Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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India | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2020

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The value of merchandise exports from India totalled $ 275 billion in 2020. Overall commodity exports from India decreased by 14.7% compared to 2019. Merchandise exports decreased by $ 47 billion (the value of merchandise exports from India amounted to $323 billion in 2019)

India's exports 2020 by country

Top export destinations of commodities from India in 2020:

  • USA with a share of 17.9% (49 billion US$)
  • China with a share of 6.89% (19 billion US$)
  • United Arab Emirates with a share of 6.51% (17.9 billion US$)
  • Hong Kong with a share of 3.46% (9.53 billion US$)
  • Singapore with a share of 3.01% (8.29 billion US$)
  • Bangladesh with a share of 2.87% (7.91 billion US$)
  • United Kingdom with a share of 2.81% (7.76 billion US$)
  • Germany with a share of 2.77% (7.65 billion US$)
  • Netherlands with a share of 2.27% (6.26 billion US$)
  • Malaysia with a share of 2.24% (6.19 billion US$)

Exports structure from India in 2020 represented by the following main commodity groups:

  • 10% (27 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 8.87% (24 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 6.68% (18.4 billion US$): 30 - Pharmaceutical products
  • 6.52% (17.9 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.32% (17.4 billion US$): 29 - Organic chemicals
  • 4.88% (13.4 billion US$): 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
  • 4.71% (12.9 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.85% (10.6 billion US$): 72 - Iron and steel
  • 3.14% (8.67 billion US$): 10 - Cereals
  • 2.39% (6.59 billion US$): 39 - Plastics and articles thereof

What did India export in 2020?

India's Top Exports in 2020:

  • 9.5% ($26 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
  • 6.03% ($16.6 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
  • 5.52% ($15.2 billion): 7102 - Diamonds, whether or not worked, but not mounted or set
  • 2.89% ($7.98 billion): 1006 - Rice
  • 2.77% ($7.65 billion): 7113 - Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal
  • 1.67% ($4.62 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
  • 1.5% ($4.14 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 1.42% ($3.93 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
  • 1.42% ($3.91 billion): 7601 - Unwrought aluminium
  • 1.4% ($3.88 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 $ 367 billion in 2020. Overall commodity imports to India decreased by 23% compared to 2019. Merchandise imports decreased by $ 110 billion (the value of merchandise imports to India was equal to $478 billion in 2019)

India's imports 2020 by country

Top trading partners (import sources) of India in 2020:

  • China with a share of 15.9% (58 billion US$)
  • USA with a share of 7.23% (26 billion US$)
  • United Arab Emirates with a share of 6.49% (23 billion US$)
  • Saudi Arabia with a share of 4.81% (17.7 billion US$)
  • Iraq with a share of 4.39% (16.1 billion US$)
  • Hong Kong with a share of 3.96% (14.5 billion US$)
  • Singapore with a share of 3.34% (12.3 billion US$)
  • Korea with a share of 3.3% (12.1 billion US$)
  • Indonesia with a share of 3.26% (12 billion US$)
  • Switzerland with a share of 3.07% (11.3 billion US$)

Imports structure to India in 2020 represented by the following main commodity groups:

  • 28% (104 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 11.6% (42 billion US$): 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
  • 11.1% (41 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 9.56% (35 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.93% (18.1 billion US$): 29 - Organic chemicals
  • 3.25% (11.9 billion US$): 39 - Plastics and articles thereof
  • 2.87% (10.5 billion US$): 15 - Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
  • 2.23% (8.21 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.05% (7.55 billion US$): 72 - Iron and steel
  • 1.95% (7.17 billion US$): 31 - Fertilizers

What did India import in 2020?

India's Top Imports in 2020:

  • 17.5% ($64 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 5.95% ($21 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 4.32% ($15.8 billion): 7102 - Diamonds, whether or not worked, but not mounted or set
  • 4.31% ($15.8 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 4.14% ($15.2 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 3.45% ($12.7 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
  • 2.28% ($8.41 billion): 8542 - Electronic integrated circuits and microassemblies
  • 1.97% ($7.28 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
  • 1.59% ($5.87 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
  • 1.39% ($5.11 billion): 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified

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