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South Asia Trade Summary

2023

South Asia 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 SOUTH ASIA 2023

Overall Exports and Imports for South Asia 2023

Exports and imports of South Asia in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 444,062 million.
  • The total value of imports (CIF) was 693,305 million.
  • At the HS6 digit level, 4,437 products were exported to 228 countries and 4,487 products were imported from 218 countries.

South Asia top 5 Export and Import partners 2023

Top five countries to which South Asia exported in 2023 are below, along with the percent of total exports that went to that country:

  1. South Asia exports to United States worth US$ 78,599 million, with a partner share of 17.70 percent.
  2. South Asia exports to United Arab Emirates worth US$ 33,412 million, with a partner share of 7.52 percent.
  3. South Asia exports to Netherlands worth US$ 23,460 million, with a partner share of 5.28 percent.
  4. South Asia exports to China worth US$ 16,518 million, with a partner share of 3.72 percent.
  5. South Asia exports to United Kingdom worth US$ 13,363 million, with a partner share of 3.01 percent.

Top five countries from which South Asia imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. South Asia imports from China worth US$ 125,559 million, with a partner share of 18.11 percent.
  2. South Asia imports from Russian Federation worth US$ 67,466 million, with a partner share of 9.73 percent.
  3. South Asia imports from United States worth US$ 42,713 million, with a partner share of 6.16 percent.
  4. South Asia imports from United Arab Emirates worth US$ 39,552 million, with a partner share of 5.70 percent.
  5. South Asia imports from Saudi Arabia worth US$ 34,937 million, with a partner share of 5.04 percent.

South Asia Top 5 Productsexports imports at HS 6 digit level 2023

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

  1. South Asia exported Petroleum oils, etc, (excl. crude); preparation , worth 85,343,770.70 (US$ Thousands).
  2. South Asia exported Diamonds non-industrial nes excluding mounted o , worth 17,559,386.30 (US$ Thousands).
  3. South Asia exported Other medicaments of mixed or unmixed products, , worth 16,246,025.82 (US$ Thousands).
  4. South Asia exported Transmission apparatus, for radioteleph incorpo , worth 15,249,950.71 (US$ Thousands).
  5. South Asia exported Art. of jewellery and pts thereof of/o prec mtl , worth 11,056,801.17 (US$ Thousands).

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

  1. South Asia imported Petroleum oils and oils obtained from bituminou , worth 141,307,531.34 (US$ Thousands).
  2. South Asia imported Gold in unwrought forms non-monetary , worth 42,549,363.16 (US$ Thousands).
  3. South Asia imported Other coal, not agglomerated, nes , worth 36,236,964.43 (US$ Thousands).
  4. South Asia imported Monolithic integrated circuits, digital , worth 19,203,470.54 (US$ Thousands).
  5. South Asia imported Petroleum oils, etc, (excl. crude); preparation , worth 14,862,216.45 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by South Asia in 2023 are below

  • The maximum rate of tariff in percentage on any product was 400 percent.
  • The simple average tariff across all products was 10.51 percent.
  • The trade weighted average tariff was 5.75 .
  • The total duty free imports in thousands of US dollars were 161,173,925.81 and duty free tariff line items share was 24.02 percent.

Development Indicators 2023

Key Development Indicators of South Asia in 2023 are below

  • South Asia GDP in current US dollar was 4,210,278 million.
  • GNI per capita, Atlas method (current US$) was 2,603.01 .
  • South Asia Trade balance: as % of GDP was -2.63.
  • Trade balance in current US$ was -110,618.00 million.
  • Trade as percentage of GDP was 43.97 .
  • Trade in services as percentage of GDP was 13.22 .

Trade Indicators 2023

Trade Indicators for South Asia in 2023 are below

  • Hirschman Herfindahl market concentration index was not available.
  • Index of export market penetration was not available.
  • World Growth in percentage was not available and South Asia Country Growth was not available .