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List of largest trading partners of India: Difference between revisions

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According to the [[Ministry of Commerce and Industry (India)|Ministry of Commerce and Industry]], the fifteen '''largest trading partners of India''' represent 61.67% of total trade by India in the financial year 2022–23.<ref name=":0" /> These figures include trade in goods and commodities, but do not include services or [[foreign direct investment]].
According to the [[Ministry of Commerce and Industry (India)|Ministry of Commerce and Industry]], the fifteen '''largest trading partners of India''' represent 61.67% of total trade by India in the financial year 2022–23.<ref name=":0" /> 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 (refined / unrefined) and gold (finished gold ware / gold metal). In the year 2013–14, mineral fuels (HS code 27) 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 Control Act|gold and its finished items]] (HS code 71) were the second largest traded items with 558.465 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 [[Balance of trade|trade deficit]] (136 billion US$) of India in the financial year 2013–14.<ref name="June2013">{{cite web|title=Total Trade :: 25 Top countries|url=http://commerce.nic.in/eidb/iecnttopnq.asp|website=commerce.nic.in|access-date=20 December 2015|archive-url=https://web.archive.org/web/20181022073616/http://commerce.nic.in/eidb/iecnttopnq.asp|archive-date=22 October 2018|url-status=dead}}</ref> The services trade (exports and imports) are not part of commodities trade. The trade surplus in services  trade is US$70 billion in the year 2017–18.<ref>{{cite web|title= Statistics - Services Export Promotion Council |url=http://www.servicesepc.org/statistics/|publisher=Department of Commerce|access-date=20 December 2015}}</ref>
The two largest goods traded by India are mineral fuels (refined / unrefined) and gold (finished gold ware / gold metal). In the year 2013–14, mineral fuels (HS code 27) were the largest traded item with 181.383 billion US$ worth imports and 64.685 billion US$ worth re-exports after refining. In the year 2024–2025, [[Gold Control Act|gold and its finished items]] (HS code 71) were the second largest traded items with 558.465 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 [[Balance of trade|trade deficit]] (136 billion US$) of India in the financial year 2013–14.<ref name="June2013">{{cite web|title=Total Trade :: 25 Top countries|url=http://commerce.nic.in/eidb/iecnttopnq.asp|website=commerce.nic.in|access-date=20 December 2015|archive-url=https://web.archive.org/web/20181022073616/http://commerce.nic.in/eidb/iecnttopnq.asp|archive-date=22 October 2018|url-status=dead}}</ref> The services trade (exports and imports) are not part of commodities trade. The trade surplus in services  trade is US$70 billion in the year 2017–18.<ref>{{cite web|title= Statistics - Services Export Promotion Council |url=http://www.servicesepc.org/statistics/|publisher=Department of Commerce|access-date=20 December 2015}}</ref>


Counting the European Union as one, the WTO ranks India fifth for commercial services exports and sixth for commercial services imports.<ref name="wto.org">{{Cite web |title=Trade Profiles 2017 |url=https://www.wto.org/english/res_e/booksp_e/trade_profiles17_e.pdf |url-status=live |access-date=26 February 2023 |website=World Trade Organization |pages=170-171}}</ref>
Counting the European Union as one, the WTO ranks India fifth for commercial services exports and sixth for commercial services imports.<ref name="wto.org">{{Cite web |title=Trade Profiles 2017 |url=https://www.wto.org/english/res_e/booksp_e/trade_profiles17_e.pdf |access-date=26 February 2023 |website=World Trade Organization |pages=170–171}}</ref>


The two main destinations of exported Indian merchandises is the EU market and the US, when the two main markets of origin are China and the EU.<ref name=":0">{{Cite web |title=Export Import Data Bank |url=https://tradestat.commerce.gov.in/eidb/ecomq.asp |access-date=13 May 2023 |website=Ministry of Commerce and Industry}}</ref>
The two main destinations of exported Indian merchandises is the EU market and the US, when the two main markets of origin are China and the EU.<ref name=":0">{{Cite web |title=Export Import Data Bank |url=https://tradestat.commerce.gov.in/eidb/ecomq.asp |access-date=13 May 2023 |website=Ministry of Commerce and Industry}}</ref>
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|-
! Rank !! Country !! Exports !! Imports !! Total Trade !! Trade Balance
! Rank !! Country !! Exports !! Imports !! Total Trade !! Trade Balance
|-
| -
|{{flag|ASEAN}}
|44.07
|88.96
|133.03
|style="color:red;" |-44.89
|-
|-
| -
|{{flag|European Union}}
|73.67
|57.83
|131.50
|style="color:green;" |15.84
|-
|-
|1
|1
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