India (IND) and Suriname (SUR) Trade | The Observatory of Economic Complexity

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India-Suriname Trade: In 2022, India exported $19.6M to Suriname. The main products that India exported to Suriname were Stone Processing Machines ($2.4M), Cleaning Products ($855k), and Rolled Tobacco ($818k). Over the past 5 years the exports of India to Suriname have increased at an annualized rate of 0.68%, from $18.9M in 2017 to $19.6M in 2022.

In 2022, India did not export any services to Suriname.

Suriname-India Trade: In 2022, Suriname exported $37.5M to India. The main products that Suriname exported to India were Rough Wood ($30.7M), Scrap Iron ($4.93M), and Scrap Aluminium ($601k). Over the past 5 years the exports of Suriname to India have increased at an annualized rate of 2.64%, from $22.9M in 2017 to $37.5M in 2022.

In 2022, Suriname did not export any services to India.

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Suriname ranked 137 in total exports ($2.94B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

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Overview In July 2024, India exported $978k and imported $8.36M from Suriname, resulting in a negative trade balance of $7.39M. Between July 2023 and July 2024 the exports of India have decreased by $-1.19M (-55%) from $2.17M to $978k, while imports increased by $3.72M (80.3%) from $4.64M to $8.36M.

Trade In July 2024, the top exports of India to Suriname were Drug Formulations, Biologicals ($93.1k), Rmg Manmade Fibres ($77.4k), Cosmetics And Toiletries ($66.6k), Paint, Varnish And Allid Prodc ($62.6k), and Indl. Machnry For Dairy Etc ($39.1k). In July 2024 the top imports of India from Suriname were Other Wood And Wood Products ($1.79M), Iron And Steel ($570k), Aluminium, Products Of Aluminm ($160k), and Copper And Prdcts Made Of Copr ($72.5k).

Growth In July 2024, the decrease in India's year-by-year exports to Suriname was explained primarily by an decrease in product exports in Atm, Injctng Mlding Mchnry Etc ($-687k or -99.9%), Moulded And Extruded Goods ($-45.9k or -56.3%), and Rmg Of Othr Textle Matrl ($-37.2k or -84.5%). In July 2024, the increase in India's year-by-year imports from Suriname was explained primarily by an increase in product imports in Aluminium, Products Of Aluminm ($98.7k or 162%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-1.19M(-55%)

IMPORT GROWTH (July 2023 - July 2024)$3.72M(80.3%)

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 Suriname and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $19.6M to Suriname. The main products exported from India to Suriname were Stone Processing Machines ($2.4M), Cleaning Products ($855k), and Rolled Tobacco ($818k). During the last 5 years the exports of India to Suriname have increased at an annualized rate of 0.68%, from $18.9M in 2017 to $19.6M in 2022.

In 2017, Suriname exported $37.5M to India. The main products exported from Suriname to India were Rough Wood ($30.7M), Scrap Iron ($4.93M), and Scrap Aluminium ($601k). During the last 5 years the exports of Suriname to India have increased at an annualized rate of 2.64%, from $22.9M in 2022 to $37.5M in 2017.

Exports from India () to Suriname () (2022)

Exports from Suriname () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Suriname
Top DestinationSwitzerland$1.15B

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

In 2022, countries that imported more from India than Suriname included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Suriname than India included Guyana ($159M), Saint Barthélemy ($5.51M), and Antigua and Barbuda ($9.35M).

Difference in imports from Suriname () and India () (2022)

Comparative Advantage India - Suriname

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Suriname in the exports of Chemical Products ($4.86M), Machines ($3.65M), and Textiles ($2.68M).

During 2017, Suriname had a large net trade with India in the exports of Wood Products ($31.3M), Metals ($5.79M), and Chemical Products ($388k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to Suriname () (2022)

Exports from Suriname () to India () (2022)

Market Competitiveness

Difference in imports from Suriname () and India () (2022)

Comparative Advantage India - Suriname

Economic Complexity

Competitive Landscape

Product Space of India () and Suriname () (2022)

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