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India Trade Summary

2020

India exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR INDIA 2020

Overall Exports and Imports for India 2020

Exports and imports of India in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 275,489 million.
  • The total value of imports (CIF) was 367,980 million.
  • At the HS6 digit level, 4,417 products were exported to 224 countries and 4,332 products were imported from 211 countries.

India top 5 Export and Import partners 2020

Top five countries to which India exported in 2020 are below, along with the percent of total exports that went to that country:

  1. India exports to United States worth US$ 49,321 million, with a partner share of 17.90 percent.
  2. India exports to China worth US$ 19,008 million, with a partner share of 6.90 percent.
  3. India exports to United Arab Emirates worth US$ 17,953 million, with a partner share of 6.52 percent.
  4. India exports to Hong Kong, China worth US$ 9,537 million, with a partner share of 3.46 percent.
  5. India exports to Singapore worth US$ 8,295 million, with a partner share of 3.01 percent.

Top five countries from which India imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. India imports from China worth US$ 58,799 million, with a partner share of 15.98 percent.
  2. India imports from United States worth US$ 26,616 million, with a partner share of 7.23 percent.
  3. India imports from United Arab Emirates worth US$ 23,901 million, with a partner share of 6.50 percent.
  4. India imports from Saudi Arabia worth US$ 17,724 million, with a partner share of 4.82 percent.
  5. India imports from Iraq worth US$ 16,173 million, with a partner share of 4.40 percent.

India Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by India along with trade value are:

  1. India exported Petroleum oils, etc, (excl. crude); preparation , worth 26,174,664.56 (US$ Thousands).
  2. India exported Diamonds non-industrial nes excluding mounted o , worth 14,655,837.48 (US$ Thousands).
  3. India exported Other medicaments of mixed or unmixed products, , worth 14,237,108.43 (US$ Thousands).
  4. India exported Semi-milled or wholly milled rice , worth 7,484,135.63 (US$ Thousands).
  5. India exported Art. of jewellery and pts thereof of/o prec mtl , worth 5,678,174.08 (US$ Thousands).

The top five imported HS 6 digit level products from world by India along with trade value are

  1. India imported Petroleum oils and oils obtained from bituminou , worth 64,579,747.98 (US$ Thousands).
  2. India imported Gold in unwrought forms non-monetary , worth 21,818,230.54 (US$ Thousands).
  3. India imported Other coal, not agglomerated, nes , worth 14,341,760.04 (US$ Thousands).
  4. India imported Diamonds non-industrial unworked or simply sawn , worth 9,369,200.13 (US$ Thousands).
  5. India imported Natural gas, liquefied , worth 7,908,671.68 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by India in 2020 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 9.42 percent.
  • The trade weighted average tariff was 6.19 .
  • The total duty free imports in thousands of US dollars were 66,198,301.54 and duty free tariff line items share was 17.52 percent.

Development Indicators 2020

Key Development Indicators of India in 2020 are below

  • India GDP in current US dollar was 2,671,595 million.
  • GNI per capita, Atlas method (current US$) was 1,900.00 .
  • India Trade balance: as % of GDP was -0.39.
  • Trade balance in current US$ was -10,516.00 million.
  • Trade as percentage of GDP was 37.80 .
  • Trade in services as percentage of GDP was 11.95 .

Trade Indicators 2020

Trade Indicators for India in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 30.58.
  • World Growth in percentage was -3.77 and India Country Growth was -7.37 .