India - Merchandise imports (current US$)

The value for Merchandise imports (current US$) in India was 372,854,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 514,464,000,000 in 2018 and a minimum value of 2,124,000,000 in 1970.

Definition: Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars.

Source: World Trade Organization.

See also:

Year Value
1960 2,303,000,000
1961 2,286,000,000
1962 2,362,000,000
1963 2,477,000,000
1964 2,876,000,000
1965 2,838,000,000
1966 3,440,000,000
1967 2,773,000,000
1968 2,570,000,000
1969 2,212,000,000
1970 2,124,000,000
1971 2,424,000,000
1972 2,223,000,000
1973 3,211,000,000
1974 5,136,000,000
1975 6,381,000,000
1976 5,665,000,000
1977 6,647,000,000
1978 7,865,000,000
1979 9,827,000,000
1980 14,864,000,000
1981 15,418,000,000
1982 14,786,000,000
1983 14,061,000,000
1984 15,272,000,000
1985 15,928,000,000
1986 15,421,000,000
1987 16,675,000,000
1988 19,102,000,000
1989 20,549,000,000
1990 23,580,000,000
1991 20,448,000,000
1992 23,579,000,000
1993 22,788,000,000
1994 26,843,000,000
1995 34,707,000,000
1996 37,942,000,000
1997 41,432,000,000
1998 42,980,000,000
1999 46,979,000,000
2000 51,523,000,000
2001 50,392,000,000
2002 56,517,000,000
2003 72,558,000,000
2004 99,775,000,000
2005 142,870,000,000
2006 178,410,000,000
2007 229,370,000,000
2008 321,032,000,000
2009 257,202,000,000
2010 350,233,000,000
2011 464,462,000,000
2012 489,694,000,000
2013 465,397,000,000
2014 462,910,000,000
2015 394,131,000,000
2016 361,649,000,000
2017 449,925,000,000
2018 514,464,000,000
2019 486,059,000,000
2020 372,854,000,000

Limitations and Exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels.

Statistical Concept and Methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports