Foreign trade has been considered as the most important factor of economic relations between two countries and on which the development of these countries depends and it plays a significant role in the development of the country. The study was conducted basically on the problems of exporters and importers of the Mumbai region. The problems are categoriesed under Domestic Problems, Problems related to Government services, Financial Problems and Management problems. Further these problems are categorized according to the commodities and the data have been collected on exporter’s problems from 239 sample units and importers problems from 220 sample units, which are divided in 10 categories named as Automobiles and Accessories, Chemicals, Fertilizers, Dyes and Related Products, Building and Material, Computer and Accessories, Cosmetics and Beauty Products, Gems and Jewellery and Precious Stones, Consumer Durables and Home Appliances, Beverages, Agricultural and Marine, Apparel. The study contributes towards the minimization of the threats of problems and to overcome the situation. The policy factor of the government of India is altogether responsible to increase such kind of pathetic environment and situation.