While China, Germany, and Japan currently have the largest trade surpluses, this does not present a complete picture since countries prioritize spending and selling differently. As of 2017, the U.S, China, Germany, the U.K., and France were the biggest importers while China, the U.S., Germany, Japan, India had trade deficit with as many as 10 member countries, including China, South Korea and Australia, of the RCEP grouping of 16 nations which have been negotiating a mega trade pact since November 2012. The Regional Comprehensive Economic Partnership (RCEP) block comprises 10 Asean group members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, That export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports. India incurred the highest trade deficits with the following countries: China: -US$57.3 billion (country-specific trade deficit in 2018) Saudi Arabia: -$22.9 billion; Iraq: -$21.2 billion U.S. trade deficit (in billions, goods and services) by country in 2017 This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2017 est. as listed in the CIA World Factbook .
In 2017, India exported $292B and imported $417B, resulting in a negative trade balance of $125B. In 2017 the GDP of India was $2.6T and its GDP per capita was $7.06k. The economy of India has an Economic Complexity Index (ECI) of 0.36 making it the 45th most complex country. More on India from our other sites 7 Feb 2020 As a result, India's trade deficit with China reduced from USD 63.05 billion to USD 53.57 billion in the said period. However, there are some reports of some goods of Chinese origin coming into India from other countries like
7 Feb 2020 As a result, India's trade deficit with China reduced from USD 63.05 billion to USD 53.57 billion in the said period. However, there are some reports of some goods of Chinese origin coming into India from other countries like 4 Jul 2019 Commerce Minister Piyush Goyal said in a written reply to the Lok Sabha that trade deficit depends upon relative fluctuations in the imports and exports of different commodities due to the global and domestic factors such as 1951 AD, Nepal's foreign trade was only with India and Tibet. Thus, Nepal's main issue of foreign trade is increasing trade deficit even after various issues and policies. These goods are exported to India and other countries like the USA,.
India's trade deficit, which reflects the excess of its merchandise imports over exports, has reached 7.7 percent appreciation in the value of the Rupee vis-à- vis other major currencies can make Indian exports dearer developing countries. 11 Oct 2019 India's $53bn trade deficit with China is by far the country's single-biggest with any economy, accounting for almost a Indian foreign minister Subrahmanyam Jaishankar told a business gathering in Singapore last month that
19 May 2019 Free trade pacts are not about only giving market access, but also getting that access in other countries. 12 Oct 2019 The two met in Mamallapuram in southern India and called for a new era in relations between the world's two most populous nations. Al Jazeera's Anchal Vora reports from Mamallapuram, India. Asia · India.