1945

In 2013, the value of merchandise exports of India increased substantially by 16.2 percent to reach 336.6 bln US$, while its merchandise imports decreased slightly by 4.7 percent to reach 466.0 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a deficit of 129.4 bln US$ which was the smallest since 2009 (see graph 1). The largest merchandise trade balance was with MDG Western Asia at -65.1 bln US$ (see graph 4). Merchandise exports in India were diversified amongst partners; imports were also diversified. The top 30 partners accounted for 80 percent or more of exports and 23 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of India increased moderately by 5.3 percent, reaching 146.1 bln US$, while its imports of services increased slightly by 3.3 percent and reached 128.8 bln US$ (see graph 2). There was a trade in services surplus of 17.3 bln US$, up from the trade in services surplus of 14.0 bln US$ in 2011.

Related Subject(s): International Trade and Finance
Countries: India
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