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India Trade (% GDP)

India's trade (% GDP) fell to 44.67% in 2024, down from 44.99% in 2023, according to World Bank. This represents a decrease of 0.32% from the previous year. India has trade (% GDP) lower than the global median (44.67% vs median 84.49%). Compared with the median in Asia, India is lower (44.67% vs regional median 82.69%) and ranks 37th out of 45 countries in Asia.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 44.67%
2023 44.99%
2022 50.08%
2021 45.42%
2020 37.76%
2019 39.91%
2018 43.62%
2017 40.74%
2016 40.08%
2015 41.92%
2014 48.92%
2013 53.84%
2012 55.79%
2011 55.62%
2010 49.26%
2009 46.27%
2008 53.37%
2007 45.69%
2006 45.72%
2005 42%
2004 37.5%
2003 30.59%
2002 29.51%
2001 25.99%
2000 26.9%
1999 24.82%
1998 23.7%
1997 22.62%
1996 21.93%
1995 22.87%
1994 20.08%
1993 19.65%
1992 18.43%
1991 16.99%
1990 15.51%
1989 15.17%
1988 13.49%
1987 12.58%
1986 12.22%
1985 12.9%
1984 14.01%
1983 13.69%
1982 14.13%
1981 14.51%
1980 15.38%
1979 14.92%
1978 12.9%
1977 12.65%
1976 12.8%
1975 12.29%
1974 10.85%
1973 8.93%
1972 7.74%
1971 7.67%
1970 7.66%
1969 7.74%
1968 8.98%
1967 9.98%
1966 10.81%
1965 8.52%
1964 9.41%
1963 10.19%
1962 10.2%
1961 10.26%
1960 11.3%
India Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for India divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $434.44B $431.41B 2024
Annual Imports $697.75B $672.14B 2024
Balance of Trade -$32.1B -$26.5B Sep'25
Exports $36.4B $35.1B Sep'25
Exports (% GDP) 21.18% 21.45% 2024
FDI Inflows (% GDP) 0.71% 0.77% 2024
Imports $68.5B $61.6B Sep'25
Imports (% GDP) 23.49% 23.54% 2024
Net Trade (Goods & Services, BoP) -$101.03B -$86.33B 2024
Tariff Rate 10.06% 9.86% 2022