In the year 2013–14, mineral fuels (HS code 27) were the largest traded item with 181.383 billion US$ worth imports and 64.685 billion US$ worth re-exports after refining.
In the year 2024–2025, gold and its finished items (HS code 71) were the second-largest traded items with 55.846 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition, and a significant amount of this Gold is being imported from Japan as Gold Chemical Compounds to save duty and import tax free under India-Japan Economic Partnership which is not only hurting import tax revenue but widening trade deficit.
[3] Counting the European Union (EU) as one, the World Trade Organisation ranks India fifth for commercial services exports and sixth for commercial services imports.
India's largest trade partners with their total trade (sum of imports and exports) in billions of US dollars for the financial year 2023–24 were as follows:[1] India is the primary export or import partner of several countries.
The percentages on these tables are based on 2017 data as shown on the CIA World Factbook.