🔻 BIGGEST TRADE DEFICITS
🇨🇳 CHINA shows the largest deficit at -$106B, making it India’s biggest trade imbalance.
🇷🇺 RUSSIA follows with a - $61.5B deficit, mainly due to energy imports.
🇮🇶 IRAQ records - $26.6B, driven largely by oil purchases.
🇦🇪 UNITED ARAB EMIRATES shows - $18.6B deficit.
🇸🇦 SAUDI ARABIA and 🇮🇩 INDONESIA also contribute large deficits with - $17B+ each.
Other notable deficits include 🇯🇵 JAPAN, 🇰🇷 SOUTH KOREA, 🇶🇦 QATAR, 🇹🇭 THAILAND, and 🇦🇺 AUSTRALIA.
🟢 COUNTRIES WITH TRADE SURPLUS
Despite major deficits, India has strong trade surpluses with several partners:
🇺🇸 UNITED STATES leads with a $44.8B surplus, the largest positive balance.
🇬🇧 UNITED KINGDOM shows about $6.84B surplus.
🇫🇷 FRANCE and 🇮🇹 ITALY also show $3B+ surpluses.
🇸🇬 SINGAPORE, 🇧🇷 BRAZIL, and 🇲🇽 MEXICO contribute additional positive balances.
📈 KEY INSIGHT
The treemap reveals a two-sided trade story:
Heavy energy and industrial imports create large deficits with Asian and oil-producing countries.
Meanwhile, strong exports to Western markets—especially the United States—generate major surpluses.
⚖️ BOTTOM LINE: India’s global trade remains highly dependent on energy imports and manufacturing supply chains, while services, technology products, and pharmaceuticals drive surpluses in developed markets. 🌍📊