Indo-Japan trade increases to $ 18 bn in 2019: Exim Bank study

India Exim Bank’s study titled “ Prospects for Enhancing India Japan Trade Relations”has noted that over the past decade, India’s total trade with Japan has increased from $ 10 billion to almost $ 18 billion, with exports valued at US$ 5 billion and imports $ 13 billion in 2019.
However, despite having a Comprehensive Economic Partnership Agreement (CEPA) with Japan, India has been running a persistent trade deficit with Japan, which has more than doubled during the decade, to almost US$ 8 billion in 2019.