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India-ASEAN Trade

India's relationship with ASEAN is a key pillar of our foreign policy and the foundation of our Act East Policy. India-ASEAN ties have completed 25 years of their Dialogue Partnership, which further deepened ties in various sectors highlighting the strength of the relationship.

The importance of ASEAN in India’s foreign trade is evident from the fact that the India has one of the longest trade agreements with the region. The total bilateral trade between India and ASEAN was to the tune of USD 86,862.32 million during 2019-20 compared to 96795.04 million during 2018-19  and India’s total exports to the trade block was USD 31,492.51 million during 2019-20 among which India’s engineering exports to the region amounted to US$ 10589.8 million.  To further strengthen the bilateral relations the ASEAN-India FTA (AIFTA) came into existence from 1st of January 2010. Details of Group wise India’s export and import figures under agricultural machinery sector are given below:
 
India's Trade with ASEAN in Agricultural Machinery Sector (Value in US$ million)
Agricultural Machinery Group India's Export 2018-19 India's Export 2019-20 India's Import 2018-19 India's Import 2019-20
Agricultural hand tools 0.93 0.43 0.07 0.07
Balers, dryers and cleaning machines 0.93 0.74 0.17 0.06
Harvesters and threshers 3.38 2.69 14.78 9.59
Machinery for soil preparation or cultivation 10.9 10.9 1.94 1.48
Mowers 0.45 0.39 0 0
Poultry or bee keeping machinery including germination plant fitted equipment 0.59 0.49 2.95 2.45
Sprayers 0.72 1.07 0.31 0.29
Tractors and parts 93.19 93.18 40.17 57.71
Trailers 3.31 2.01 0.35 1.42
Grand Total 114.4 111.9 60.74 73.07
Source: DGCI&S

 
India's Trade with ASEAN (*All values n USD Million)
Region 2016-2017 2017-2018 2018-2019 2019-2020
India's export to ASEAN 30,961.62 34,203.70 37,473.72 31,492.51
Growth %   10.47 9.56 -15.96
India's Total Export 275,852.43 303,526.16 330,078.09 313,217.25
India's import from ASEAN 40,617.31 47,133.69 59,321.32 55,369.81
Growth %   16.04 25.86 -6.66
India's Total Import 384,357.03 465,580.99 514,078.42 473,988.29
India's Total Trade with ASEAN 71,578.93 81,337.39 96,795.04 86,862.32
Source: DGCI&S
 
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