Who are India's biggest trade partners? (Hint: It is not that obvious)


Sources: Ministry of Commerce and Industry, Orbis Economics Estimates
If you thought global heavy weights like China or the US would be India's biggest trading partners, think again.

Recently released country wise numbers for 2012-13 reveal that India is now trading most with the United Arab Emirates (UAE), taking China's place. India traded goods worth US $ 75 bn with the UAE in 2012-13, while trade with China tumbled to US $ 68 bn. 

While the top 10 trading partners remain the same, there has been some moving around among them. Germany, is one notch up, being one of the relatively healthy Euro Zone economies. Iraq has moved up three places to position 7 from 10 last year as the large Asian trade partners (Singapore, Hong Kong and Indonesia) lost ground.

Want to know more about India's trade in 2012-13? Sign up for our FREE India trade report by following the simple two step process below:

1. Sign up for our e-mail alerts. The option is provided on the top right hand column on the Orbis Economics site.

2. Once you sign up, you will receive a confirmation e-mail on the address provided. Click on the link in the e-mail to confirm subscription.

We will send you the report by e-mail. Our existing subscribers will receive the report in their inbox shortly. Do look out!

No comments:

Post a Comment