Karandikars & Associates

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Imports Major Commodities

Balance of Payments (BoP) statistics systematically summarises the economic transactions of an economy with the rest of the World for a specific period

The Reserve Bank of India (RBI) is responsible for compilation and dissemination of BoP data. BoP is broadly consistent with the guidelines contained in the BoP Manual of the International Monetary Fund

Balance of payment (BoP) comprises of current account, capital account, errors and omissions and changes in foreign exchange reserves

Under current account of the BoP, transactions are classified into merchandise (exports and imports) and invisibles

The data on merchandise trade are available from two sources namely;

  1. from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) on customs basis; and
  2. from RBI on payments (which includes both receipts and payments) basis

Imports under the BoP data are recorded on the basis of date of payment or date of disbursal of loans, which may differ significantly from the recording of imports at the Customs end on the basis of actual arrival of goods

Table below captures trend in India's Imports by major commodities in US dollar million

YearCotton Raw and Waste USD mnVegetable Oil USD mnPulses USD mnFruits and vegetables USD mnPulp and Waste paper USD mnTextile yarn Fabric etc USD mnFertilisers Crude and manufactured USD mnSulphur Unroasted Iron Pyrites USD mnMetaliferrous ores other minerals USD mnCoal Coke Briquettes USD mnPetroleum Crude Products USD mnWood and Wood products USD mnLeather and leather products USD mnOrganic and Inorganic Chemicals USD mnDyeing tanning colouring materials USD mnArtificial resins plastic materials USD mnChemical material and products USD mnNewsprint USD mnPearls precious Semi precious stones USD mnIron and Steel USD mnNon ferrous metals USD mnMachine tools USD mnMachinery electrical non electrical USD mnTransport equipment USD mnProject goods USD mnProfessional instrument Optical goods USD mnElectronic goods USD mnMedicinal and Pharmaceutical products USD mnGold USD mnSilver USD mnOther Commodities USD mnTotal Imports USD mn
2024-251219.317333.15477.33268.22014.12475.510225.6325.511100.131093.1185779.36971.4982.028417.54266.922509.412819.2414.018014.022640.324653.35662.253539.233166.61077.68414.398723.48937.358006.44827.335887.7720241.3
2023-24598.714871.73746.82920.61856.72277.610456.9211.29480.238881.9178732.76421.9912.826701.64928.522212.112743.1425.523831.523733.721428.64834.148870.530720.81321.47760.587857.08243.545542.25438.330252.1678214.8
2022-231438.720837.71943.92675.52117.92617.717206.8337.99404.749735.3209418.27241.21028.633441.93865.923510.612199.9521.430700.322483.219840.24406.745414.931329.51602.96938.077263.58104.835016.35294.628030.2715968.9
2021-22559.618991.62229.02640.71600.52065.514169.9475.08950.531718.3161810.56136.4818.830291.93960.220230.611148.0344.731007.917303.017601.74239.539942.520852.41356.06372.873674.29072.046165.63276.224046.7613052.1
2020-21385.911089.11611.72273.4851.11501.57597.3149.74626.116274.582683.94449.7579.819825.32734.013510.08441.2294.118888.012035.911716.63169.630084.518649.21498.94528.254287.96974.634603.9790.418329.6394435.9
2019-201328.49672.91440.12221.31143.01922.37468.1117.75088.922455.1130550.35612.21014.120617.12906.414633.77643.2700.622458.815369.413138.74193.137691.925284.72025.55024.154397.96459.928229.72727.821172.4474709.3
2018-19633.19890.31140.82143.91311.71900.07467.4217.17583.326177.8140920.66126.51057.723827.73221.915682.07707.6977.727075.717656.714733.04642.537852.424775.82375.65187.457377.36359.532910.13748.221397.4514078.4
2017-18979.311637.52908.32092.61154.61837.35376.3165.99096.922901.2108658.76027.31009.220631.52887.514487.76663.4776.734278.914617.612811.73519.632908.922732.52077.64754.652890.75480.733657.23213.823345.4465581.0
2016-17946.910892.74244.11783.4975.11502.55024.0131.26194.215759.986963.84891.8935.316598.42282.711964.05375.1849.923808.611683.09868.83034.628445.822687.72074.43857.241930.44995.027518.01839.225299.2384357.0
2015-16394.110492.13902.21853.3955.71715.18071.5217.17298.613667.682944.55048.1968.116586.42247.511794.65151.8805.420069.914977.59726.12757.529436.118227.82761.13621.740021.95440.031770.73742.724340.8381007.8
2014-15508.810621.52786.11665.7944.01691.57398.7286.49299.417802.6138325.55471.01005.118593.02447.812070.35306.0839.322598.216301.310746.13137.227979.118345.43631.43714.536857.15432.834407.24523.523297.0448033.4
2013-14394.59389.72119.31377.2767.51503.66263.9183.18455.216403.5164770.35127.3823.317446.82419.110464.54877.9887.923988.412686.08877.83064.427123.619297.54551.13601.432384.75245.828704.74540.022473.7450213.6
2012-13455.811265.12450.01247.5745.91437.38755.5319.59152.216995.9164040.65081.5739.316784.12170.09988.54859.8803.622689.617693.99037.93721.430765.721286.96554.33755.532892.75461.053820.61974.823790.4490736.6
2011-12221.08119.11971.61054.5720.31430.511124.3476.98112.717443.9154967.65024.3719.516717.52108.88834.94549.41030.428039.618254.78407.23977.233099.218724.78810.23593.634081.15184.056319.85155.021046.3489319.5
2010-11136.65688.81648.8877.1621.31100.46920.8241.36472.89804.1105964.43708.2636.813464.11599.07855.33823.5821.033829.714598.86539.32962.626128.814900.76144.42777.827939.14202.740546.91965.015849.4369769.1
2009-10261.74703.92240.4657.8464.9838.16693.2143.75432.38960.487135.93214.2460.810395.51210.45785.02982.7473.115925.911573.44498.72157.721321.314388.94682.72245.122228.13591.628641.2961.914102.6288372.9

For the year 2024-25, Petroleum Crude & Products: USD 185,779.3 Million (25.8% of Total), Electronic goods: USD 98,723.4 Million (13.7% of Total) and Gold: USD 58,006.4 Million (8.1% of Total), were the top three commodity categories under India's imports

These three collectively accounted for 47.6% of India's total imports of USD 720,241.1 million

View the trends graphically