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Exports In 2022, India exported $1.73M in Balances, making it the 16th largest exporter of Balances in the world. At the same year, Balances was the 1043rd most exported product in India. The main destination of Balances exports from India are: Uzbekistan ($228k), United States ($131k), Russia ($124k), Germany ($118k), and United Arab Emirates ($92k).

The fastest growing export markets for Balances of India between 2021 and 2022 were Uzbekistan ($175k), Russia ($105k), and Germany ($50.3k).

Imports In 2022, India imported $26.3M in Balances, becoming the 3rd largest importer of Balances in the world. At the same year, Balances was the 710th most imported product in India. India imports Balances primarily from: China ($10.5M), Germany ($6.97M), Japan ($2.51M), Philippines ($1.74M), and Poland ($1.44M).

The fastest growing import markets in Balances for India between 2021 and 2022 were China ($3.2M), Netherlands ($1.22M), and Germany ($602k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Balances. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.73M
IMPORTS (2022)$26.3M
NET TRADE (2022)-$24.6M

In 2022, India exported $1.73M in Balances. The main destinations of India exports on Balances were Uzbekistan ($228k), United States ($131k), Russia ($124k), Germany ($118k), and United Arab Emirates ($92k).

In 2022, India imported $26.3M in Balances, mainly from China ($10.5M), Germany ($6.97M), Japan ($2.51M), Philippines ($1.74M), and Poland ($1.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR India WERE (2021 - 2022):
Uzbekistan$175k (328%)
Russia$105k (569%)
Germany$50.3k (73.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY India WERE (2021 - 2022):
Uganda-$26.8k (-86.5%)
Italy-$21.2k (-50.2%)
Sri Lanka-$19.1k (-44%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Balances were:
In 2022, India's main importing competitors in Balances were:

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $167k
TOP IMPORT POTENTIALChina+ $3.79M

Balances’s highest export potential is United States. With an export gap of $167k.   Balances’s highest import potential is China with an import gap of $3.79M.

See methodology.

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