India (IND) and Japan (JPN) Trade | The Observatory of Economic Complexity

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India-Japan In 2022, India exported $5.99B to Japan. The main products that India exported to Japan are Refined Petroleum ($379M), Crustaceans ($332M), and Raw Aluminium ($319M). During the last 27 years the exports of India to Japan have increased at an annualized rate of 2.99%, from $2.7B in 1995 to $5.99B in 2022.

In 2022, India did not export any services to Japan.

Japan-India In 2022, Japan exported $14.4B to India. The main products that Japan exported to India were Precious Metal Compounds ($1.33B), Refined Copper ($815M), and Motor vehicles; parts and accessories (8701 to 8705) ($684M). During the last 27 years the exports of Japan to India have increased at an annualized rate of 6.5%, from $2.63B in 1995 to $14.4B in 2022.

In 2009, Japan exported services to India worth $2.69B, with Services not allocated ($1.34B), Other business services ($423M), and Royalties and license fees ($404M) being the largest in terms of value.

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Latest Trends

February, 2024

About

Overview In February 2024, India exported $468M and imported $1.39B from Japan, resulting in a negative trade balance of $919M. Between February 2023 and February 2024 the exports of India have increased by $94.2M (25.2%) from $374M to $468M, while imports increased by $36.3M (2.69%) from $1.35B to $1.39B.

Trade In February 2024, the top exports of India to Japan were Marine Products ($31.3M), Pearl, Precs, Semiprecs Stones ($24.8M), Aluminium, Products Of Aluminm ($23.8M), Auto Components/Parts ($22.1M), and Residul Chemicl And Alled Prod ($21.8M). In February 2024 the top imports of India from Japan were Iron And Steel ($164M), Residul Chemicl And Alled Prod ($117M), Indl. Machnry For Dairy Etc ($99.1M), Copper And Prdcts Made Of Copr ($78.3M), and Plastic Raw Materials ($63.7M).

Growth In February 2024, the increase in India's year-by-year exports to Japan was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($7.97M or 96.7%), Auto Components/Parts ($6.66M or 43.3%), and Plastic Raw Materials ($5.5M or 465%). In February 2024, the increase in India's year-by-year imports from Japan was explained primarily by an increase in product imports in Iron And Steel ($77.6M or 89.3%), Electric Machinery And Equipme ($28.5M or 99%), and Machine Tools ($23M or 105%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$94.2M(25.2%)

IMPORT GROWTH (February 2023 - February 2024)$36.3M(2.69%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Japan and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $5.99B to Japan. The main products exported from India to Japan were Refined Petroleum ($379M), Crustaceans ($332M), and Raw Aluminium ($319M). During the last 27 years the exports of India to Japan have increased at an annualized rate of 2.99%, from $2.7B in 1995 to $5.99B in 2022.

In 2022, Japan exported $14.4B to India. The main products exported from Japan to India were Precious Metal Compounds ($1.33B), Refined Copper ($815M), and Motor vehicles; parts and accessories (8701 to 8705) ($684M). During the last 27 years the exports of Japan to India have increased at an annualized rate of 6.5%, from $2.63B in 1995 to $14.4B in 2022.

Exports from India () to Japan () (2022)

Exports from Japan () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Japan
Top DestinationUnited States$137B

This map shows whether countries import more from India or Japan. Each country is colored based on the difference in imports they receive from India and Japan or the difference in the growth in imports.

In 2021, countries that imported more from India than Japan were United Arab Emirates ($31.6B), Bangladesh ($13.8B), and Nepal ($8.66B).

In 2021, countries that imported more from Japan than India were China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

Difference in imports from Japan () and India () (2022)

Comparative Advantage India - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between India and Japan by product, considering products traded by both, India and Japan.

During 2022, India had a large net trade with Japan in the exports of Chemical Products ($1.29B), Machines ($913M), and Metals ($767M).

During 2022, Japan had a large net trade with India in the exports of Machines ($4.12B), Chemical Products ($3.31B), and Metals ($2.85B).

Service Trade

Bilateral Service Trade

Jpn Year

In 2009, Japan exported services to India worth $2.69B, with Services not allocated ($1.34B), Other business services ($423M), and Royalties and license fees ($404M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan () to India () (2009)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Japan. Similarly, the more yellow a dot/product is, the more Japan has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Japan () (2022)

Exports from Japan () to India () (2022)

Market Competitiveness

Difference in imports from Japan () and India () (2022)

Comparative Advantage India - Japan

Service Trade

Bilateral Service Trade

Services Exports from Japan () to India () (2009)

Economic Complexity

Competitive Landscape

Product Space of India () and Japan () (2022)

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