India

Overview In August 2024 India exported $34.7B and imported $64.3B, resulting in a negative trade balance of $29.6B. Between August 2023 and August 2024 the exports of India have decreased by $-3.74B (-9.73%) from $38.5B to $34.7B, while imports increased by $4.18B (6.95%) from $60.2B to $64.3B.

Trade In August 2024, the top exports of India were Petroleum Products ($5.95B), Drug Formulations, Biologicals ($1.88B), Telecom Instruments ($1.25B), Pearl, Precs, Semiprecs Stones ($1.17B), and Electric Machinery And Equipme ($1.16B). In August 2024 the top imports of India were Gold ($10.1B), Petroleum: Crude ($7.81B), Electronics Components ($3.34B), Petroleum Products ($3.21B), and Coal,Coke And Briquittes Etc ($2.79B).

Destinations In August 2024, India exported mostly to United States ($6.55B), United Arab Emirates ($2.87B), Netherlands ($1.95B), United Kingdom ($1.13B), and China ($999M), and imported mostly from China ($10.8B), United Arab Emirates ($6.38B), Switzerland ($3.95B), United States ($3.82B), and Russia ($3.58B).

Growth In August 2024, the decrease in India's year-by-year exports was explained primarily by an decrease in exports to Singapore ($-613M or -40.8%), United States ($-441M or -6.3%), and Israel ($-395M or -72.1%), and product exports decrease in Petroleum Products ($-3.7B or -38.3%), Pearl, Precs, Semiprecs Stones ($-473M or -28.7%), and Iron And Steel ($-185M or -18.9%). In August 2024, the increase in India's year-by-year imports was explained primarily by an increase in imports from United Arab Emirates ($2.68B or 72.4%), Switzerland ($1.76B or 80.5%), and China ($1.44B or 15.4%), and product imports increase in Gold ($5.12B or 104%), Silver ($1.16B or 727%), and Aircraft, Spacecraft And Parts ($584M or 339%).