India is Togo's third largest destination for exports. In particular, India is a major importer of phosphates from Togo. Bilateral trade between India and Togo grew from US$505 million in 2011-12 to $884 million in 2014-15. Trade declined slightly to $757.28 million in 2015-16. India exported $532.19 million worth of goods to Togo, and imported $225.09 million in 2015-16.[4]

The main commodities exported by India to Togo are mineral fuels, mineral oils and products of their distillation, cereals and preparation of cereals cotton, articles of apparel and clothing, iron and steel articles, man-made filaments, man-made staple fibers, drugs and pharmaceuticals, machinery and mechanical appliances, plastic and plastic articles, rubber and rubber articles, vehicles, and vehicle parts and accessories. The major commodities imported by India from Togo are natural phosphates, ferrous and copper waste and scrap, wood and wood articles, other metal scrap, oilseeds, coconuts and Brazil nuts.

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) of India organized an Indian Textile Exhibition (INTEXPO 2013) in Togo in March 2013. The Indian Institute of Foreign Trade (IFFT), New Delhi organized an Executive Development Program in Lomé in August 2013.[4] Around 20 Togolese businessmen attended the 12th India-Africa Summit in New Delhi in March 2017.