Question: Who are India’s top 5 trading partners?

Market Trade (US$ Mil) Partner share(%)
United States 54,288 16.79
United Arab Emirates 29,539 9.14
China 17,279 5.35
Hong Kong, China 11,478 3.55

Which top 5 countries are trading partners of India?

Top 15

  • United States: US$49.3 billion (17.9% of India’s total exports)
  • China: $19 billion (6.9%)
  • United Arab Emirates: $18 billion (6.5%)
  • Hong Kong: $9.5 billion (3.5%)
  • Singapore: $8.3 billion (3%)
  • Bangladesh: $7.91 billion (2.9%)
  • United Kingdom: $7.77 billion (2.8%)
  • Germany: $7.7 billion (2.8%)

Who is the current largest trading partner of India?

NEW DELHI: The US has surpassed China to become India’s top trading partner, showing greater economic ties between the two countries. According to the data of the commerce ministry, in 2018-19, the bilateral trade between the US and India stood at USD 87.95 billion.

What are India’s trade partners?

Trade picture

The EU is India’s third largest trading partner, accounting for €62.8 billion worth of trade in goods in 2020 or 11.1% of total Indian trade, after China (12%) and the US (11.7%). The EU is the second-largest destination for Indian exports (14% of the total) after the USA.

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Who are the main partners in export and import trade of India?

The major export trading partners of India are –

  • United States.
  • United Arab Emirates.
  • China.
  • Hong Kong.
  • Singapore.

Which country is India’s best friend?

Countries considered India’s closest include the Russian Federation, Israel, Afghanistan, France, Bhutan, Bangladesh, and the United States. Russia is the largest supplier of military equipment to India, followed by Israel and France.

What is biggest trading partner?

Year-to-Date Total Trade

Rank Country Imports
Total, All Countries 1,093.7
Total, Top 15 Countries 853.3
1 Mexico 153.4
2 Canada 136.1

Does China import anything from India?

In recent years, India has depended on the Chinese for products, such as organic chemicals, mobile phones, household items and nuclear reactors. Over 14% of India’s total imports, worth over $62.3 billion come from China as per reports from the Department of Commerce.

What is India’s biggest import?

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 …

Who is the biggest exporter in India?

Searchable List of India’s Most Valuable Export Products

Rank Indian Export Product 2020 Value (US$)
1 Processed petroleum oils $26,174,665,000
2 Medication mixes in dosage $16,635,015,000
3 Diamonds (unmounted/unset) $15,213,101,000
4 Rice $7,980,028,000

What does China import from India?

In 2020, India imported goods worth $58.71 billion from China. This makes China India’s top import partner. Major Chinese imports included consumer electronics, telecom instruments, computer hardware and peripherals, electrical equipment, fertilisers and chemicals.

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Which country exports the most?

The United States recorded an export value of 1.43 trillion U.S. dollars in 2020.

Leading export countries worldwide in 2020 (in billion U.S. dollars)

Characteristic Value in billion U.S. dollars
China 2,591.12
United States 1,431.64
Germany 1,380
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