Latest reading: Merchandise exports increased 0.6% over the same month last year in March (February: +13.7% year-on-year). March’s outturn marked...
Merchandise Imports in India
In the year 2024, the merchandise imports in India was USD 720.2 billion, compared to USD 448.0 billion in 2014 and USD 678.2 billion in 2023. It averaged USD 526.2 billion over the last decade. For more imports information, visit our dedicated page.
India Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for India from 2024 to 2016.
Source: Macrobond.
India Merchandise Imports Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 475 | 394 | 613 | 716 | 678 |
| Merchandise Imports (ann. var. %) | -7.7 | -16.9 | 55.4 | 16.8 | -5.3 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indian merchandise imports projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise imports forecast available for Indian merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indian merchandise imports projections.
Want to get access to the full dataset of Indian merchandise imports forecasts? Send an email to info@focus-economics.com.
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