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India Trade Summary

2003

India exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR INDIA 2003

Overall Exports and Imports for India 2003

Exports and imports of India in 2003 are below, along with number of countries and products

  • The total value of exports (FoB) was 59,361 million.
  • The total value of imports (CIF) was 72,431 million.
  • At the HS6 digit level, 4,662 products were exported to 217 countries and 4,587 products were imported from 189 countries.

India top 5 Export and Import partners 2003

Top five countries to which India exported in 2003 are below, along with the percent of total exports that went to that country:

  1. India exports to United States worth US$ 11,187 million, with a partner share of 18.85 percent.
  2. India exports to United Arab Emirates worth US$ 4,232 million, with a partner share of 7.13 percent.
  3. India exports to Hong Kong, China worth US$ 3,417 million, with a partner share of 5.76 percent.
  4. India exports to United Kingdom worth US$ 2,769 million, with a partner share of 4.67 percent.
  5. India exports to China worth US$ 2,567 million, with a partner share of 4.32 percent.

Top five countries from which India imported goods in 2003 are below, along with percent of total imports that came from the country :

  1. India imports from Unspecified worth US$ 19,795 million, with a partner share of 27.33 percent.
  2. India imports from United States worth US$ 5,065 million, with a partner share of 6.99 percent.
  3. India imports from Belgium worth US$ 3,828 million, with a partner share of 5.28 percent.
  4. India imports from China worth US$ 3,615 million, with a partner share of 4.99 percent.
  5. India imports from Switzerland worth US$ 3,111 million, with a partner share of 4.30 percent.

India Top 5 Productsexports imports at HS 6 digit level 2003

The top five exported HS 6 digit level products to world by India along with trade value are:

  1. India exported Diamonds non-industrial nes excluding mounted o , worth US$ 8,611,470.30 million.
  2. India exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 3,354,306.15 million.
  3. India exported Art. of jewellery and pts thereof of/o prec mtl , worth US$ 1,606,881.50 million.
  4. India exported Semi-milled or wholly milled rice , worth US$ 911,440.29 million.
  5. India exported T-shirts, singlets and other vests, of cotton, , worth US$ 856,646.39 million.

The top five imported HS 6 digit level products from world by India along with trade value are

  1. India imported Petroleum oils and oils obtained from bituminou , worth US$ 18,076,397.63 million.
  2. India imported Diamonds non-industrial unworked or simply sawn , worth US$ 5,546,370.76 million.
  3. India imported Gold in unwrought forms non-monetary , worth US$ 4,152,065.03 million.
  4. India imported Transmission apparatus, for radioteleph incorpo , worth US$ 1,658,522.59 million.
  5. India imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,538,151.49 million.

Exports and Imports of Product Groups 2003

Exports and imports of products by stages of processing in 2003 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2003

Tariffs imposed by India in 2003 are below

  • The maximum rate of tariff in percentage on any product was 166 percent.
  • The simple average tariff across all products was 25.63 percent.
  • The trade weighted average tariff was 21.45 .
  • The total duty free imports in thousands of US dollars were 915,964.84 and duty free tariff line items share was 1.07 percent.

Development Indicators 2003

Key Development Indicators of India in 2003 are below

  • India GDP in current US dollar was 607,699 million.
  • GNI per capita, Atlas method (current US$) was 510.00 .
  • India Trade balance: as % of GDP was -0.70.
  • Trade balance in current US$ was -4,233.00 million.
  • Trade as percentage of GDP was 30.59 .
  • Trade in services as percentage of GDP was 8.03 .

Trade Indicators 2003

Trade Indicators for India in 2003 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 19.97.
  • World Growth in percentage was 8.09 and India Country Growth was 11.91 .