What does India Import from Global Countries? India’s Top 10 Imports

29 January 2018
India Imports Data

India imported USD 356 billion worth of products around the world in 2016. This figure declined from 2015’s USD 390 billion. And month-wise import data of India available till Sept 2017 shows that India’s total imports amounted to USD 31 billion in Jan, USD 33 billion in Feb, USD 39 billion in Mar, USD 38 billion in Apr, USD 37 billion in May, USD 36 billion in Jun, USD 33 billion in Jul, USD 35 billion in Aug and USD 37 billion in Sept last year. These India import statistics have been released from Export Genius report on India’s top imports. So, let’s just don’t waste time and find out more about what does India import mostly from the world countries right here.



List of Products Imported in India


Mineral fuel is the largest imported product under HS Code at 2-digit level. And crude petroleum oil is imported the most in India. After mineral fuels, gems & precious metals are 2nd main import items of India. According to import data India, gold is the largest import product under Chapter 71. So, the main import goods of India are mineral fuels, gems & precious metals, electrical machinery & equipment, machinery, nuclear reactors & boilers, organic chemicals, plastics, animal or vegetable fats & oils, iron & steel, optical, photographic & medical equipment and ships, boats & bloating structures. Here is an outlook of 10 major imports of India.      



HS Code

Product Description

2016 Share in Value

27

Mineral Fuels

25%

71

Gems & Precious Metals

13%

85

Electrical Machinery & Equipment

10%

84

Machinery, Nuclear Reactors & Boilers

9%

29

Organic Chemicals

4%

39

Plastics

3%

15

Animal or Vegetable Fats & Oils

2.98%

72

Iron and Steel

2.94%

90

Optical, Photographic & Medical Equipment

2.44%

89

Ships, Boats and Boating Structures

2.03%

 

India’s top import source is China, which share 17% value to total commodities. After China, the United States of America, United Arab Emirates, Saudi Arabia and Switzerland are the largest import partners of India. USA shared about 6%, UAE shared about 5%, Saudi Arabia shared about 5% and Switzerland shared about 4% value to total imports in 2016. Let’s analyse top imports of India in detail. 


 

Mineral Fuels



Mineral fuels and related products, which come under Chapter 27, stood as the largest import product in 2016 and 2017. Since 2012, the import value of mineral fuels has been falling and it settled at USD 89 billion in 2016 from USD 185 billion in 2012. If we see India import data 2017 available till September, it shows that India imported mineral fuels worth USD 30 billion in Q1, USD 28 billion in Q2 and USD 29 billion in Q3 of last year. The country’s imports of crude petroleum oil registered maximum value under mineral fuel & oil industry, which shared 17% to total imports of mineral fuel products.


India’s largest import partner of mineral fuels and oils is Saudi Arabia, which recorded USD 13 billion value in 2016. And in third quarter of 2017, India imported crude oil worth USD 3 billion from Saudi Arabia. Iraq and United Arab Emirates stood as the 2nd and 3rd largest import partner of India in terms of mineral fuels.



Gems & Precious Metals



Gems & precious metals, which come under Chapter 71, are the 2nd most imported products in India. The import value of these products recorded USD 48 billion in 2016, which declined from the previous year. The India import statistics of gems & precious metals available till Sept 2017 shows that Q1 recorded USD 17 billion, Q2 recorded USD 22 billion and Q3 recorded USD 15 billion import value of the products. Under this industry, gold is imported the most, followed by diamond. The import value gold and diamond in 2016 amounted to USD 22 billion and USD 18 billion respectively.


India’s largest import partner of gems & precious metals is Switzerland with 27.5% share in value, followed by United Arab Emirates with 16% share in value and Belgium with 12.4% share in value.


Also, read Gold Import in India


 

Electrical Machinery & Equipment



Electrical machinery and equipment, which comes under Chapter 85, is the 3rd major import products of India. It recorded USD 37 billion value in 2016. And in Q1, Q2 and Q3 of 2017, total imports of electrical machinery and equipment accounted to USD 10 billion, USD 11 billion and USD 12 billion respectively. Telephone sets recorded maximum import value of USD 14 billion in this industry.


Also, read Electrical Machinery Import Export Data


India’s top import partner of electrical machinery and equipment is China, followed by South Korea and the United States of America. China recorded highest share in value of whopping 56.4% in 2016. And South Korea and USA recorded 6.6% and 4.6% share in value respectively in this year. That means India’s maximum electrical machinery and equipment comes from China.



Machinery, Nuclear Reactors & Boilers



Machinery, nuclear reactors and boilers at 2-digit level are the 4th top import products of India, which recorded USD 32 billion import value in 2016. The last year India import data of machinery up to September month shows that third quarter registered maximum import value of USD 9 billion. India’s imports of machinery and other similar products in this industry amounted to USD 8 billion each in Q1 and Q2 of 2017. Automatic data processing machines with USD 4 billion value recorded in 2016 stood as the largest imported product under Chapter 84.


As we know China is the biggest market of machines, so India imported machinery and other similar products valued USD 10 billion from this country in 2016. It was followed by the United States of America and Germany with about USD 4 billion and USD 3 billion respectively.   



Organic Chemicals



Organic chemical is the 5th most imported product of India, which USD 14 billion import value in 2016. Organic chemicals, which come under Chapter 29, recorded USD 4.1 billion, USD 4.5 billion and USD 4.3 billion import value in Q1, Q2 and Q3 of 2017 respectively. Cyclic hydrocarbons were the top import organic chemicals of India in 2016, which registered USD 2 billion value.


India imported organic chemicals maximum from China, which recorded 37.8% share in value. It was followed by Saudi Arabia and Singapore with 10.2% and 7.1% share in value respectively.


Also, read Organic Chemicals Global Import Export Data Report



Plastics



Imported plastics and plastic articles registered the fastest-growing increase in the value among the top 10 import products in India. India imported plastics and articles worth USD 11 billion in 2016. And in Q1, Q2 and Q3, the import value of plastics recorded USD 2.7 billion, USD 3.5 billion and USD 3.4 billion respectively. Polymers of ethylene stood as the largest imported product of India under plastic industry, which recorded USD 2 billion values in 2016.


Plastics, which come under Chapter 39, are imported the most from China into India with USD 1.8 billion share in value recorded in 2016. It was followed by South Korea and the United States of America with USD 1.2 billion and USD 0.9 billion share in value respectively.


Also, read Plastics Global Trade Data Report 


  

Animal or Vegetable Fats & Oils



Animal or vegetable fats & oils (Chapter 15) also come under list of items imported in India. Since 2014, the import value of these products has been recording almost similar till 2016, which was USD 10 billion. While, in Q1, Q2 & Q3 of 2017, the import figure of animal or vegetable fats & oils recorded USD 2.8 billion, USD 3.1 billion and USD 3.2 billion respectively. India’s top imports of animal or vegetable fats & oils category is palm oil. It imported palm oil worth USD 1.8 billion in 2016. It shared 56.7% value to total animal or vegetable oil imports in the given year. Soyabean oil and sunflower seed is the 2nd and 3rd largest import product in this category with share in value of 26.5% and 13.2% recorded in this year respectively.


As we know Indonesia is the largest producer and exporter of palm oil and other similar animal or vegetable fats and oils; India imports of these products were the highest from Indonesia in 2016. Indonesia shared 35.2% value to total India’s imports of animal or vegetable fats & oils in the given year. In fact, India imported these oils worth USD 3.6 billion in the given year. Argentina and Malaysia stood as the 2nd and 3rd largest India’s import partners of animal or vegetable fats & oils with 23.2% and 19.1% share in value respectively.



Iron and Steel



Iron and steel is also among top import products of India with USD 8 billion value recorded in 2016. While, imports of iron and steel valued at USD 2 billion, USD 2.3 billion and USD 3.2 billion in Q1, Q2 and Q3 of 2017 respectively. India imported iron and steel, which comes under Chapter 72, maximum from China with 18.9% share in value in 2016, which was followed by South Korea with 18% share in value and Japan with 11.2% share in value.



Optical, Photographic & Medical Equipment



In the list of goods imported in India, optical, photographic & medical equipment of Chapter 90 also comes. In 2016, the import value of this category recorded USD 7 billion. And in Q1, Q2 and Q3 of 2017, the imports of optical, photographic & medical equipment valued at about USD 1 billion, USD 2 billion and USD 2 billion respectively. India imported instruments and appliances used in medical or surgical the most under this category in 2016.


India’s largest import partner of optical, photographic and medical equipment is the United States of America with 19.9% share in value recorded in 2016. It is followed by China and Germany with 18.1% and 14% share in value respectively.



Ships, Boats and Bloating Structures



In top 10 Indian imports list, ships, boats and bloating structures are the last most imported products. The country imported these commodities under Chapter 89 worth USD 5 billion in 2016. India’s biggest import partner of ships, boats & bloating structures is China with 32.5% share in value recorded in 2016, followed by Singapore with 10.3% share in value and Japan with 9.4% share in value.


So, these are the top 10 imports of India listed by Export Genius. Our India imports data gives a comprehensive outlook of the country largest import products and import partners. It is actually based on actual shipments and customs-based information that are received from our trusted sources. Our India import data covers wide-ranging fields including – genuine importers in India, foreign exporters, HS Code, product description, value, quantity, port, origin country and so on.


To buy our market research report and data, e-mail us at info@exportgenius.in.


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