Has the largest share in India foreign trade?

India’s top trade partners Exports to USA continued to dominate with a share of over 17 percent of India’s total exports. This was followed by China and the UAE, swapping positions, as exports to the UAE dropped significantly in 2020-21.

What is the rank of India in world trade?

National Traders Welfare Board Established. India ranks 63rd among 190 countries improving by 14 ranks from its rank of 77 in 2019.

What percentage does India contribute in the total volume of world trade?

Although India’s contribution in the world trade is as low as one per cent of the total volume, yet it plays a significant role in the world economy.

What is the trend in share of Indian export in world trade?

During the last 25 years Indian exports have increased by 17 times and imports by 19 times. India’s share in global merchandise exports has risen from 0.6 percent in early 1990s to 1.7 percent in 2016, and similarly the share of imports has risen from 0.6 percent to 2.4 percent during the same period.

Who is India’s biggest trading partner?

On that basis, China remains India’s largest trading partner.” He added that the “disparity in trade figures published by China and India is a result of different statistical measurement scales”. The figure he quoted — $125.66 billion — is based on the calendar year 2021, not the financial year.

What is India’s largest export?

Engineering goods – including iron and steel products, industrial machinery, and automobiles – are India’s top export this fiscal. They account for 25 percent of the country’s total merchandise exports.

Who is India biggest trading partner?

The US
The US surpassed China to become India’s top trading partner in 2021-22, reflecting strengthening economic ties between the two countries. According to the data of the commerce ministry, in 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21.

Who are India’s top 5 trading partners?

India’s Top 25 Trading Partners

• United States: US$71.5 billion (18.1% of India’s total exports)
• United Arab Emirates: $25.4 billion (6.4%)
• China: $23 billion (5.8%)
• Bangladesh: $14.1 billion (3.6%)
• Hong Kong: $11.3 billion (2.9%)
• Singapore: $10.65 billion (2.7%)
• United Kingdom: $10.37 billion (2.6%)

How much trade does India do?

India is currently our 9th largest goods trading partner with $92.0 billion in total (two way) goods trade during 2019. Goods exports totaled $34.3 billion; goods imports totaled $57.7 billion.

Which country is the biggest trade in the world?

China export market By 2020, China accounted for about 14.7 percent of global merchandise exports and about 5.7 percent of global service exports. The leading export products of China were machinery and trasport equipment, with an export value of about 1.2 trillion U.S. dollars.

What is India’s total export?

Overall Exports and Imports for India 2019 The total value of exports (FOB) is US$ 323,251 million. The total value of imports (CIF) is US$ 478,884 million. At the HS6 digit level, 4,442 products are exported to 226 countries and 4,356 products are imported from 210 countries.

What are the top 3 imports of India?

India main imports are: mineral fuels, oils and waxes and bituminous substances (27 percent of total imports); pearls, precious and semi-precious stones and jewelry (14 percent); electrical machinery and equipment (10 percent); nuclear reactors, boilers, machinery and mechanical appliances (8 percent); and organic …

What is India biggest export?

Exports The top exports of India are Refined Petroleum ($25.3B), Packaged Medicaments ($17.8B), Diamonds ($16B), Rice ($8.21B), and Jewellery ($7.57B), exporting mostly to United States ($49.7B), China ($18.5B), United Arab Emirates ($18.1B), Hong Kong ($9.18B), and Germany ($8.8B).

What is India’s largest import?

What is India’s biggest import?

Imports The top imports of India are Crude Petroleum ($59B), Gold ($21.9B), Coal Briquettes ($20.9B), Diamonds ($15.8B), and Petroleum Gas ($13.8B), importing mostly from China ($64.2B), United States ($26.6B), United Arab Emirates ($22.1B), Saudi Arabia ($16.8B), and Iraq ($14.4B).

Who is China’s largest trading partner?

China’s Top Trading Partners

• United States: US$521 billion (17.2% of China’s total exports)
• Hong Kong: $313.1 billion (10.3%)
• Japan: $151.3 billion (5%)
• South Korea: $135.1 billion (4.5%)
• Vietnam: $125.8 billion (4.2%)
• Germany: $103 billion (3.4%)
• Netherlands: $91.6 billion (3%)
• India: $87.9 billion (2.9%)

Who is India’s largest exporter?

United States
Export partners

Rank	Country	Share of overall exports
1	United States	16.94%
2	United Arab Emirates	9.20%
3	China	5.47%
4	Hong Kong	3.53%

Who is the biggest importer of India?

The largest share of India’s imports came from China, accounting for over 16 percent in fiscal year 2021. United States followed at close to seven percent.

Who is India’s largest trading partner?

The US surpassed China to become India’s top trading partner in 2021-22, reflecting strengthening economic ties between the two countries. The US surpassed China to become India’s top trading partner in 2021-22, reflecting strengthening economic ties between the two countries.

What is India’s trade balance?

Balance of Trade in India averaged -3.08 USD Billion from 1957 until 2022, reaching an all time high of 0.79 USD Billion in June of 2020 and a record low of -24.29 USD Billion in May of 2022.