India: Merchandise imports by the reporting economy (current US$)
In , India's Merchandise imports by the reporting economy (current US$) was $666.53 billion.
That's down 8.9% from 2022, the highest value since .
The global average for this indicator in 2023 was $114.38 billion . India ranks #8 globally out of 205 reporting countries. Within South Asia, it ranks #1 of 6.
Source: World Bank Open Data (TM.VAL.MRCH.WL.CD) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- $731.84B
- Trough
- $72.00B
- 1-year change
- -8.9%
- 5-year change
- +31.7%
- +5.7% / yr
- 10-year change
- +43.1%
- +3.6% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports by the reporting economy (current US$) |
|---|---|
| 666.534B | |
| 731.842B | |
| 569.859B | |
| 367.957B | |
| 479.723B | |
| 506.263B | |
| 435.141B | |
| 348.229B | |
| 383.490B | |
| 453.527B |
About Merchandise imports by the reporting economy (current US$)
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.
Indicator code: TM.VAL.MRCH.WL.CD • Category: Trade & Finance
Frequently asked questions
- What was India's Merchandise imports by the reporting economy (current US$) in 2023?
- In 2023, India's Merchandise imports by the reporting economy (current US$) was $666.53 billion, according to World Bank Open Data.
- Is India's Merchandise imports by the reporting economy (current US$) rising or falling?
- India's Merchandise imports by the reporting economy (current US$) fell 8.9% from 2022 to 2023.
- How does India rank globally on Merchandise imports by the reporting economy (current US$)?
- In 2023, India ranked #8 out of 205 countries reporting Merchandise imports by the reporting economy (current US$).
- How does India's Merchandise imports by the reporting economy (current US$) compare to the world average?
- The global average for Merchandise imports by the reporting economy (current US$) in 2023 was $114.38 billion, so India is above the world average. Within South Asia, it ranks #1 of 6.
- What is Merchandise imports by the reporting economy (current US$) and how is it measured?
- Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.
Source: World Bank Open Data (TM.VAL.MRCH.WL.CD), CC BY 4.0.