India Trade / Trade Report / FY 2022-23
Annual Trade Report
India Trade — FY 2022-23
Total Exports
$451.1B
Total Imports
$716.0B
Trade Deficit
-$264.9B
Top ExportsUSD BN
Mineral fuels, mineral oils and products of their distillation
HS 27
101.2B
+45.5%
Natural or cultured pearls,precious or semiprecious stones,pre.metals,...
HS 71
38.1B
-2.9%
Electrical machinery and equipment and parts thereof
HS 85
28.6B
+41.8%
Nuclear reactors, boilers, machinery and mechanical appliances
HS 84
27.5B
+8.1%
Organic chemicals
HS 29
21.4B
-3.0%
Vehicles other than railway or tramway rolling stock, and parts and ac...
HS 87
21.2B
+7.4%
Pharmaceutical products
HS 30
19.9B
+2.4%
Cereals
HS 10
13.9B
+7.6%
Iron and steel
HS 72
13.4B
-41.5%
Articles of iron or steel
HS 73
9.8B
+11.0%
Aluminium and articles thereof
HS 76
8.8B
-16.6%
Articles of apparel and clothing accessories, not knitted or crocheted
HS 62
8.5B
+8.3%
Top ImportsUSD BN
Mineral fuels, mineral oils and products of their distillation
HS 27
260.9B
+33.9%
Natural or cultured pearls,precious or semiprecious stones,pre.meta..
HS 71
73.9B
-9.5%
Electrical machinery and equipment and parts thereof
HS 85
67.6B
+8.2%
Nuclear reactors, boilers, machinery and mechanical appliances
HS 84
54.4B
+7.5%
Organic chemicals
HS 29
29.0B
+1.6%
Plastic and articles thereof
HS 39
23.1B
+15.7%
Animal or vegetable fats and oils and their cleavage products
HS 15
21.1B
+9.1%
Iron and steel
HS 72
17.7B
+40.5%
Fertilisers
HS 31
15.3B
+20.0%
Inorganic chemicals
HS 28
12.8B
+25.4%
Optical, photographic cinematographic measuring, checking precision..
HS 90
11.7B
+3.0%
Aircraft, spacecraft, and parts thereof
HS 88
11.2B
+123.6%
Sector Breakdown
Sector
Exports
Imports
Export YoY
Import YoY
Oil & Gas
$101.2B
$260.9B
+45.5%
+33.9%
Chemicals
$47.6B
$94.8B
-1.6%
+11.1%
Metals & Mining
$40.4B
$51.7B
-22.8%
+18.4%
Agri & Fisheries
$38.4B
$30.5B
+6.2%
+8.5%
Gems & Jewellery
$38.1B
$73.9B
-2.9%
-9.5%
Textiles
$36.3B
$10.8B
-17.8%
+27.8%
Capital Goods
$29.4B
$57.0B
+7.1%
+7.5%
Electrical Equipment
$28.6B
$67.6B
+41.8%
+8.2%
Automobile
$21.6B
$7.8B
+7.0%
+14.4%
Pharmaceuticals
$19.9B
$2.6B
+2.4%
-24.0%