The share of top 15 countries was almost same (72.9%) in 2009 as compared to 72.6% in 2008.

The ranks of top 8 countries remains the same (number one being USA, followed by UK, Bangladesh, Sri Lanka, etc.). There has been changes in the ranks of the countries from 9 to 15. Nepal is the new entry to top 15 in place of Republic of Korea. While Russia and Malaysia have gained in the rank, Japan, China, Singapore and Italy have lost rank.

The share of USA has marginally increased from 15.2% in 2008 to 15.7% in 2009 even though the absolute number of FTAs have marginally decreased during this period for USA.

The largest decline in the share, from 10.3% in 2008 to 9.0% in 2009, is for Bangladesh (rank 3).

The Share of other top 15 countries have seen only marginal changes in 2009 as compared to 2008.

Out of the total decline of 1.74 lakh in the FTAs in 2009 as compared to 2008, top 15 countries accounts for 65% of the decline.

The largest decline of 48% was observed for Bangladesh followed by UK 16%, and Japan 12%.

Sri Lanka, Malaysia, Russia and Australia have even seen an increase in the FTAs of 12.7%, 10.7%, 3.8%, and 1.5% respectively in 2009 over 2008.

Among other countries largest positive growth during 2009 over 2008 was observed for Kenya (63.1%), followed by Afghanistan (56.5%), Nigeria (26.7%), Brazil (25.9%) and Argentina (18.5%). However, the individual share of these countries in total FTAs was very small.

As regards, the decline among other countries in FTAs in 2009 over 2008, it was highest for Pakistan (46.7%) followed by UAE (32.2%), Sweden (26.4%) and Bhutan (23.5%). Again these countries contributed quite less in the overall FTAs of the country.