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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%.
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.
India: 773,223 2023 Petroleum South Korea: 769,534 2023 Integrated circuits United Arab Emirates: 753,000 2022 [3] Petroleum Ireland: 731,813 2023 Serums and vaccines Canada: 717,677 2023 Petroleum Hong Kong: 673,305 2023 Integrated circuits Switzerland: 661,627 2023 Gold Mexico: 649,312 2023 Cars Spain: 615,829 2023 Cars Taiwan: 536,128 2022 [4]
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, the European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.
It's easy to assume that a big company, especially one that is a household name, might also be incredibly profitable, but that's not true for every company. Some are far more profitable than ...
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 ...
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 ...