Brief on India Import and Export

30th JANUARY 2017 | KAMPALA
Public Opinions International

 

India is the 18th largest export economy in the world and the 50th most complex economy according to the Economic Complexity Index (ECI). In 2014, India exported $292B and imported $421B, resulting in a negative trade balance of $129B. In 2014 the GDP of India was $2.05T and its GDP per capita was $5.7k.

The top exports of India are Refined Petroleum ($53.9B), Packaged Medicaments ($12.1B), Jewellery ($11.8B), Rice ($7.75B) and Cars($5.82B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Crude Petroleum ($122B), Gold($31.1B), Petroleum Gas ($17.7B), Diamonds ($17.5B) and Coal Briquettes ($15.4B).

The top export destinations of India are the United States($35.9B), the United Arab Emirates ($29.6B), China ($13.9B), Saudi Arabia ($13B) and the United Kingdom ($10.6B). The top import origins are China ($52.5B), Saudi Arabia ($30B), the United Arab Emirates ($24.4B), Switzerland ($21.3B) and the United States($18.2B).

India borders Afghanistan, Bangladesh, Bhutan, China, Burma, Nepal and Pakistan by land and Indonesia, Sri Lanka, Maldivesand Thailand by sea.

 

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