Imports in India
Merchandise exports contract in April
Merchandise exports sank 12.7% on an annual basis in April (March: -13.9% year-on-year). Meanwhile, merchandise imports plunged 14.1% in annual terms in April (March: -7.9% yoy), marking the weakest reading since September 2020.
As a result, the merchandise trade balance improved from the previous month, recording a USD 15.2 billion deficit in April (March 2023: USD 19.7 billion deficit; April 2022: USD 18.4 billion deficit). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 278 billion deficit in April, compared to the USD 283 billion deficit in March.
India Imports Chart
This chart displays Imports (USD billion) for India from 2013 to 2022.
India Imports Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 465 | 514 | 475 | 392 | 613 |