Japan: Merchandise exports decelerate in June
Yen-denominated merchandise exports rose 5.4% in annual terms in June, down from May’s 13.5% rise. June’s result marked the weakest...
Merchandise Imports in India
Merchandise imports in India were worth USD 709 billion in 2022, compared to USD 450 billion ten years earlier. The value averaged USD 483 billion over the last decade. For more imports information, visit our dedicated page.
India Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for India from 2017 to 2016.
Source: Macrobond.
India Merchandise Imports Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 475 | 394 | 613 | 716 | 675 |
| Merchandise Imports (ann. var. %) | -7.7 | -16.9 | 55.4 | 16.8 | -5.7 |
Merchandise exports increase at a slower rate in June
Merchandise exports climbed 2.6% year on year in June (May: +9.1% yoy). Meanwhile, merchandise imports rose 5.0% on an annual basis in June (May: +7.7% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 21.0 billion shortfall in June (May 2024: USD 23.8 billion deficit; June 2023: USD 19.2 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 245.9 billion deficit in June, compared to the USD 244.1 billion deficit in May.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indian merchandise imports projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise imports forecast available for Indian merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indian merchandise imports projections.
Want to get access to the full dataset of Indian merchandise imports forecasts? Send an email to info@focus-economics.com.
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