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In the year 2024–2025, gold and its finished items (HS code 71) were the second-largest traded items with 55.846 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition, and a significant amount of this Gold is being imported from Japan as Gold Chemical Compounds to save duty and import tax free under India ...
India is the second biggest oil importer after China and is highly dependent on imported crude oil. [27] The net imports of crude oil rose from 171.73 Mt during 2011–12 to 226.95 Mt during 2020–21. The net imports of natural gas increased from 18 BCM in 2011–12 to 32.86 BCM in 2020–21, recording a CAGR of 9.44%.
Leading export good Year 1 Gujarat: 146,485 33.55% Petroleum products 2022/23 2 Maharashtra: 72,498 16.60% Engineering goods 2022/23 3 Tamil Nadu: 40,673 9.32% Engineering goods 2022/23 4 Karnataka: 27,884 6.39% Petroleum products 2022/23 5 Uttar Pradesh: 21,686 4.97% Electronic goods 2022/23 6 Andhra Pradesh: 19,843 4.54% Engineering goods ...
India is spending more money on semiconductor imports than on oil, according to research published in 2019 by Professor Vikram Kumar, an emeritus professor of physics at IIT Delhi. [29] According to a Ministry of Commerce and Industry report, one of the six industries that could assist India in reaching over 70% of its target of $1 trillion in ...
This is a list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
Service exports refer to the cross-border sale or supply of services by residents of one country to residents of another country. Some countries have significantly high export figures relative to their economy's size (i.e. Netherlands, Singapore and UAE) due to their high amount of re-exports.
For information on exports, see Export. For Harmonized Codes, see Harmonized System. The following is a list of export product categories that were exported the most and fetched foreign currency for India. The list includes the HS Codes and the value of the product exported. The data referenced in the system do not have any legal sanctity and ...
Country Imports (millions of $) . Year United States 3,375,948 2022 European Union [n 1] 2,743,745 [3]: 2022 China 2,706,601 2022 Germany 1,571,057 2022 Japan 898,099 ...