50 countries India had highest Trade Deficit in FY 2016-17

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In Financial year2016-17 India has  Exported worth rs. 1,852,339.65 Crores and total Import was rs. 2,577,417.43 Crores. Thus India had a trade deficit of Rs. 725,077.78 Crores in financial year 2016-17.

Import Export

India did have trade surplus with few countries it does business with like USA, UAE, Bangladesh, UK, Nepal, Hong Kong, Vietnam , turkey, SriLanka, Netherlands, Singapore, Kenya, Spain, Oman, Pakistan, Israel, Italy, Philippines, Egypt, Mauritius, Tanzania, Ethiopia.

India Had trade deficit with 87 countries. It was topped by China

  1.  China – Rs. 342706.97 crore trade deficit
  2. Switzerland – Rs. 109061.98 crore trade deficit
  3. Saudi Arab – Rs. 99346.06 crore trade deficit
  4. Iraq – Rs.70991.96 crore trade deficit
  5. Indonesia – Rs. 66654.06 crore trade deficit

we also had trade deficit with Korea, Australia, Iran, Qatar, Japan, Nigeria, Venezuela, Germany, Malaysia, Russia, Kuwait, Angola, South Africa, Thailand, Ukraine, Canada, Argentina, Brazil, Ghana Belgium, Botswana, France to name a few.

Also read, India’s Export Import : Trade balance with World in FY 2016-17

Total Export in Financial Year 2016-17 : 1852339.65 Crores

Total Import in Financial Year 2016-17 : 2577417.43 Crores

Total Trade in Financial Year 2016-17 : 4420499.87 Crores

Trade deficit in Financial year 2016-17 : 725077.78 Crores

Also read, Top 50 countries with Trade surplus in FY 2016-17

Top 50 countries India had trade deficit in financial year 2016-17 are.

All figures are in Rs crores.

Period : Financial year 2016-17

Rank Country Export Import Total Trade Trade Balance
1 CHINA P RP 68,417.53 411,124.50 479,542.03 -342,706.97
2 SWITZERLAND 6,557.30 115,619.29 122,176.59 -109,061.98
3 SAUDI ARAB 34,417.21 133,763.27 168,180.49 -99,346.06
4 IRAQ 7,483.65 78,475.61 85,959.26 -70,991.96
5 INDONESIA 23,490.18 90,144.25 113,634.43 -66,654.06
6 KOREA RP 28,452.29 84,452.61 112,904.91 -56,000.32
7 AUSTRALIA 19,886.34 74,864.43 94,750.77 -54,978.09
8 IRAN 16,045.63 70,477.61 86,523.24 -54,431.99
9 QATAR 5,281.09 51,222.26 56,503.35 -45,941.17
10 JAPAN 25,852.37 65,424.97 91,277.34 -39,572.60
11 NIGERIA 11,874.39 51,374.53 63,248.93 -39,500.14
12 VENEZUELA 416.23 36,964.29 37,380.52 -36,548.06
13 UNSPECIFIED 16,958.22 49,148.89 66,107.11 -32,190.67
14 GERMANY 48,365.38 77,704.24 126,069.62 -29,338.86
15 MALAYSIA 35,112.02 59,890.35 95,002.37 -24,778.32
16 RUSSIA 12,950.96 37,180.34 50,131.30 -24,229.37
17 KUWAIT 10,022.79 29,863.18 39,885.97 -19,840.40
18 ANGOLA 1,041.51 17,406.17 18,447.68 -16,364.66
19 SOUTH AFRICA 23,834.86 38,979.15 62,814.01 -15,144.29
20 THAILAND 21,283.99 36,313.08 57,597.07 -15,029.09
21 UKRAINE 2,083.30 16,656.92 18,740.22 -14,573.63
22 CANADA 13,469.78 27,726.11 41,195.90 -14,256.33
23 ARGENTINA 3,434.35 16,763.00 20,197.35 -13,328.64
24 BRAZIL 16,150.06 27,652.62 43,802.67 -11,502.56
25 GHANA 4,574.23 13,015.36 17,589.59 -8,441.14
26 BOTSWANA 516.88 8,766.27 9,283.16 -8,249.39
27 BELGIUM 37,994.14 44,395.64 82,389.78 -6,401.50
28 TAIWAN 14,699.78 21,076.30 35,776.08 -6,376.52
29 EQUTL GUINEA 75.34 5,352.56 5,427.89 -5,277.22
30 FRANCE 33,041.92 38,263.84 71,305.76 -5,221.92
31 FINLAND 1,828.78 6,791.93 8,620.71 -4,963.15
32 BRUNEI 287.28 4,208.47 4,495.75 -3,921.19
33 CHILE 4,534.58 8,229.21 12,763.79 -3,694.63
34 AUSTRIA 2,581.44 6,084.98 8,666.42 -3,503.54
35 ZAMBIA 1,591.65 4,991.02 6,582.66 -3,399.37
36 SWEDEN 4,771.17 7,788.16 12,559.33 -3,016.99
37 DOMINIC REP 1,511.81 4,514.77 6,026.58 -3,002.97
38 AZERBAIJAN 271.09 3,104.95 3,376.04 -2,833.86
39 MOROCCO 2,523.38 5,342.85 7,866.23 -2,819.47
40 KAZAKHSTAN 812.47 3,473.77 4,286.24 -2,661.30
41 PERU 4,685.92 7,227.12 11,913.04 -2,541.19
42 NORWAY 1,648.66 3,816.46 5,465.11 -2,167.80
43 JORDAN 3,513.62 5,556.11 9,069.73 -2,042.49
44 BAHAMAS 39.82 1,727.65 1,767.47 -1,687.83
45 CAMEROON 1,007.26 2,411.24 3,418.49 -1,403.98
46 NEW ZEALAND 2,083.93 3,385.25 5,469.17 -1,301.32
47 GUINEA BISSAU 145.2 1,442.65 1,587.85 -1,297.45
48 LAO PD RP 172.21 1,390.72 1,562.93 -1,218.50
49 LITHUANIA 644.96 1,819.25 2,464.21 -1,174.29
50 ECUADOR 1,333.54 2,384.36 3,717.90 -1,050.82

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