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2022
Flag → Flag
Exports $11.9BRnk 7 / 217
2022
Flag → Flag
Top Product $785MBroadcasting Equipment
2022
Flag → Flag
Exports $6.3BRnk 20 / 224
2022
Flag → Flag
Top Product $639MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

India-United Kingdom Trade: In 2022, India exported $11.9B to United Kingdom. The main products that India exported to United Kingdom were Broadcasting Equipment ($785M), Refined Petroleum ($738M), and Packaged Medicaments ($585M). Over the past 5 years the exports of India to United Kingdom have increased at an annualized rate of 4.99%, from $9.33B in 2017 to $11.9B in 2022.

In 2022, India did not export any services to United Kingdom.

United Kingdom-India Trade: In 2022, United Kingdom exported $6.3B to India. The main products that United Kingdom exported to India were Scrap Iron ($639M), Scrap Aluminium ($382M), and Crude Petroleum ($379M). Over the past 5 years the exports of United Kingdom to India have increased at an annualized rate of 4.1%,  from $5.15B in 2017 to $6.3B in 2022.

In 2019, United Kingdom exported services to India worth $3.33B, with Travel ($1.16B), Other business services ($793M), and Transportation ($523M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $1.13B and imported $1.52B from United Kingdom, resulting in a negative trade balance of $388M. Between August 2023 and August 2024 the exports of India have increased by $143M (14.5%) from $985M to $1.13B, while imports increased by $842M (125%) from $674M to $1.52B.

Trade In August 2024, the top exports of India to United Kingdom were Rmg Cotton Incl Accessories ($90.2M), Electric Machinery And Equipme ($78.5M), Telecom Instruments ($67.3M), Petroleum Products ($57.2M), and Drug Formulations, Biologicals ($43.4M). In August 2024 the top imports of India from United Kingdom were Iron And Steel ($112M), Cosmetics And Toiletries ($58.1M), Electric Machinery And Equipme ($53.8M), Alcoholic Beverages ($27.5M), and Aluminium, Products Of Aluminm ($26.5M).

Growth In August 2024, the increase in India's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Petroleum Products ($56.7M or 10.8k%), Electric Machinery And Equipme ($36M or 84.8%), and Telecom Instruments ($18.1M or 36.7%). In August 2024, the increase in India's year-by-year imports  from United Kingdom was explained primarily by an increase in product imports  in Iron And Steel ($90.8M or 421%), Cosmetics And Toiletries ($54M or 1.31k%), and Alcoholic Beverages ($13.9M or 102%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$143M(14.5%)
IMPORT GROWTH (August 2023 - August 2024)$842M(125%)

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 United Kingdom and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $11.9B to United Kingdom. The main products exported from India to United Kingdom were Broadcasting Equipment ($785M), Refined Petroleum ($738M), and Packaged Medicaments ($585M). During the last 5 years the exports of India to United Kingdom have increased at an annualized rate of 4.99%, from $9.33B in 2017 to $11.9B in 2022.

In 2017, United Kingdom exported $6.3B to India. The main products exported from United Kingdom to India were Scrap Iron ($639M), Scrap Aluminium ($382M), and Crude Petroleum ($379M). During the last 5 years the exports of United Kingdom to India have increased at an annualized rate of 4.1%, from $5.15B in 2022 to $6.3B in 2017.

Exports from India (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
United Kingdom
Top DestinationUnited States$61.8B

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

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

In 2022, countries that imported more from United Kingdom than India included Ireland ($32.6B), Germany ($40.6B), and Netherlands ($41.9B).

Difference in imports from United Kingdom (Flag) and India (Flag) (2022)

Comparative Advantage India - United Kingdom

Flow
Scale

This chart compares trade between India and United Kingdom by product, considering products traded by both, India and United Kingdom.

During 2022, India had a large net trade with United Kingdom in the exports of Machines ($2.53B), Textiles ($2.01B), and Chemical Products ($1.28B).

During 2017, United Kingdom had a large net trade with India in the exports of Machines ($1.51B), Metals ($1.51B), and Mineral Products ($557M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India United Kingdom+$1.21BRefined Petroleum
Top Product Potential United Kingdom India+$585MCrude Petroleum

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

In 2019, United Kingdom exported services to India worth $3.33B, with Travel ($1.16B), Other business services ($793M), and Transportation ($523M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to India (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and United Kingdom (Flag) (2022)

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