How much trade is there between India and UK?

How much trade is there between India and UK?

The total trade between India and the UK is currently around $33 billion per year, including $15 billion worth of trade in goods and the rest in services. The UK is amongst India’s top ten exporting destinations while India is UK’s sixth-largest non-EU trading partner.

Do India have trade surplus with UK?

Although India enjoys a trade surplus with the UK, the latter’s exports to India have being growing steadily. The fastest expansion was in services, which experienced annual rises of seven percent over the last seven years. Britain has been the second fastest growing G20 investor in India, since 2010.

Who is the UK’s biggest trading partner?

List of the largest trading partners of United Kingdom

What is the current balance of trade in India?

In the long-term, the India Balance of Trade is projected to trend around -7300.00 USD Million in 2021 and -7200.00 USD Million in 2022, according to our econometric models.

What is the current trade gap between India and the US?

India trade gap was revised slightly lower to USD 12.62 billion in February of 2021 from a preliminary of USD 12.9 billion in February of 2021. Still, it remains higher than USD 10.16 billion a year earlier. Exports increased 0.7% to USD 27.93 billion, better than initial estimates of a 0.3 percent drop.

Where does India have a trade surplus with the US?

India records trade surpluses with the US, United Arab Emirates, Hong Kong, United Kingdom and Vietnam.

What was India’s trade deficit in September 2019?

India’s trade deficit narrowed to USD 10.86 billion in September 2019 from USD 14.95 billion in the corresponding month of 2018 and below market consensus of USD 12.85 billion. Merchandise exports dropped 6.57 percent to USD 26.03 billion, mostly due to lower sales of gems & jewellery (-5.56%);