List of the largest trading partners of India
Rank Country Exports Imports Total Trade Trade Balance
1 China 16.34 68.06 84.4 -51.72
2 United States 48.6 25.7 74.3 22.9
3 United Arab Emirates 30.29 19.45 49.74 10.84
4 Saudi Arabia 6.39 20.32 26.72 -13.93
5 Switzerland 0.98 19.30 20.28 -18.32
6 Germany 7.09 12.09 20.33 -5.25
7 Hong Kong 13.7 20.34 34.04 -6.64
8 Indonesia 2.82 13.13 19.05 -10.96
9 South Korea 3.52 13.05 18.13 -8.93
10 Malaysia 3.71 9.08 16.93 -5.30
11 Singapore 7.72 7.31 16.93 2.68
12 Nigeria 2.22 9.95 16.36 -11.00
13 Belgium 5.03 8.26 16.33 -5.29
14 Qatar 0.90 9.02 15.66 -13.55
15 Japan 4.66 9.85 15.52 -4.75
16 Iraq 1.00 10.84 15.08 -13.42
17 Kuwait 1.25 4.97 14.58 -12.18
18 United Kingdom 8.83 5.19 14.34 4.30
19 Iran 2.78 6.28 13.13 -4.78
20 Australia 3.26 8.90 13.03 -7.47
Largest trading partners with India
India 's largest trade partners with their total trade ( sum of imports and exports ) in billions of US dollars for the financial year 2017–18 were as follows : [ 7 ]
According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 59.37% of total trade by India in the financial year 2015-2016. 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 and its finished items (HS code 71) were the second largest traded items with 58.465 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 trade deficit (136 billion US$) of India in the financial year 2013-14. 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. Counting the European Union as one, the WTO ranks India fifth for commercial services exports and sixth for commercial services imports. The two main destinations of exported Indian merchandises is the EU market and the USA, when the two main markets of origin are China and the EU