India Trade Data, Import Export trade Data India

The trade statistics of India includes exports and imports by partner and products, tariff, and relevant development index. India has burgeoned to a leading trade partner in international acumen.

India exports around 7500 commodities to about 190 countries and imports around 6000 commodities from 140 countries. India is currently known as one of the most key players in the global economic landscape. The progressive government reforms and inherent economic strengths have attributed to its standing as one of the most sought-after destinations for foreign investment all across the globe.

As per India Import Data, the key exports of the country are engineering goods, petroleum products, gems and jewelry, agriculture products and textiles. Other major exports include tea, spices, tea, coffee, tobacco in agriculture along with iron and steel.

The major export partners of India are The United States of America, the United Arab Emirates, China, Hong Kong, and Bangladesh.

With the unprecedented outbreak of the covid-19 virus followed by lockdown and restriction exports of the country got affected. Petroleum products were the most affected commodities in terms of exports from India with a fall of 32% in January 2021.

As per India Export Data, the main imports of India are mineral fuels, oils and waxes, pearls, precious metals, semi-precious stones, jewelry, electrical machines and equipment, nuclear reactors, boilers, machinery, mechanical appliances, crude petroleum, diamonds, and coal briquettes.

The main import trading partners of India are China, United States, United Arab Emirates, Saudi Arabia, and Iraq.

With the outbreak of the coronavirus, the imports of India have declined. The major reason for the decline in imports is the fall in oil and oil products imports.  The reasons are the fall in oil prices and the lack of mobility due to the spread of the virus has led to the decline in the consumption of petroleum products.

Over the years the country has witnessed rapid economic development and become one of the emerging economies. India stands third in the purchasing power parity across the globe making it one of the largest importers of goods and services. The major trading partners of India are China, UAE, Singapore, and the US.

Top ten Trading Partners of Indonesia

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