India’s balance of trade

India has had a favourable balance of trade with 105 countries over the last three years. The top 10 out of these trade partners are the US, the Netherlands, Singapore, Bangladesh, Hong Kong, Kenya, Sri Lanka, Bahamas, Nepal and the UK. These 10 countries collectively have a 35 percent share in India’s export basket in 2012-13 (till September 2012).

India has been running a deficit in trade with 48 countries ever the last three years. China. Switzerland, Saudi Arabia. Australia. Nigeria, Kuwait, Iran, Iraq. South Korea and Qatar are the top ten among these countries. In India’s total exports, the combined share of these ten countries in 2012-13 (till September 2012) is 13.5 percent.

Read Also:

India Balanc of trade

Balance of Payments

Foreign trade

 

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