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Top 10 Trading Partners of India in 2024: A Complete Guide

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Did you know? India has steadily evolved into a global trade powerhouse , strengthening its role in the international supply chain. With a growing manufacturing base, expanding services sector, and strong agricultural exports, India has become a preferred trade partner for many global economies. At the same time, India relies heavily on imports such as crude oil, coal, machinery, and electronics, making its trade relations highly dynamic. In this blog, we will explore the top trading partners of India , highlight India’s export and import performance, and analyze the strategic importance of India’s major trade partners . Overview of India’s International Trade India is now among the world’s top 20 trading nations, with total trade (exports + imports) crossing $1.6 trillion in FY 2023–24 . Top Indian exports : Petroleum products, pharmaceuticals, gems & jewellery, engineering goods, textiles, and IT services. Top Indian imports : Crude oil, electronics, gold, industrial ma...
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India Crude Oil Import Data: Top Importers, Suppliers & HS Codes

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Were you aware? India imports a large share of its crude oil requirements from international markets due to limited domestic production. With the country’s strong and consistent economic growth, its energy demand is expected to rise faster than any other major economy in the world . By 2035, India’s primary energy demand is expected to grow twice as fast as the global average. In this blog, we will cover: India crude oil import data (2023–2025) Leading crude oil suppliers to India HS codes for crude oil imports Top crude oil importing countries worldwide India’s top crude oil importers and refiners India Crude Oil Import Data (2024–25) According to government data, in FY 2024–25 , India’s crude oil imports rose by 4.2% , reaching 242.4 million tonnes (MT) . India’s import dependency rose marginally to 89.1% in March 2025 , up from 88.6% a year earlier . India Crude Oil Import Data (2023–24) In FY 2023–24 (April 2023 to March 2024) , India’s crude oil imports to...
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Location: India
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