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2023
Flag → Flag
Exports $14.4BRnk 5 / 220
2023
Flag → Flag
Top Product $2.19BRefined Petroleum
2023
Flag → Flag
Exports $8.01BRnk 13 / 223
2023
Flag → Flag
Top Product $1.34BGold
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

India-United Kingdom Trade: In 2023, India exported $14.4B to United Kingdom. The main products that India exported to United Kingdom were Refined Petroleum ($2.19B), Broadcasting Equipment ($1.45B), and Packaged Medicaments ($902M). Over the past 5 years the exports of India to United Kingdom have increased at an annualized rate of 7.14%, from $10.2B in 2018 to $14.4B in 2023.

In 2023, India did not export any services to United Kingdom.

United Kingdom-India Trade: In 2023, United Kingdom exported $8.01B to India. The main products that United Kingdom exported to India were Gold ($1.34B), Scrap Iron ($813M), and Silver ($662M). Over the past 5 years the exports of United Kingdom to India have increased at an annualized rate of 3.06%,  from $6.89B in 2018 to $8.01B in 2023.

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.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $958M and imported $805M from United Kingdom, resulting in a positive trade balance of $154M. Between November 2023 and November 2024 the exports of India have increased by $98M (11.4%) from $860M to $958M, while imports decreased by $-22.2M (-2.68%) from $827M to $805M.

Trade In November 2024, the top exports of India to United Kingdom were Rmg Cotton Incl Accessories ($90.2M), Electric Machinery And Equipme ($78.5M), Telecom Instruments ($67.3M), Petroleum Products ($57.2M), and Drug Formulations, Biologicals ($43.4M). In November 2024 the top imports of India from United Kingdom were Iron And Steel ($112M), Cosmetics And Toiletries ($58.1M), Electric Machinery And Equipme ($53.8M), Alcoholic Beverages ($27.5M), and Aluminium, Products Of Aluminm ($26.5M).

Growth In November 2024, the increase in India's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Petroleum Products ($56.7M or 10.8k%), Electric Machinery And Equipme ($36M or 84.8%), and Telecom Instruments ($18.1M or 36.7%). In November 2024, the decrease in India's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Electric Machinery And Equipme ($-50.6M or -48.5%), Telecom Instruments ($-43.7M or -95.7%), and Other Misc. Engineering Items ($-23.4M or -74.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$98M(11.4%)
IMPORT GROWTH (November 2023 - November 2024)$-22.2M(-2.68%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check United Kingdom and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $14.4B to United Kingdom. The main products exported from India to United Kingdom were Refined Petroleum ($2.19B), Broadcasting Equipment ($1.45B), and Packaged Medicaments ($902M). During the last 5 years the exports of India to United Kingdom have increased at an annualized rate of 7.14%, from $10.2B in 2018 to $14.4B in 2023.

In 2018, United Kingdom exported $8.01B to India. The main products exported from United Kingdom to India were Gold ($1.34B), Scrap Iron ($813M), and Silver ($662M). During the last 5 years the exports of United Kingdom to India have increased at an annualized rate of 3.06%, from $6.89B in 2023 to $8.01B in 2018.

Exports from India (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from India than United Kingdom included United States ($85.5B), United Arab Emirates ($28.8B), and Bangladesh ($11.3B).

In 2023, countries that imported more from United Kingdom than India included Ireland ($29.1B), Netherlands ($29.8B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and India (Flag) (2023)

Comparative Advantage India - United Kingdom

Flow
Scale

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

During 2023, India had a large net trade with United Kingdom in the exports of Machines ($3.55B), Mineral Products ($2.31B), and Textiles ($1.82B).

During 2018, United Kingdom had a large net trade with India in the exports of Precious Metals ($2.14B), Metals ($1.64B), and Machines ($1.31B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India United Kingdom+$1.21BRefined Petroleum
Top Product Potential United Kingdom India+$585MCrude 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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to India (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and United Kingdom (Flag) (2023)

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