India's Trading Statistics

India, officially known as the Republic of India, is a south Asian country sharing borders with countries like China, Nepal, Pakistan, Sri Lanka, Myanmar, Bhutan, Bangladesh.

In 2018, India shipped $323.1 billion worth of goods around the world. This is a 1.7% rise since 2014 and 9.2% gain from 2017 to 18.

Of all these merchandise, almost half, that is 49.3% were exported to fellow Asian countries, 19.3% to European countries, 18% to North America, 8.3% to Africa, 2.9% to Latin America and 1.3% Oceania.

SURPLUS

When a country has a higher value of exported goods than imports, it is said to have a surplus. In 2018, India had the highest surplus from the following countries:

1) United States = $19 bn

2) Bangladesh = $7.9 bn

3) Nepal = $6.9 bn

4) Nehterlands = $5 bn

5) Sri Lanka = $3.3 bn

6) Turkey = $3.3 bn

7) United Kingdom = $2.7 bn

8) Spain = $2.3 bn

9) UAE = $2.2 bn

10) Kenya = $2 bn

DEFICIT

When a country has a higher value of imported goods than the exports, then the country is said to have a deficit.

In 2018, India had a highest deficit with the following countries:

1) China = $57.3 bn

2) Saudi Arabia = $22.9 bn

3) Iraq = $21.2 bn

4) Switzerland = $16.8 bn

5) Iran = $11.9 bn

6) South Korea = $11.6 bn

7) Indonesia = $11.2 bn

8) Australia = $10.4 bn

9) Qatar = $8.9 bn

10) Nigeria = $8.4 bn

COMPANIES

Major Indian companies involved in the international trade in 2018 are :

1) Reliance Industries: for oil and gas

2) Tata Motors: for cars and trucks

3) Indian Oil: oil and gas

4) Coal India: for mining and metals

5) ITC: for tobacco

6) Bharat Heavy Electricals: for electrical equipment

7) Hindalco Industries: aluminium

8) Tata Steel: for iron and steel

9) Bharat Petroleum: Oil and gas

10) Hindustan Petroleum: for oil and gas

INCREASE IN EXPORTS WITH COUNTRIES

COUNTRY INCREASE IN EXPORTS FROM 2017 TO 2018

United States +12 %

UAE -3.4 %

China +31.3 %

Hong Kong -12 %

Singapore -9.9 %

United Kingdom +9.1%

Germany +8.8 %

Bangladesh +21.4 %

Netherlands +59.3 %

Nepal +32.2 %

TOP SECTORS FOR EXPORTS

Mineral fuels = $48.3 bn (14.9 % of total exports)

Gems and precious stones = $40.1 bn (12.4 %)

Machinery = $20.4 bn (6.3 %)

Vehicles = $18.2 bn (5.6 %)

Organic Chemicals = $17,7 bn (5.5 %)