Ancient India had trade relations with Egypt, Europe, Iran, and China. After India gained independence from the British in 1947 India became a member of the Commonwealth of Nation. But the country had a closed economy. The government monitored imports and exports very closely. India opened up its economy after liberalization in 1991. Since then there has been no looking back. India joined the WTO in 1995 and became a member of G20 in 1999. India has bilateral trade deals with several trade blocks like the EU, ASEAN, and EFTA. India import-export data shows foreign trade was 40.2% of the GDP.
India import export data is collected from custom ports around the country. The trade data of India can be used by importers, exporters, suppliers, logistics and forwarders, investors, and government agencies. The database contains the following information:-
India import and export data shows the total exports in 2019 were 322.8 billion USD. India imported 480 billion USD in 2019. India had a negative trade balance of 189.69 billion USD in 2019. India's trade deficit in September 2020 was 2.7 billion USD. The trade gap was narrowed to 20 trillion USD from April to September 2020.
Export data India shows that exports jumped to 27.58 billion USD in September 2020. Exports showed the highest recovery after the pandemic. Exports in February 2020 were 27.4 billion USD. Historical data showed the maximum exports in India were recorded in April 2008. The lowest exports of goods were recorded in April 2020. The top exports in 2019 were:-
India’s top export partners
Import data India shows that imports were 30.3 billion USD in September 2020. Imports showed signs of a recovery after the pandemic. Imports before lockdown were 37.3 billion USD in February 2020. Historical data showed the maximum imports in India were recorded in March 2010. The lowest imports of commodities were recorded in April 2020. The top imports in 2019 were:-
India’s top import partners are:-
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