Country Profiles
Key export market data for India's top 20 trading partners — FTA status, tariffs, and payment norms.
Showing 19 of 19 markets
United States
Americas · USD
Tariff range
0–32% (avg. 3.4%)
Payment terms
LC, Open Account, DA/DP
India's top exports
India's largest export market. No bilateral FTA — India-US TTA negotiations ongoing. GSP benefits lapsed 2019.
United Arab Emirates
Middle East · AED
India-UAE CEPA (2022)
Tariff range
0–5% (CEPA: 0% on most goods)
Payment terms
LC at sight, TT, DA 30–60 days
India's top exports
Zero-duty on most Indian goods under CEPA. Major re-export hub to GCC and Africa. Large Indian diaspora.
United Kingdom
Europe · GBP
India-UK FTA (under negotiation)
Tariff range
0–12% (post-Brexit UK global tariff)
Payment terms
Open Account, LC, DA 60–90 days
India's top exports
Post-Brexit UK has its own tariff schedule. FTA under negotiation — expected duty cuts on textiles and food.
Germany
Europe · EUR
Tariff range
0–12% (EU MFN rates)
Payment terms
Open Account, Bank Guarantee
India's top exports
EU's largest economy. No India-EU FTA yet — negotiations resumed 2022. CE marking required for most products.
Netherlands
Europe · EUR
Tariff range
0–12% (EU MFN rates)
Payment terms
Open Account, LC
India's top exports
Rotterdam is Europe's largest port — major entry point for Indian goods to EU. Same EU tariff regime as Germany.
Singapore
Asia-Pacific · SGD
India-Singapore CECA (2005)
Tariff range
0% (most goods duty-free)
Payment terms
TT, Open Account, LC
India's top exports
CECA grants preferential tariffs. Regional financial and logistics hub with easy re-export to ASEAN.
Japan
Asia-Pacific · JPY
India-Japan CEPA (2011)
Tariff range
0–20% (CEPA: reduced on textiles, seafood, chemicals)
Payment terms
LC at sight, DA/DP, Open Account
India's top exports
Quality-sensitive market. CEPA reduces duties on ~90% of traded goods. JIS and Japanese food standards apply.
Australia
Asia-Pacific · AUD
India-Australia ECTA (2022)
Tariff range
0–5% (ECTA: zero-duty on 85% of Indian exports)
Payment terms
LC, TT, Open Account
India's top exports
ECTA in force since Dec 2022. Pharma, textiles, and leather get immediate zero duty. Strong Indian diaspora.
South Korea
Asia-Pacific · KRW
India-Korea CEPA (2010)
Tariff range
0–8% (CEPA reduced on 85% of goods)
Payment terms
LC, DA/DP, Open Account
India's top exports
Strong demand for Indian textile yarns, chemicals, and generic pharma. Electronics and auto parts compete.
Bangladesh
South Asia · BDT
SAFTA (South Asian FTA)
Tariff range
0–3% under SAFTA
Payment terms
LC, TT, DP
India's top exports
India's largest South Asian export market. Land route via Petrapole-Benapole. Major buyer of Indian cotton.
Saudi Arabia
Middle East · SAR
Tariff range
5–15% (GCC common external tariff)
Payment terms
LC, TT
India's top exports
GCC-India FTA negotiations ongoing. Halal certification required for food products. Large Indian expatriate community.
China
Asia-Pacific · CNY
Tariff range
0–25% (MFN; anti-dumping duties on some goods)
Payment terms
TT, LC
India's top exports
India's largest trading partner but trade deficit is high. Anti-dumping duties on some Indian exports. Quality bars are high.
France
Europe · EUR
Tariff range
0–12% (EU MFN rates)
Payment terms
Open Account, LC
India's top exports
Strong market for Indian luxury leather, gems, and spices. EU food safety (RASFF) standards strictly enforced.
Belgium
Europe · EUR
Tariff range
0–12% (EU MFN rates)
Payment terms
Open Account, LC
India's top exports
Antwerp is the world's diamond capital — critical market for Indian gem exports. Port of entry for EU goods.
Malaysia
Asia-Pacific · MYR
Tariff range
0–30% (MFN rates)
Payment terms
LC, TT, DA/DP
India's top exports
No bilateral FTA. Halal certification is a strong market advantage for food products. ASEAN gateway.
South Africa
Africa · ZAR
Tariff range
0–45% (SACU tariffs)
Payment terms
LC, TT
India's top exports
Gateway to Sub-Saharan Africa. Strong demand for Indian generics and auto components. Port of Durban is key.
Brazil
Americas · BRL
Tariff range
10–35% (Mercosur common tariff)
Payment terms
LC, TT
India's top exports
High tariff market but large economy. Pharma and chemicals see strong demand. India-Mercosur PTA exists but limited.
Vietnam
Asia-Pacific · VND
Tariff range
0–35% (MFN)
Payment terms
LC, TT, DA/DP
India's top exports
Fast-growing manufacturing hub. India exports raw materials (cotton, steel) consumed in Vietnam's export factories.
Nepal
South Asia · NPR
India-Nepal Treaty of Trade
Tariff range
0–5% (preferential rates under treaty)
Payment terms
TT, DP
India's top exports
Open border with India. Nepal is heavily dependent on Indian exports. Land trade through major border checkpoints.