India / Vietnam

Overview In November 2024, India exported $494M and imported $651M from Vietnam, resulting in a negative trade balance of $157M. Between November 2023 and November 2024 the exports of India have increased by $80.5M (19.5%) from $414M to $494M, while imports decreased by $-277M (-29.8%) from $928M to $651M.

Trade In November 2024, the top exports of India to Vietnam were Buffalo Meat ($51.5M), Other Cereals ($47.8M), Marine Products ($39.3M), Iron And Steel ($35.2M), and Oil Meals ($34.8M). In November 2024 the top imports of India from Vietnam were Iron And Steel ($95.6M), Telecom Instruments ($92.9M), Consumer Electronics ($87.6M), Copper And Prdcts Made Of Copr ($65M), and Computer Hardware, Peripherals ($37.1M).

Growth In November 2024, the increase in India's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Oil Meals ($25.2M or 262%), Marine Products ($23.3M or 146%), and Buffalo Meat ($18.8M or 57.6%). In November 2024, the decrease in India's year-by-year imports  from Vietnam was explained primarily by an decrease in product imports  in Natural Rubber ($-16.8M or -75.1%), Consumer Electronics ($-12.3M or -12.3%), and Products Of Iron And Steel ($-7.75M or -32.2%).