India’s top 10 export partners over 5 years contributed around 51% of its total exports in 2018. The list of partners and export trends during 2014-2018 are as follows:
India’s total export value (US$ billion)
Source: ITC Trade Map
India exports to USA has shown an increase over the past five years, the major product contributing to the increase are:
• Pharmaceutical products • Natural or cultured pearls, precious or semi-precious stones.
The export value has increased from 2014-2018 for all the five products.
India exports to US (export value in US$ billion) and share
India’s exports to China have also shown an increase from US$ 13.43 billion in 2014 to US$ 16.4 billion in 2018. The major items contributing to the export basket to China are ores, slag and ash.
India exports to China (export value in US$ billion) and share
India’s export to UAE has shown a decline from 2014 to 2018 due to decline in exports of:
• Natural or cultured pearls • Mineral fuels and oils • Articles of apparel and clothing
There has been small increase in exports of:
• Electrical machinery and equipment • Ship, boats and floating structures.
India exports to UAE (export value in US$ billion) and share:
India’s export to Hong Kong decreased from US$ 13.41 billion in 2014 to US$ 12.15 billion in 2015 then increased in 2016 and 2017 and then fell to US$ 13.21 billion in 2018.
The main product contributing to this decline is the Natural or cultured pearls and raw hides and skin and leather.
Since natural or cultured pearls contributes 28% in the export basket, it has impacted overall exports from India to Hong Kong.
India exports to Hong Kong (export value in US$ billion) and share
The export to Singapore has shown as decline in exports from US$ 11.57 billion in 2017 to US$ 10.43 billion in 2018 contributed by decline in exports of ships, boats and floating structures, which have the largest share in the export basket followed by mineral fuels and oils.India exports to Singapore (export value in US$ billion) and share
India’s exports to United Kingdom were recorded at US$ 9.78 billion in 2018.
The main products in the export basket are machinery and mechanical appliances, apparels and footwear and both have shown a decline in the export value.
There is an increase of exports of machinery and mechanical appliances, pharmaceutical products and natural or cultured pearls.
India exports to United Kingdom (export value in US$ billion) and share
India’s exports to Bangladesh have shown an increase from US$ 6.26 billion in 2014 to US$ 8.75 billion in 2018.
Major product exported is cotton, which has shown an increase in exports along with all other products except cereals, which has shown a decline.
India exports to Bangladesh (export value in US$ billion) and share
India’s exports to Germany have increased from US$ 7.75 billion in 2014 to US$ 8.97 billion in 2018.There has been an increase in export value of machinery and electrical equipment and organic chemicals, while exports of Apparel and clothing accessories have declined.
India exports to Germany (export value in US$ billion) and share
India exports to Netherlands have increased from US$ 6.76 billion in 2014 to US$ 8.65 billion in 2018.The products listed below have shown an increase in export value especially mineral fuels and oils. Electrical machinery and equipment has shown a decline in exports from 2014 to 2018
India exports to Netherlands (export value in US$ billion) and share
India’s exports to Nepal have witnessed a strong increased from US$ 4.19 billion in 2014 to US$ 7.29 billion in 2018.
Iron and steel is the heaviest product in the export basket to Nepal.
All 5 major products have shown an increase in export value over the years.
India exports to Nepal (export value in US$ billion) and share
Some important takeaways on India’s exports are as follows:
• USA, UAE, China, Hong Kong and Singapore are the major export destinations. • UAE and Singapore is the main countries for export of Mineral fuels and oils • Natural or cultured pearls the major destinations are Hong Kong, USA and UAE • India’s major exports of Machinery and mechanical appliance and Vehicles, Electrical machinery and equipment, Apparels and Pharmaceutical products are destined to USA • China is the country which has largest share in India’s export of organic chemicals followed by USA. • Cotton majorly exported to Bangladesh while Iron and Steel to Nepal
India top 10 products exported (export value in US$ billion) and shares
India’s export value of top 5 products in US$ billion
Source: Data used from ITC Trade Map
Stay ahead in the dynamic world of trade and commerce with India Business & Trade's weekly newsletter.