Political and trading relationships - India's imports and exports
India has successfully created relationships with other countries. India's Goods or services which enter a country. and Goods or services which leave a country. trebled between 2006 and 2012 and this has helped the country to become wealthier.
India's imports
India imports Basic material that goods are made from such as crops, metals, wood and animal products such as wool and leather. and products from many countries. The highest value of imports come from China, the United Arab Emirates (UAE), Saudi Arabia and the United States of America (USA).
India's biggest imports are Mixture of hydrocarbons, mainly alkanes, formed over millions of years from the remains of ancient dead marine organisms., gold, silver, electronic goods and Mechanically operated equipment, eg a tractor.. Oil and machinery are used to run factories. Gold, silver and electronic goods are luxury items, which shows that the country is becoming wealthier.
India's exports
India exports products to lots of different countries. The highest value of exports go to the USA, UAE, Singapore and China. The UK is the eighth biggest importer of Indian products.
India's biggest exports are Fuels such as diesel and oil., jewellery, Relating to medicines and drugs, and their production, sale and use. products, transport equipment and clothing. These are high value products. It is good for India to import cheaper raw materials and export more expensive finished products.