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Top 10 countries India exporting merchandise to in 2024: US, UAE, and more

India's top 10 merchandise export destinations in 2024 list: Together, the top 10 countries notably make up 51% of India’s total share of merchandise export percentage in 2023-24, with the US leading at 17.90%,

Know India’s top 10 merchandise export destinations in 2024 (Image: Canva Pro)

India’s top 10 merchandise export destinations in 2024: Amid rising global economic instability, marked by trade conflicts and tariff disputes, India’s exports have reached USD 778.21 billion in 2023-24.

It saw a historic rise of 67 per cent over the past decade (2013-14), according to a Press Information Bureau (PIB) press report by the Ministry of Commerce and Industry.

India’s export growth over the years (Source: PIB)

Merchandise exports worth USD 437.10 billion and services exports of USD 341.11 billion in 2023-24 drove the rapid growth of India’s export ecosystem.

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India’s export ecosystem has been strengthened by strategic policy measures, increased competitiveness, and expanded market access, making it now more resilient and deeply tied into the global economy.

Regionally, North America has remained the predominant region for India’s exports from 2004 to 2024; however, there has been a marked increase in export values over the years.

READ | Top 10 largest textile-exporting countries: China, India, Bangladesh face rising global competition

North America has remained the leading region for India’s exports from 2004 to 2024, with a significant increase in export values over the years.

The United States (USA) leads as India’s top merchandise export destination with a share of exports at 17.90 per cent in 2023-24.

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It is followed by the United Arab Emirates at 8.2 per cent and the Netherlands at 5.16 per cent, rounding out the top 3.

Notably, the top 10 countries together combine for 51 per cent of India’s total share of merchandise export percentage, with the remainder making up 41.02 per cent in 2023-24.

India’s top 10 merchandise export destinations in 2024

Rank	Country	Share of Exports (%)
1	USA	17.90%
2	UAE	8.23%
3	Netherlands	5.16%
4	China	3.85%
5	Singapore	3.33%
6	UK	3.00%
7	Saudi Arabia	2.67%
8	Bangladesh	2.55%
9	Germany	2.27%
10	Italy	2.02%
Top 10 Countries		50.98%
Others		49.02%

Source: PIB – Ministry of Commerce & Industry

How will Trump’s reciprocal tariff impact this trade?

US President Donald Trump announced that imports from India to the country will attract an additional 25% tariff, along with the existing 25% rate, resulting in 50% tariffs and making India the nation facing the highest tariffs from the U.S.

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On August 7, the US’s reciprocal tariff of 25 per cent on India came into effect. This will result in India’s annual economic output (measured by the gross domestic product, or GDP) falling by more than half a percentage point, thereby hurting India’s growth.

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Cherry Gupta

Cherry Gupta is an Assistant Manager – Content at The Indian Express. She leads the Top 10 section, curating list-based features on key national and international developments, and manages daily news content. She also produces SEO-driven articles and collaborates with the Lifestyle team to conduct interviews with notable artists and write workplace culture features. ... Read More

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