(72) Iron & Steel $21,199,484,527
(29) Organic Chemicals $21,184,105,253
(30) Pharmaceuticals $19,460,516,245
(87) Motor Vehicles & Parts $18,897,162,043
(85) Electrical Machinery $18,836,214,300
(10) Cereals $12,350,066,605
(52) Cotton $10,028,336,566

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $170,398,554,314
(71) Precious Stones & Metals $88,346,259,275
(85) Electrical Machinery $56,725,007,901
(84) Industrial Machinery $48,414,563,011
(29) Organic Chemicals $27,247,007,275
(39) Plastics $19,257,672,847
(15) Fats & Oils $17,458,998,198
(72) Iron & Steel $11,679,975,651
(90) Precision Instruments $11,319,863,328
(28) Inorganic Chemicals $9,639,014,341

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
India