Earlier India was a country that used to workmostly in the agriculture sector. Every other person was engaged in farming and most of the population used to live in rural areas .
But as globalization grew and changes tookplace things in India changed . As per the import and export data India used to export only a few items and quantities to other countries and was also dependent on imports from other countries .
Today India is a big name in the tradebusiness and has set up many industries as well . It is now a self sufficient country that manufactures its own goods and rely less on imports comparatively
Although India is a self sufficient countrythere are still many things that are not easily available in India .
By doing this India trades with many countriesto some countries it exports its good quality products and imports products from some .
In this post we will look at some of thecountries that India trades the most with . Lets look at it below . But before that lets get an overview of the currentstate of India’s overall trade shown by the India import and export data .
Current status of India’s trade
India is a country that has good traderelationships with almost all countries and all countries are happy to exchange goods together.
With the help of port data suppliers we couldlearn that India is a major country in the trade world .
In the previous year India imported goodsworth nearly $500 billion and exported goods worth nearly $400 b which was almost 22 % higher .
India is currently facing a trade deficit buthas improved and will improve year by year .
Which country has more trade from India?
When we say which country is the biggest tradepartner of India, we instantly think of China !
But things have changed now the country whichIndia trades the most now is USA
USA is the major trade partner of India .India imports as well as exports goods to USA and both the countries enjoy a great relationship with each other both politically and for trade
Some of the products that
India Export to USA
● Pharmaceuticals
● Boilers
● Chemical
● Metal Items
Products that India import from USA
● Airplane parts
● Gems and jewelry
● Machinery
● Oil
Other than this both countries are nuclearpowers and hold an alliance due to which other countries are conscious of this partnership .
Talking about countries other than USA
After USA China is the country with whichIndia trades . Even though India doesn’t have a really good bond with China but
it makes some really cheap products that can help Indian businesses .
India doesn’t export much in China due todifference that were created after covid 19
Saudi Arabia , UAE are other two countriesthat are on top trade list in of India’s trade partners according to the import export data .
India Imports oil related products from boththese countries . From UAE it also imports gold and electronic products as well
India exports vegetables,fruits and medicalagoods to these countries and the relationship between them is going strong .
Conclusion
These were the countries that India traded themost with . If you want to read or learn more about it or want to know about the real time statistics then you must visit Siomox .
SIomex will help you to get the right importexport data .
