Title: India’s Top 10 Imports in Different fields
1Indias Top 10 Imports in Different fields
Based on the Purchasing Power Parity average
exchange rate for 2019-20, the Indian rupee
dropped by -6.3 against the US dollar since 2016
and depreciated by -0.4 from 2019 to 2020.
Indias weaker local currency makes Indias
imports paid for in stronger US dollars in 2020
relatively more expensive when converted
starting from Indian rupees. India Import Data
India imported US378 billion worth of goods from
around the globe in 2020, up by 3.2 since 2017
but down by -27.2 from 2019 to 2020. Given
Indias population of 1.389 billion people, its
total of 378 billion spent on 2020 imports
translates to roughly 270 in yearly product
demand from every person living in the vast
South Asian country.
2- Indias Top 10 Imports of Machinery
- In 2020, Indian importers spent the most on the
following 10 subcategories of machinery
including computers. - Computers, optical readers US7.3 billion (up
7.5 from 2019) - Turbojets 2.2 billion (down -48.5)
- Miscellaneous machinery 1.7 billion (down
-21.3) - Air or vacuum pumps 1.6 billion (down -16)
- Computer parts, accessories 1.4 billion (down
-10) - Taps, valves, similar appliances 1.2 billion
(down -15.2) - Centrifuges, filters and purifiers 1.1 billion
(up 1) - Machinery parts 1 billion (down -22.8)
- Transmission shafts, gears, clutches 956.3
million (down -20.3) - Printing machinery 918.3 million (down -34.1)
- Among these import subcategories, Indian
purchases of computers including optical readers
(up 7.5) and centrifuges, filters and purifiers
(up 1) grew from 2019 to 2020. - Indias Top 10 Imports of Gems and Precious
Metals - In 2020, Indian importers spent the most on the
following 10 subcategories of gems and precious
metals. - Gold (unwrought) US21.9 billion (down -29.7
from 2019) - Diamonds (unmounted/unset) 15.9 billion (down
-27.9)
3- Indias Top 10 Imports of Consumer Electronics
- In 2020, Indian importers spent the most on the
following 10 subcategories of electric items
including consumer electronics. - Phone system devices including smartphones
US12.7 billion (down - 6 from 2019) - Integrated circuits/micro assemblies 8.4
billion (down -17.2) - Solar power diodes/semi-conductors 2.2 billion
(down -32.2) - TV receiver/transmit/digital cameras 1.9
billion (down -10.7) - Electrical converters/power units 1.9 billion
(down -14.1) - TV/radio/radar device parts 1.8 billion (up
20.4) - Lower-voltage switches, fuses 1.4 billion (down
-8.3) - Electric storage batteries 1.4 billion (down
-18.2) - TV receivers/monitors/projectors 1 billion
(down -48.8) - Microphones/headphones/amps 927.4 million (down
-14.2) - Among these import subcategories, only Indias
purchases of TV radio and radar device parts
increased from 2019 to 2020 via a 20.4 gain. - Indias Top 10 Imports of Mineral Fuels
- In 2020, Indian importers spent the most on the
following 10 subcategories of mineral
fuels-related products. - Crude oil US64.6 billion (down -36.7 from
2019)
4- Indias Top 10 Imports of Overall Imports of
India - The following product groups represent the
highest dollar value in Indias import purchases
during 2020. Also shown is the percentage share
each product category represents in terms of
overall imports into India. - Mineral fuels including oil US104.4 billion
(28.4 of total imports) - Electrical machinery, equipment 42.9 billion
(11.7) - Gems, precious metals 41 billion (11.2)
- Machinery including computers 35.2 billion
(9.6) - Organic chemicals 18.2 billion (4.9)
- Plastics, plastic articles 12 billion (3.3)
- Animal/vegetable fats, oils, waxes 10.6 billion
(2.9) - Optical, technical, medical apparatus 8.2
billion (2.2) - Iron, steel 7.6 billion (2.1)
- Fertilizers 7.2 billion (2)
- Indias top 10 imports accounted for almost
four-fifths (78.1) of the overall value of its
product purchases from other countries. - This article gives you a brief intro to India
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