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India's total merchandise trade has increased more than 300% since 2006, due to  exports and imports have trebled during this period.

The trend in exports has been shifting towards Asia, Africa regions, and UAE (biggest export market for India, closely followed by US). Asia is a key destination of India's exports, while Europe has declined in its share.

India's key exports in 2012 were petroleum products, followed by gems and jewellery, Pharmaceutical products, transport equipment, machinery and readymade garments.

While crude petroleum is India's biggest import product, and gold and silver, electronic goods, and pearls and precious stones are also top import for India.

India's top import source is China followed by the UAE, Switzerland and Saudi Arabia. 

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