India (IND)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
India - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | China (CHN) | 3.4% $14.90B | 18.2% $126.96B | 12.5% $141.86B |
| 2 | USA (USA) | 18.3% $79.44B | 5.6% $38.99B | 10.5% $118.43B |
| 3 | United Arab Emirates (ARE) | 8.5% $37.10B | 8.0% $55.73B | 8.2% $92.84B |
| 4 | Russian Federation (RUS) | 0.0% $0 | 9.6% $67.15B | 5.9% $67.15B |
| 5 | Saudi Arabia (SAU) | 2.8% $12.10B | 4.4% $30.64B | 3.8% $42.73B |
| 6 | Indonesia (IDN) | 1.3% $5.43B | 3.5% $24.55B | 2.6% $29.98B |
| 7 | Iraq (IRQ) | 0.0% $0 | 4.3% $29.85B | 2.6% $29.85B |
| 8 | Germany (DEU) | 2.4% $10.23B | 2.6% $17.96B | 2.5% $28.19B |
| 9 | Rep. of Korea (KOR) | 1.4% $5.88B | 3.1% $21.52B | 2.4% $27.40B |
| 10 | Japan (JPN) | 1.3% $5.73B | 2.9% $19.90B | 2.3% $25.64B |
- India's total trade in 2024 reached $1.13T, ranking 12th worldwide.
- Total exports were $434.4B (rank 15) and imports were $697.7B (rank 8).
- The country's trade balance was a deficit of -$263.3B.
- Top export partners included the United States ($79.4B), United Arab Emirates ($37.1B), and Netherlands ($24.2B).
- Key import partners were China ($127.0B), Russian Federation ($67.2B), and United Arab Emirates ($55.7B).
- Mineral Fuels (HS2 27) were the top export category at $74.3B and the top import category at $217.9B.
India's Trade Performance in 2024
In 2024, India was the world's 12th largest trading nation with a total trade volume of $1.13T. Exports amounted to $434.4B, while imports stood at $697.7B, leading to a trade deficit of -$263.3B. The United States was the primary destination for Indian exports, receiving goods worth $79.4B, accounting for 18.3% of the total. Other major export partners were the United Arab Emirates and the Netherlands. On the import side, China was the largest source, providing $127.0B in goods, which is 18.2% of India's total imports, followed by the Russian Federation.
Top Product Categories
India's exports were led by Mineral Fuels (HS2 27), which accounted for $74.3B or 17.1% of all exports. This was followed by Electrical Machinery (HS2 85) at $39.4B and Machinery and mechanical appliances (HS2 84) at $32.0B. For imports, Mineral Fuels (HS2 27) was also the dominant category, with a value of $217.9B, making up 31.2% of total imports. The second-largest import category was Natural or cultured pearls and precious stones (HS2 71) at $89.4B.
Exports
India - exports over time (Exports), 2015-2024 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
India - export composition by product categories (Exports), 2024 (USD)
India - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
India - imports over time (Imports), 2015-2024 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.