Merchandise trade as a share of GDP fell 3.75% to 29.2% in India in 2024, according to the National Statistical Office.
Historically, merchandise trade as a share of GDP in India reached an all time high of 43.0% in 2012 and an all time low of 6.54% in 1972. When compared to India's main peers, merchandise trade as a share of GDP in Bangladesh amounted to 25.6%, 32.9% in China, 23.8% in Pakistan and 31.9% in Sri Lanka in 2024.
India has been ranked 149th within the group of 168 countries we follow in terms of merchandise trade as a share of GDP, 8 places below the position seen 10 years ago.
| Merchandise Trade (As % of GDP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Afghanistan | % | 45.9% | 40.6% | 36.7% | 43.2% | 54.0% | ||||||||||||||||
| Bangladesh | % | 31.0% | 28.0% | 23.1% | 29.9% | 30.3% | ||||||||||||||||
| Bhutan | % | 64.0% | 60.5% | 63.1% | 72.4% | 77.1% | ||||||||||||||||
| China | % | 32.7% | 31.4% | 31.0% | 32.9% | 34.1% | ||||||||||||||||
| India | % | 31.0% | 28.6% | 24.3% | 30.6% | 35.1% | ||||||||||||||||
| Iran | % | 38.3% | 32.2% | 32.7% | 31.5% | 39.7% | ||||||||||||||||
| Japan | % | 29.5% | 27.9% | 25.3% | 30.3% | 38.6% | ||||||||||||||||
| Malaysia | % | 130% | 121% | 126% | 144% | 158% | ||||||||||||||||
| Maldives | % | 61.0% | 56.7% | 57.2% | 54.4% | 63.4% | ||||||||||||||||
| Myanmar | % | 53.0% | 48.7% | 43.8% | 44.4% | 55.4% | ||||||||||||||||
| Pakistan | % | 23.4% | 23.0% | 22.6% | 28.9% | 27.1% | ||||||||||||||||
| Russia | % | 41.8% | 39.8% | 38.4% | 43.5% | 37.9% | ||||||||||||||||
| Sri Lanka | % | 36.1% | 35.8% | 31.0% | 37.4% | 42.3% | ||||||||||||||||
| USA | % | 20.7% | 19.5% | 17.9% | 19.8% | 20.9% |
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