India

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IN · IND · BACI 699 · latest data 2024

Exports

$459.2B USD, nominal · 2024

= $459,239 M34.4% over 5 yrs (up)

Imports

$688.7B USD, nominal · 2024

= $688,720 M38.9% over 5 yrs (up)

Trade balancedeficit

−$229.5B USD, nominal · 2024

= −$229,481 M

Total trade

$1.15T USD, nominal · 2024

= $1,147,960 M37.0% over 5 yrs (up)

World position: #12 of 225 exporters · top 10% · #7 of 225 importers · top 5% · 2024
World export share since 1995: +1.3 pp

Trade timeline

India's exports grew from $37.9B in 1995 to $459.2B in 2024; the 2024 balance was −$229.5B.

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Exports, imports, trade balance and total trade of India per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$37,930 M	$35,834 M	$2,096 M	$73,765 M
1996	$41,916 M	$38,187 M	$3,729 M	$80,102 M
1997	$44,483 M	$41,217 M	$3,266 M	$85,700 M
1998	$43,004 M	$45,109 M	−$2,105 M	$88,114 M
1999	$45,042 M	$54,636 M	−$9,594 M	$99,678 M
2000	$51,333 M	$46,248 M	$5,086 M	$97,581 M
2001	$52,350 M	$45,084 M	$7,266 M	$97,434 M
2002	$60,616 M	$50,931 M	$9,685 M	$111,547 M
2003	$74,136 M	$64,025 M	$10,111 M	$138,162 M
2004	$96,461 M	$84,643 M	$11,818 M	$181,104 M
2005	$118,113 M	$116,006 M	$2,107 M	$234,119 M
2006	$142,674 M	$176,429 M	−$33,755 M	$319,103 M
2007	$176,235 M	$240,876 M	−$64,642 M	$417,111 M
2008	$220,926 M	$321,406 M	−$100,480 M	$542,332 M
2009	$192,452 M	$276,139 M	−$83,687 M	$468,591 M
2010	$245,251 M	$363,911 M	−$118,659 M	$609,162 M
2011	$310,810 M	$465,614 M	−$154,804 M	$776,424 M
2012	$299,366 M	$489,529 M	−$190,163 M	$788,896 M
2013	$310,178 M	$458,653 M	−$148,474 M	$768,831 M
2014	$318,338 M	$454,388 M	−$136,050 M	$772,727 M
2015	$278,678 M	$382,792 M	−$104,114 M	$661,470 M
2016	$271,392 M	$356,971 M	−$85,578 M	$628,363 M
2017	$304,463 M	$447,621 M	−$143,157 M	$752,084 M
2018	$337,253 M	$516,187 M	−$178,934 M	$853,441 M
2019	$341,774 M	$495,936 M	−$154,163 M	$837,710 M
2020	$295,914 M	$381,734 M	−$85,820 M	$677,649 M
2021	$412,840 M	$582,336 M	−$169,496 M	$995,175 M
2022	$469,763 M	$724,440 M	−$254,677 M	$1,194,204 M
2023	$441,155 M	$667,443 M	−$226,288 M	$1,108,599 M
2024	$459,239 M	$688,720 M	−$229,481 M	$1,147,959 M

30 rows

World share & rank

World export share moved from 0.7% in 1995 to 2.0% in 2024; export rank #30 → #12.

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World export and import share in percent, and world ranks, of India per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.75%	0.71%	#30	#27
1996	0.78%	0.71%	#29	#28
1997	0.79%	0.74%	#28	#29
1998	0.77%	0.81%	#30	#26
1999	0.78%	0.95%	#28	#21
2000	0.79%	0.71%	#28	#26
2001	0.83%	0.71%	#28	#27
2002	0.92%	0.77%	#28	#26
2003	0.97%	0.84%	#26	#25
2004	1.04%	0.92%	#25	#25
2005	1.13%	1.11%	#23	#21
2006	1.18%	1.46%	#22	#16
2007	1.26%	1.72%	#20	#16
2008	1.37%	1.99%	#19	#15
2009	1.55%	2.22%	#17	#14
2010	1.63%	2.42%	#16	#12
2011	1.73%	2.60%	#15	#11
2012	1.66%	2.71%	#15	#10
2013	1.70%	2.52%	#16	#11
2014	1.73%	2.48%	#15	#11
2015	1.74%	2.39%	#15	#12
2016	1.73%	2.28%	#16	#13
2017	1.74%	2.55%	#16	#11
2018	1.77%	2.71%	#14	#10
2019	1.85%	2.68%	#13	#10
2020	1.73%	2.23%	#17	#12
2021	1.93%	2.72%	#13	#10
2022	1.95%	3.00%	#13	#7
2023	1.95%	2.95%	#11	#7
2024	2.01%	3.02%	#12	#7

30 rows

Trading partners

China was India's top trading partner in 2024, at 12.2% of total trade; the top five partners covered 41.5%.

Year

Top partner share: 12.2%
Top-5 share: 41.5%
Partners: 219
Partner HHI (0–1): 0.047

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United States $88.8B

United Arab Emirates $37.1B

China $17.2B

United Kingdom $15.3B

Germany $14.2B

Saudi Arabia $14.0B

Malaysia $8.0B

Australia $7.8B

South Africa $7.3B

South Korea $6.9B

Japan $6.6B

Indonesia $6.0B

Russia $4.8B

Iraq $3.3B

Switzerland $3.0B

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Top partners of India in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$17,237 M	$122,308 M	$139,546 M	−$105,071 M
#2	United States	$88,841 M	$38,710 M	$127,551 M	$50,131 M
#3	United Arab Emirates	$37,102 M	$55,734 M	$92,836 M	−$18,632 M
#4	Russia	$4,838 M	$66,387 M	$71,225 M	−$61,549 M
#5	Saudi Arabia	$13,968 M	$30,834 M	$44,802 M	−$16,865 M
#6	Iraq	$3,264 M	$29,855 M	$33,119 M	−$26,591 M
#7	Germany	$14,230 M	$17,652 M	$31,881 M	−$3,422 M
#8	Indonesia	$6,036 M	$24,435 M	$30,472 M	−$18,399 M
#9	South Korea	$6,868 M	$21,213 M	$28,081 M	−$14,345 M
#10	Australia	$7,809 M	$18,072 M	$25,881 M	−$10,263 M
#11	Japan	$6,569 M	$18,631 M	$25,200 M	−$12,062 M
#12	Switzerland	$2,987 M	$21,888 M	$24,875 M	−$18,900 M
#13	United Kingdom	$15,337 M	$5,830 M	$21,166 M	$9,507 M
#14	Malaysia	$7,996 M	$12,074 M	$20,070 M	−$4,078 M
#15	South Africa	$7,344 M	$12,086 M	$19,430 M	−$4,742 M

15 rows

Products & sectors

Product composition of India's trade in 2024.

Year

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Concentration & risk

India's export partners held steady over 1995–2024 — HHI 0.054 → 0.056, a diversified export base across 218 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of India per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.054	0.042	198	149
1996	0.053	0.041	200	154
1997	0.055	0.040	205	159
1998	0.063	0.039	202	165
1999	0.067	0.038	202	171
2000	0.065	0.038	211	175
2001	0.056	0.038	210	181
2002	0.061	0.038	211	185
2003	0.055	0.038	216	189
2004	0.054	0.039	217	199
2005	0.055	0.039	218	205
2006	0.050	0.037	219	208
2007	0.045	0.040	220	209
2008	0.040	0.037	220	214
2009	0.047	0.038	220	210
2010	0.045	0.041	219	211
2011	0.046	0.042	216	211
2012	0.043	0.041	218	206
2013	0.041	0.042	218	207
2014	0.041	0.040	215	218
2015	0.047	0.046	215	212
2016	0.049	0.050	216	206
2017	0.047	0.048	215	211
2018	0.047	0.045	216	214
2019	0.049	0.046	220	205
2020	0.051	0.050	218	208
2021	0.051	0.051	214	206
2022	0.051	0.049	217	207
2023	0.054	0.065	220	207
2024	0.056	0.063	218	207

30 rows

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