Foreign trade registers a deficit of $203 billion; crude oil is India's most imported commodity, while refined petroleum oil and other petroleum products are its most exported commodities
India’s total foreign trade in this calendar year crossed the $1 trillion mark in November. India exported $422.23 billion worth of commodities and services, while imports stood at $625.87 billion till November. According to Ministry of Commerce and Industry data, India’s foreign trade registered a deficit of $203 billion for the 11 months of this calendar year; however, compared to the same period last year, it has decreased by $40 billion.