India (IND) and France (FRA) Trade | The Observatory of Economic Complexity

2022

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Exports $5.67BRnk 19 / 217

2022

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India-France Trade: In 2022, India exported $5.67B to France. The main products that India exported to France were Refined Petroleum ($1.52B), Packaged Medicaments ($330M), and Broadcasting Equipment ($255M). Over the past 5 years the exports of India to France have increased at an annualized rate of 40%, from $1.05B in 2017 to $5.67B in 2022.

In 2022, India did not export any services to France.

France-India Trade: In 2022, France exported $5.71B to India. The main products that France exported to India were Planes, Helicopters, and/or Spacecraft ($2.15B), Petroleum Gas ($412M), and Gas Turbines ($340M). Over the past 5 years the exports of France to India have increased at an annualized rate of 40.4%, from $1.05B in 2017 to $5.71B in 2022.

In 2020, France exported services to India worth $2.04B, with Other business services ($1.09B), Transportation ($580M), and Insurance services ($154M) being the largest in terms of value.

Comparison: In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, France ranked 16 in the Economic Complexity Index (ECI 1.3), and 8 in total exports ($608B).

Latest Trends

April, 2024

About

Overview In April 2024, India exported $764M and imported $665M from France, resulting in a positive trade balance of $99.2M. Between April 2023 and April 2024 the exports of India have increased by $220M (40.4%) from $544M to $764M, while imports increased by $364M (121%) from $301M to $665M.

Trade In April 2024, the top exports of India to France were Electric Machinery And Equipme ($138M), Petroleum Products ($128M), Handcrfs(Excl.Handmade Crpts) ($44.7M), Drug Formulations, Biologicals ($41M), and Rmg Cotton Incl Accessories ($38.2M). In April 2024 the top imports of India from France were Electric Machinery And Equipme ($88.7M), Indl. Machnry For Dairy Etc ($28.9M), Electronics Components ($18.6M), Medical And Scientific Instrum ($16.4M), and Organic Chemicals ($14.2M).

Growth In April 2024, the increase in India's year-by-year exports to France was explained primarily by an increase in product exports in Petroleum Products ($128M or 2.56B%), Electric Machinery And Equipme ($88M or 177%), and Handcrfs(Excl.Handmade Crpts) ($39.2M or 712%). In April 2024, the increase in India's year-by-year imports from France was explained primarily by an increase in product imports in Indl. Machnry For Dairy Etc ($8.14M or 39.2%), Organic Chemicals ($7.66M or 117%), and Medical And Scientific Instrum ($7.54M or 85%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$220M(40.4%)

IMPORT GROWTH (April 2023 - April 2024)$364M(121%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check France and India trade dynamics, check the bilateral page.

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Historical Data

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

France
Top DestinationGermany$78.3B

This map shows whether countries import more from India or France. Each country is colored based on the difference in imports they receive from India and France or the difference in the growth in imports.

In 2022, countries that imported more from India than France included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

In 2022, countries that imported more from France than India included Germany ($78.3B), Italy ($56.4B), and Spain ($46.4B).

Difference in imports from France () and India () (2022)

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential India France+$1.22BRefined Petroleum

Top Product Potential France India+$328MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Fra Year

In 2020, France exported services to India worth $2.04B, with Other business services ($1.09B), Transportation ($580M), and Insurance services ($154M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from France () to India () (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and France. This means that a dot/product with the flag of India indicates it has a comparative advantage over France. Similarly, a dot/product with the flag of France indicates it has a comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Market Competitiveness

Difference in imports from France () and India () (2022)

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from France () to India () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of India () and France () (NaN)

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