In the trade business of import-export, surplus countries are those countries whose total value of yearly exports is bigger than their imports value. The surplus trade of a country shows a net inflow of domestic currency from foreign market. In the past year, there are lots of major countries which India incurred the highest trade surplus including the United States, United Arab Emirates, Hong Kong, Bangladesh, United Kingdom, Nepal, Sri Lanka, Turkey, Netherlands and Vietnam. These countries play a very important role in taking the Indian business of trade at the highest peak of success by buying wide range of commodities from India.
Indian surpluses with the United States are increased at the fastest rate by approximately 590%, Nepal (improved by around 354%) and Hong Kong (grew up by 226.8%) since 2009. With the reference of Indian export and import data, country-specific trade surplus in 2016 of the United States is US$21 billion dollars, United Arab Emirates ($11.4 billion dollars), Hong Kong ($6.1 billion dollars), Bangladesh ($5 billion dollars), United Kingdom ($4.7 billion dollars), Nepal ($4.1 billion dollars), Sri Lanka ($3.5 billion dollars), Turkey ($3.3 billion dollars), the Netherlands ($3.1 billion dollars) and Vietnam ($2.8 billion dollars).
According to a recent Indian export and import data, since 2009, India showed a major hike in the global import-export trade business and became 14th largest importer and 16th largest exporter in the world. India exported $276 billion dollars’ worth of commodities to other foreign lands and imported $368 billion dollars from them. These statistics of Indian export and import data are very important to understand for everyone involved in this business as it helps in examine the ups and downs of trade market and background check. All these relevant information can be obtained from Indian export and import data which is easily available online on various import-export data providing websites.
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