2022
Flag  
GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

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.

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.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $6.3B in 2022.

In 2017, 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 2022 to $11.9B in 2017.

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

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

Market Competitiveness

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

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

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

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).

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

Comparative Advantage United Kingdom - India

Flow
Scale

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

During 2022, United Kingdom had a large net trade with India in the exports of Machines ($1.51B), Metals ($1.51B), and Mineral Products ($557M).

During 2017, India had a large net trade with United Kingdom in the exports of Machines ($2.53B), Textiles ($2.01B), and Chemical Products ($1.28B).

Potential Exports

Potential Exports

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

Competitive Landscape

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

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

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