India is in South Asia. It has a large and diverse population. India has progressed tremendously in the last twenty years. It is a fast-growing economy and attracts investments all over the world. India is heavily dependent on imports and has a large trade deficit. The imports data India shows it imports over 6000 products from 140 countries around the globe.
International traders use Indian import data for comprehensive market analysis and make data-driven decisions. They can get the latest information about the market share of the product. Importers and exporters use the data to grab market share. They can study the shipment volume and price strategy of the business leaders. Traders examine India import data to discover market trends. They can examine the database and learn about other suppliers used by their clients. They can find opportunities to diversify into other products.
India import data shows that India imported goods worth 389.18 billion USD from April 2020 to March 2021. The import in the financial year was 18.02% lower than imports in 2019-20 when India imported goods worth 479 billion USD. The lower imports were attributed to the global pandemic.
India import data shows India top imported products were:-
- Mineral oil, fuels, and wax (28% of total imports)
- Electrical machinery and appliances (11.5% of total imports)
- Pearls, precious and semi-precious stones, precious metals, and jewelry (11.1% of total imports)
- Nuclear reactors, boilers, and mechanical machinery and equipment (9.64% of total imports)
- Organic chemicals (4.93% of total imports)
India imports 83% of oil requirements every year, but in 2020-21 oil imports declined by 37%.
As per imports data India, the top import partner of India are:-
- China (58 billion USD)
- The United States (26 billion USD)
- United Arab Emirates (23 billion USD)
- Saudi Arabia (17.7 billion USD)
- Iraq (16.1 billion USD)
China is India’s largest import partner. Imports from China are more than the combined imports from the United States and the UAE. The imports data India showed that imports from China fell by 10.8% showing the lowest import figure from 2016.
The Indian Trade data shows India’s largest importers are:-
- Reliance Industries Ltd
- Indian Oil Corporation
- Bharat Petroleum Corporation Ltd
- Adani Enterprises Ltd
- Vedanta Group
Export Import Data India 