In First two month of financial year 2016-17, we have analyzed top 25 countries that are India’s destination for export.
All Figures mentioned are in INR crore.
India’s top destination in world is USA, India exported to USA in tune of INR 45501 crore in Apr-May 2016. India’s total export in this duration was INR 285235 Crore. Almost 16% of total export was to USA only, followed by UAE, United Arab of Emirates i.e. INR 37,313 Crore. It was 13% of total export done from India. UAE was followed by Hong Kong INR 1359 croe then Singapore INR 9736 Crore and 5th position was hold by UK with INR 9501 crore.
However India’s export to USA stand at 45,501 crore but Import is Rs. 18223. Trade balance is in India’s favor with staggering INR 27278 Crore.
India’s total export in this duration has been INR 285235.18 crore and top 25 countries contributed 68.44 %.