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Who Are India’s Biggest Trade Partners?

Manika Premsingh,
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new trading partnerIf you thought global heavy weights like China or the US would be India’s biggest trading partners, think again.
Recently released country wise numbers for 2012-13 reveal that India is now trading most with the United Arab Emirates (UAE), taking China’s place. India traded goods worth US $ 75 bn with the UAE in 2012-13, while trade with China tumbled to US $ 68 bn.

 

 

 

 

 

Figure 1

 

who are india's biggest trading partners graph

 

 

 

While the top 10 trading partners remain the same, there has been some moving around among them. Germany is one notch up, being one of the relatively healthy Euro Zone economies. Iraq has moved up three places to position 7 from 10 last year as the large Asian trade partners (Singapore, Hong Kong and Indonesia) lost ground.

 

 

(Manika Premsingh is an economist and founder of Orbis Economics, which provides research on the economy. She can be reached at )

  1. Nirranj Prabhu M Reply

    July 3, 2013 at 7:38 am

    Hello Ma’am,

    Can You give a break up of these figures in terms of the total exports to each nation and the value of the products imported from them??

    This will give us a clear figure on the Trade deficit…

    I suppose we are in dis advantage with all these top 10 trading partners…

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