Loading..

India Trade Summary

2023

India exports, imports, tariff by year.

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 2023

Overall Exports and Imports for India 2023

Exports and imports of India in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 431,412 million.
  • The total value of imports (CIF) was 672,140 million.
  • At the HS6 digit level, 4,418 products were exported to 226 countries and 4,316 products were imported from 213 countries.

India top 5 Export and Import partners 2023

Top five countries to which India exported in 2023 are below, along with the percent of total exports that went to that country:

  1. India exports to United States worth US$ 75,805 million, with a partner share of 17.57 percent.
  2. India exports to United Arab Emirates worth US$ 33,021 million, with a partner share of 7.65 percent.
  3. India exports to Netherlands worth US$ 23,108 million, with a partner share of 5.36 percent.
  4. India exports to China worth US$ 16,245 million, with a partner share of 3.77 percent.
  5. India exports to United Kingdom worth US$ 12,480 million, with a partner share of 2.89 percent.

Top five countries from which India imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. India imports from China worth US$ 121,967 million, with a partner share of 18.15 percent.
  2. India imports from Russian Federation worth US$ 67,071 million, with a partner share of 9.98 percent.
  3. India imports from United States worth US$ 42,116 million, with a partner share of 6.27 percent.
  4. India imports from United Arab Emirates worth US$ 37,541 million, with a partner share of 5.59 percent.
  5. India imports from Saudi Arabia worth US$ 34,644 million, with a partner share of 5.15 percent.

India Top 5 Productsexports imports at HS 6 digit level 2023

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

  1. India exported Petroleum oils, etc, (excl. crude); preparation , worth 84,963,281.53 (US$ Thousands).
  2. India exported Diamonds non-industrial nes excluding mounted o , worth 17,336,157.14 (US$ Thousands).
  3. India exported Other medicaments of mixed or unmixed products, , worth 16,237,588.19 (US$ Thousands).
  4. India exported Transmission apparatus, for radioteleph incorpo , worth 15,243,172.60 (US$ Thousands).
  5. India exported Art. of jewellery and pts thereof of/o prec mtl , worth 11,044,813.94 (US$ Thousands).

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 140,386,299.65 (US$ Thousands).
  2. India imported Gold in unwrought forms non-monetary , worth 42,480,205.63 (US$ Thousands).
  3. India imported Other coal, not agglomerated, nes , worth 35,940,397.65 (US$ Thousands).
  4. India imported Monolithic integrated circuits, digital , worth 19,150,841.98 (US$ Thousands).
  5. India imported Diamonds non-industrial unworked or simply sawn , worth 13,952,485.07 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by India in 2023 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 9.81 percent.
  • The trade weighted average tariff was 5.22 .
  • The total duty free imports in thousands of US dollars were 139,951,065.36 and duty free tariff line items share was 17.30 percent.

Development Indicators 2023

Key Development Indicators of India in 2023 are below

  • India GDP in current US dollar was 3,638,489 million.
  • GNI per capita, Atlas method (current US$) was 2,580.00 .
  • India Trade balance: as % of GDP was -2.10.
  • Trade balance in current US$ was -76,243.00 million.
  • Trade as percentage of GDP was 44.99 .
  • Trade in services as percentage of GDP was 14.18 .

Trade Indicators 2023

Trade Indicators for India in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 33.75.
  • World Growth in percentage was -3.13 and India Country Growth was -2.99 .