Business Studies

Which one of the following is not amongst India's major trading partners?


ANSWER

New Zealand


SOLUTION
India is a major trading partner of all of the mentioned countries except New Zealand. USA having the highest share as India's major trading partner.

Following are the 15 top trading partners of India – countries that imported the most Indian shipments (in dollar value) during 2017. Also shown is each import country’s percentage of total Indian exports.

  • United States: US$46.1 billion (15.6% of total Indian exports)
  • United Arab Emirates: $30 billion (10.1%)
  • Hong Kong: $15 billion (5.1%)
  • China: $12.5 billion (4.2%)
  • Singapore: $11.6 billion (3.9%)
  • United Kingdom: $9 billion (3%)
  • Germany: $8.2 billion (2.8%)
  • Vietnam: $8.1 billion (2.7%)
  • Bangladesh: $7.2 billion (2.4%)
  • Belgium: $6.2 billion (2.1%)
  • Italy: $5.7 billion (1.9%)
  • Malaysia: $5.5 billion (1.9%)
  • Nepal: $5.5 billion (1.9%)
  • Netherlands: $5.4 billion (1.8%)
  • Saudi Arabia: $5.2 billion (1.8%)

Over three-fifths (61.3%) of Indian exports in 2017 were delivered to the above 15 trade partners.

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