India’s trade deficit has been rs. 4.81,792 crores in first half of 2017-18. In first quarter It has been rs. 2.62 lacs crores in second quarter it is recorded Rs. 2.19lacs crores. 43% of trade deficit is on account of China. India has trade deficit of Rs. 2 lacs crores with China Only.
Also Read, India’s Trade deficit analysis : First quarter of 2017-18
India’s trade deficit analysis with top 50 countries
Period : April – Sep 2017
Values in rs. Crores
| Rank | Country | Export | Import | Total Trade | Trade Balance |
| 1 | CHINA P RP | 34,523 | 241,604 | 276,127 | -207,080 |
| 2 | U S A | 151,756 | 75,527 | 227,283 | 76,229 |
| 3 | U ARAB EMTS | 98,227 | 73,060 | 171,287 | 25,167 |
| 4 | HONG KONG | 50,685 | 36,404 | 87,089 | 14,282 |
| 5 | SAUDI ARAB | 16,303 | 63,805 | 80,108 | -47,503 |
| 6 | KOREA RP | 13,681 | 56,758 | 70,439 | -43,077 |
| 7 | GERMANY | 26,625 | 41,194 | 67,819 | -14,570 |
| 8 | SWITZERLAND | 2,902 | 62,409 | 65,311 | -59,507 |
| 9 | INDONESIA | 11,305 | 50,896 | 62,201 | -39,591 |
| 10 | SINGAPORE | 33,831 | 22,212 | 56,043 | 11,618 |
| 11 | AUSTRALIA | 13,731 | 41,656 | 55,387 | -27,926 |
| 12 | IRAQ | 4,488 | 47,454 | 51,942 | -42,966 |
| 13 | JAPAN | 14,918 | 34,058 | 48,976 | -19,140 |
| 14 | MALAYSIA | 16,285 | 29,106 | 45,391 | -12,820 |
| 15 | U K | 29,292 | 14,946 | 44,238 | 14,347 |
| 16 | IRAN | 9,970 | 30,622 | 40,592 | -20,652 |
| 17 | BELGIUM | 18,282 | 20,032 | 38,314 | -1,751 |
| 18 | UNSPECIFIED | 6,851 | 31,054 | 37,905 | -24,204 |
| 19 | VIETNAM SOC REP | 22,541 | 14,158 | 36,699 | 8,383 |
| 20 | RUSSIA | 6,924 | 27,176 | 34,099 | -20,252 |
| 21 | SOUTH AFRICA | 13,160 | 20,633 | 33,793 | -7,473 |
| 22 | NIGERIA | 6,507 | 26,426 | 32,933 | -19,919 |
| 23 | THAILAND | 11,010 | 21,467 | 32,476 | -10,457 |
| 24 | FRANCE | 15,288 | 17,046 | 32,335 | -1,758 |
| 25 | ITALY | 17,709 | 14,084 | 31,793 | 3,624 |
| 26 | QATAR | 3,835 | 24,211 | 28,046 | -20,376 |
| 27 | BRAZIL | 9,558 | 16,348 | 25,906 | -6,789 |
| 28 | BANGLADESH PR | 22,222 | 1,674 | 23,896 | 20,549 |
| 29 | CANADA | 7,340 | 15,518 | 22,859 | -8,178 |
| 30 | NETHERLAND | 15,898 | 6,396 | 22,294 | 9,503 |
| 31 | KUWAIT | 4,155 | 16,782 | 20,937 | -12,627 |
| 32 | MEXICO | 12,522 | 8,200 | 20,721 | 4,322 |
| 33 | VENEZUELA | 320 | 19,872 | 20,192 | -19,552 |
| 34 | TURKEY | 15,710 | 3,619 | 19,330 | 12,091 |
| 35 | NEPAL | 17,867 | 1,313 | 19,180 | 16,553 |
| 36 | TAIWAN | 6,123 | 12,132 | 18,255 | -6,008 |
| 37 | OMAN | 7,819 | 9,909 | 17,727 | -2,090 |
| 38 | SPAIN | 12,160 | 5,336 | 17,496 | 6,824 |
| 39 | ISRAEL | 9,636 | 6,716 | 16,352 | 2,920 |
| 40 | SRI LANKA DSR | 13,315 | 2,229 | 15,544 | 11,086 |
| 41 | EGYPT A RP | 8,565 | 3,763 | 12,328 | 4,802 |
| 42 | ARGENTINA | 2,400 | 9,392 | 11,791 | -6,992 |
| 43 | ANGOLA | 809 | 10,863 | 11,672 | -10,055 |
| 44 | GHANA | 2,182 | 7,647 | 9,829 | -5,465 |
| 45 | PERU | 2,387 | 6,853 | 9,240 | -4,466 |
| 46 | CHILE | 2,311 | 5,910 | 8,221 | -3,598 |
| 47 | UKRAINE | 984 | 6,888 | 7,872 | -5,903 |
| 48 | TANZANIA REP | 4,577 | 2,839 | 7,416 | 1,739 |
| 49 | PHILIPPINES | 4,725 | 2,631 | 7,356 | 2,094 |
| 50 | SWEDEN | 2,463 | 4,698 | 7,160 | -2,235 |
| Total of Top countries | 836,678 | 1,325,524 | 2,162,202 | -488,847 | |
| India’s Total | 937,701 | 1,419,493 | 2,356,925 | -481,792 | |
| % Share of Top countries | 89 | 93 | 92 | 101 |
