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India imported US$480 billion worth of goods from around the globe in 2019, up by 22.8% since 2015 but down by -5.7% from 2018 to 2019.
India's imports data by World top exports
The
following product groups represent the highest dollar value in India’s import
purchases during 2019. Also shown is the percentage share each product category
represents in terms of overall imports into India.
Top Imports
1.
Mineral fuels including oil: US$153.5 billion (32% of
total imports)
2.
Gems, precious metals: $60 billion (12.5%)
3.
Electrical machinery, equipment: $50.4 billion (10.5%)
4.
Machinery including computers: $44.1 billion (9.2%)
5.
Organic chemicals: $20.5 billion (4.3%)
6.
Plastics, plastic articles: $14.6 billion (3.1%)
7.
Iron, steel: $11.6 billion (2.4%)
8.
Animal/vegetable fats, oils, waxes: $9.6 billion (2%)
9.
Optical, technical, medical apparatus: $9.5 billion (2%)
10. Fertilizers: $7.3 billion (1.5%)
India’s top 10 imports accounted for about four-fifths (79.4%) of the overall value of its product purchases from other countries.
Imported fertilizers posted the fastest increase in value among India’s top 10 import categories, up 23.3% from 2018 to 2019. The other top category to gain was machinery including computers via a 1.6% improvement.
Leading the
decliners were organic chemicals (down -9.3%), mineral fuels including oil (also
down -9.3%) then gems and precious metals (down -7.8%).
Note that the
results listed above are at the categorized two-digit Harmonized Tariff System
(HTS) code level.
Fuel
In 2019,
Indian importers spent the most on the following 10 subcategories of mineral fuels-related
products.
11. Crude oil: US$102.3 billion (down
-11.1% from 2018)
12. Coal, solid fuels made from coal: $23
billion (down -6.5%)
13. Petroleum gases: $17.4 billion (down
-8.8%)
14. Processed petroleum oils: $6.4
billion (up 11.8%)
15. Petroleum oil residues: $2.6 billion
(up 19.9%)
16. Coke, semi-coke: $1.1 billion (down
-38.3%)
17. Coal tar oils (high temperature
distillation): $490.2 million (down -17%)
18. Petroleum jelly, mineral waxes: $117
million (down -4.2%)
19. Tar pitch, coke: $37.1 million (down
-57.7%)
20. Electrical energy: $25.5 million
(down -18.2%)
Among
these import subcategories, Indian purchases of petroleum oil residues (up
19.9%) and processed petroleum oils (up 11.8%) grew from 2018 to 2019.
Precious
In 2019,
Indian importers spent the most on the following 10 subcategories of gems and
precious metals.
21. Gold (unwrought): US$32.2 billion (up
0.9% from 2018)
22. Diamonds (unmounted/unset): $22
billion (down -17.4%)
23. Silver (unwrought): $3 billion (down
-21.7%)
24. Precious/semi-precious stones
(unstrung): $1.3 billion (up 19.9%)
25. Jewelry: $601.8 million (down -9.2%)
26. Synthetic precious stones: $480
million (up 50.8%)
27. Platinum (unwrought): $284.5 million
(down -0.7%)
28. Imitation jewelry: $40.4 million (up
0.3%)
29. Precious stone dust, powder: $26.2
million (down -14.2%)
30. Pearls: $21.4 million (down -90.2%)
Among
these import subcategories, Indian purchases of synthetic precious stones (up
50.8%), unstrung precious and semi-precious stones (up 19.9%) then unwrought
gold (up 0.9%) grew at the fastest pace from 2018 to 2019.
Electronic
In 2019,
Indian importers spent the most on the following 10 subcategories of electric
items including consumer electronics.
31. Phone system devices including
smartphones: US$13.6 billion (down -27.7% from 2018)
32. Integrated circuits/microassemblies:
$9.9 billion (up 36.2%)
33. Solar power diodes/semi-conductors:
$3.2 billion (down -9%)
34. Electrical converters/power units:
$2.2 billion (up 1.3%)
35. TV receivers/monitors/projectors: $2
billion (down -3.5%)
36. TV receiver/transmit/digital cameras:
$1.9 billion (up 20.3%)
37. Electric storage batteries: $1.7
billion (down -1%)
38. Lower-voltage switches, fuses: $1.5
billion (down -3.8%)
39. TV/radio/radar device parts: $1.5
billion (up 18.9%)
40. Unrecorded sound media: $1.4 billion
(down -5.3%)
Among
these import subcategories, Indian purchases of integrated circuits and
microassemblies (up 36.2%), TV receivers, transmitters and digital cameras (up
20.3%) then TV radio and radar device parts (up 18.9%) grew at the fastest pace
from 2018 to 2019.
Machinery
In 2019,
Indian importers spent the most on the following 10 subcategories of machinery
including computers.
41. Computers, optical readers: US$6.6
billion (up 4% from 2018)
42. Turbo-jets: $3.9 billion (up 28.6%)
43. Miscellaneous machinery: $2.1 billion
(down -4.6%)
44. Air or vacuum pumps: $1.9 billion (up
6.1%)
45. Computer parts, accessories: $1.6
billion (up 1.4%)
46. Taps, valves, similar appliances:
$1.5 billion (up 4.1%)
47. Printing machinery: $1.4 billion
(down -10%)
48. Rubber/plastic article making
machines: $1.4 billion (up 35.4%)
49. Machinery parts: $1.4 billion (down
-5.8%)
50. Transmission shafts, gears, clutches:
$1.2 billion (down -0.7%)
Among
these import subcategories, Indian purchases of rubber or plastic article-making
machines (up 35.4%), turbo-jets (up 28.6%) then air or vacuum pumps (up 6.1%)
grew at the fastest pace from 2018 to 2019.