Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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India | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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The value of merchandise exports from India totalled $ 431 billion in 2023. Overall commodity exports from India decreased by 4.69% compared to 2022. Merchandise exports decreased by $ 21 billion (the value of merchandise exports from India amounted to $452 billion in 2022)

India's exports 2023 by country

Top export destinations of commodities from India in 2023:

  • USA with a share of 17.5% (75 billion US$)
  • United Arab Emirates with a share of 7.65% (33 billion US$)
  • Netherlands with a share of 5.35% (23 billion US$)
  • China with a share of 3.76% (16.2 billion US$)
  • United Kingdom with a share of 2.89% (12.4 billion US$)
  • Singapore with a share of 2.78% (12 billion US$)
  • Bangladesh with a share of 2.6% (11.2 billion US$)
  • Saudi Arabia with a share of 2.51% (10.8 billion US$)
  • Germany with a share of 2.24% (9.66 billion US$)
  • Hong Kong with a share of 2.02% (8.73 billion US$)

Exports structure from India in 2023 represented by the following main commodity groups:

  • 20% (89 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 7.74% (33 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 7.49% (32 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 6.79% (29 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.93% (21 billion US$): 30 - Pharmaceutical products
  • 4.82% (20 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 4.51% (19.4 billion US$): 29 - Organic chemicals
  • 2.73% (11.8 billion US$): 72 - Iron and steel
  • 2.61% (11.2 billion US$): 10 - Cereals
  • 2.25% (9.74 billion US$): 73 - Articles of iron or steel

What did India export in 2023?

India's Top Exports in 2023:

  • 19.6% ($84 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 4.36% ($18.8 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 4.2% ($18.1 billion): 7102 - Diamonds, whether or not worked, but not mounted or set
  • 3.62% ($15.6 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 2.94% ($12.7 billion): 7113 - Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal
  • 2.42% ($10.4 billion): 1006 - Rice
  • 1.63% ($7.04 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 1.55% ($6.72 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 1.1% ($4.75 billion): 7601 - Unwrought aluminium
  • 1.02% ($4.44 billion): 0306 - Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine

The value of merchandise imports to India totalled $ 672 billion in 2023. Overall commodity imports to India decreased by 8.24% compared to 2022. Merchandise imports decreased by $ 60 billion (the value of merchandise imports to India was equal to $732 billion in 2022)

India's imports 2023 by country

Top trading partners (import sources) of India in 2023:

  • China with a share of 18.1% (121 billion US$)
  • Russia with a share of 9.97% (67 billion US$)
  • USA with a share of 6.26% (42 billion US$)
  • United Arab Emirates with a share of 5.58% (37 billion US$)
  • Saudi Arabia with a share of 5.15% (34 billion US$)
  • Iraq with a share of 4.43% (29 billion US$)
  • Indonesia with a share of 3.57% (24 billion US$)
  • Korea with a share of 2.92% (19.6 billion US$)
  • Japan with a share of 2.78% (18.7 billion US$)
  • Switzerland with a share of 2.76% (18.5 billion US$)

Imports structure to India in 2023 represented by the following main commodity groups:

  • 32% (220 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 11.3% (76 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 10.8% (72 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 8.48% (57 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.05% (27 billion US$): 29 - Organic chemicals
  • 3.36% (22 billion US$): 39 - Plastics and articles thereof
  • 2.81% (18.9 billion US$): 72 - Iron and steel
  • 2.46% (16.5 billion US$): 15 - Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
  • 1.87% (12.6 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 1.55% (10.4 billion US$): 31 - Fertilizers

What did India import in 2023?

India's Top Imports in 2023:

  • 20% ($140 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 6.34% ($42 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 5.51% ($37 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 3.69% ($24 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 3.27% ($21 billion): 7102 - Diamonds, whether or not worked, but not mounted or set
  • 2.85% ($19.2 billion): 8542 - Electronic integrated circuits and microassemblies
  • 2.46% ($16.5 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.72% ($11.5 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 1.41% ($9.53 billion): 8802 - Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles
  • 1.39% ($9.36 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included

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India | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023