Overview: This page contains the latest international trade data for India, including service trade data, and tariffs. In 2018 India was the number 7 economy in the world in terms of GDP (current US$), the number 16 in total exports, the number 11 in total imports, and the number 45 most complex economy according to the Economic Complexity Index (ECI). In 2018, India exported $326B and imported $492B, resulting in a negative trade balance of -$166B. In 2018, India's exports per capita were $241 and its imports per capita were $364.
In 2018 India exported a total of $326B, making it the number 16 exporter in the world. During the last five reported years the exports of India have changed by $13B from $313B in 2013 to $326B in 2018.
In 2018 India imported $492B, making it the number 11 trade destination in the world. During the last five reported years the imports of India changed by $53B from $439B in 2013 to $492B in 2018.
In 2018, India exported $119B worth of services. The top services exported by India in 2018 were Miscellaneous business, professional, and technical services ($34.9B), Personal travel ($26B), Other government services ($19B), Sea transport ($12.7B), and Air transport ($5.76B).
The top services imported by India in 2018 were Miscellaneous business, professional, and technical services ($38.4B), Other government services ($16.3B), Personal travel ($15.2B), Sea transport ($10.1B), and Air transport ($9.5B).
This section shows forecasts for total product exports and imports for India. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for India are:59: ASEAN India Free Trade Area (ASEAN) Association of Southeast Asian Nations127: India-MERCOSUR Preferential Trade Agreement136: Most Favoured Nation duty rate treatement153: Preferential tafiff for Malaysia159: Preferential tariff for Afghanistan168: Preferential tariff for Bangladesh182: Preferential tariff for Chile246: Preferential tariff for Japan249: Preferential tariff for Korea, Republic of254: Preferential tariff for Least Developed Countries268: Preferential tariff for Mauritius, Republic of Seychelles and Kingdom of Tonga276: Preferential tariff for Nepal290: Preferential tariff for Philippines299: Preferential tariff for Singapore304: Preferential tariff for Sri Lanka309: Preferential tariff for Thailand336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries343: Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement)366: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA)367: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA) for The least developed nations in South Asia368: South Asian Association for Regional Cooperation (SAARC) The South Asian Free Trade Area (SAFTA)369: South Asian Association for Regional Cooperation (SAARC) The South Asian Free Trade Area (SAFTA) for The least developed
During the last 20 years India's economy has become relatively more complex, moving from the 50th to the 45th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
The top export opportunities for India according to the relatedness index, are Chromium Ore (0.41), Non-Petroleum Gas (0.39), Fake Hair (0.39), Knit Sweaters (0.38), and Knitted Hats (0.38). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that India is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
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