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India-SAARC Trade

Being the founding member of the South Asian Association of Regional Cooperation (SAARC), India has always emphasized the importance of greater regional integration at all levels for the socio-economic development of the South Asian region. In this regard, India continues to support various initiatives in the SAARC framework to achieve closer cooperation in diverse areas.

India is the biggest and the most industrialized trade partner of SAARC region
The total bilateral trade between India and SAARC was USD 25,726.73 million over 2019-20 and India’s exports amount to USD 21,892.12 million over the same period. India’s engineering exports to South Asia amounts to US$ 6818.84 million in 2019-20 compared to US$ 8242.22 million during 2018-19. Out of the total engineering exports, India’s exports of Agricultural machinery was valued at  US$ 204.58 million during 2019-20 compared to US$ 294 million during 2018-19, comprising a share of approximately 3% out of total engineering exports during 2019-20. Details of Group wise India’s export and import figures under agricultural machinery sector are given below:
 
India's Trade with SAARC 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 2.05 1.96 0 0
Balers, dryers and cleaning machines 6.3 4.35    
Harvesters and threshers 15.56 11.19 0.29 0.21
Machinery for soil preparation or cultivation 24.35 22.87 0 0
Mowers 1.31 1.75    
Poultry or bee keeping machinery including germination plant fitted equipment 4.75 4.03 0 0.01
Sprayers 0.78 3.2 0 0
Tractors and parts 236.24 152.64 0.09 0
Trailers 2.66 2.59 0.01 0.06
Grand Total 294 204.58 0.39 0.28
Source: DGCI&S
 
India's Trade with SAARC (*All values n USD Million)
Region 2016-2017 2017-2018 2018-2019 2019-2020
India's export to SAARC 19,222.14 23,100.90 25,348.82 21,892.12
Growth %   20.18 9.73 -13.64
India's Total Export 275,852.43 303,526.16 330,078.09 313,217.25
India's import from SAARC 2,813.40 3,202.66 4,363.02 3,834.61
Growth %   13.84 36.23 -12.11
India's Total Import 384,357.03 465,580.99 514,078.42 473,988.29
India's Total Trade with SAARC 22,035.54 26,303.56 29,711.84 25,726.73

 
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