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2023
Flag → Flag
Exports $5.62BRnk 24 / 220
2023
Flag → Flag
Top Product $380MDiamonds
2023
Flag → Flag
Exports $18.2BRnk 9 / 211
2023
Flag → Flag
Top Product $1.87BRefined Copper
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$33,767CURRENT US$
Rnk 38 / 196
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195

About

India-Japan Trade: In 2023, India exported $5.62B to Japan. The main products that India exported to Japan were Diamonds ($380M), Raw Aluminium ($366M), and Crustaceans ($281M). Over the past 5 years the exports of India to Japan have increased at an annualized rate of 0.046%, from $5.61B in 2018 to $5.62B in 2023.

In 2023, India did not export any services to Japan.

Japan-India Trade: In 2023, Japan exported $18.2B to India. The main products that Japan exported to India were Refined Copper ($1.87B), Precious Metal Compounds ($1.4B), and Motor vehicles; parts and accessories (8701 to 8705) ($862M). Over the past 5 years the exports of Japan to India have increased at an annualized rate of 3.84%,  from $12B in 2018 to $18.2B in 2023.

In 2009, Japan exported services to India worth $2.69B, with Services not allocated ($1.34B), Other business services ($423M), and Royalties and license fees ($404M) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $421M and imported $1.73B from Japan, resulting in a negative trade balance of $1.31B. Between November 2023 and November 2024 the exports of India have increased by $23.4M (5.87%) from $398M to $421M, while imports increased by $303M (21.3%) from $1.43B to $1.73B.

Trade In November 2024, the top exports of India to Japan were Marine Products ($31.3M), Pearl, Precs, Semiprecs Stones ($24.8M), Aluminium, Products Of Aluminm ($23.8M), Auto Components/Parts ($22.1M), and Residul Chemicl And Alled Prod ($21.8M). In November 2024 the top imports of India from Japan were Iron And Steel ($164M), Residul Chemicl And Alled Prod ($117M), Indl. Machnry For Dairy Etc ($99.1M), Copper And Prdcts Made Of Copr ($78.3M), and Plastic Raw Materials ($63.7M).

Growth In November 2024, the increase in India's year-by-year exports to Japan was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($7.97M or 96.7%), Auto Components/Parts ($6.66M or 43.3%), and Plastic Raw Materials ($5.5M or 465%). In November 2024, the increase in India's year-by-year imports  from Japan was explained primarily by an increase in product imports  in Iron And Steel ($77.6M or 89.3%), Electric Machinery And Equipme ($28.5M or 99%), and Machine Tools ($23M or 105%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$23.4M(5.87%)
IMPORT GROWTH (November 2023 - November 2024)$303M(21.3%)

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 Japan and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $5.62B to Japan. The main products exported from India to Japan were Diamonds ($380M), Raw Aluminium ($366M), and Crustaceans ($281M). During the last 5 years the exports of India to Japan have increased at an annualized rate of 0.046%, from $5.61B in 2018 to $5.62B in 2023.

In 2018, Japan exported $18.2B to India. The main products exported from Japan to India were Refined Copper ($1.87B), Precious Metal Compounds ($1.4B), and Motor vehicles; parts and accessories (8701 to 8705) ($862M). During the last 5 years the exports of Japan to India have increased at an annualized rate of 3.84%, from $12B in 2023 to $18.2B in 2018.

Exports from India (Flag) to Japan (Flag) (2023)

Exports from Japan (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from India than Japan included United Arab Emirates ($28.8B), Bangladesh ($11.3B), and Nepal ($7.25B).

In 2023, countries that imported more from Japan than India included China ($138B), United States ($143B), and Chinese Taipei ($43B).

Difference in imports from Japan (Flag) and India (Flag) (2023)

Comparative Advantage India - Japan

Flow
Scale

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

During 2023, India had a large net trade with Japan in the exports of Chemical Products ($1.27B), Machines ($883M), and Metals ($666M).

During 2018, Japan had a large net trade with India in the exports of Machines ($5.78B), Metals ($4.47B), and Chemical Products ($3.04B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Japan+$638MRefined Petroleum
Top Product Potential Japan India+$335MMotor vehicles; parts and accessories (8701 to 8705)

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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Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Japan (Flag) (2023)

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