India Trade / Trade Report / FY 2023-24
Annual Trade Report
India Trade — FY 2023-24
Total Exports
$437.1B
Total Imports
$678.2B
Trade Deficit
-$241.1B
Top ExportsUSD BN
Mineral fuels, mineral oils and products of their distillation
HS 27
87.6B
-13.5%
Electrical machinery and equipment and parts thereof
HS 85
34.4B
+20.3%
Natural or cultured pearls,precious or semiprecious stones,pre.metals,...
HS 71
32.9B
-13.8%
Nuclear reactors, boilers, machinery and mechanical appliances
HS 84
30.1B
+9.4%
Pharmaceutical products
HS 30
22.1B
+11.3%
Vehicles other than railway or tramway rolling stock, and parts and ac...
HS 87
20.9B
-1.6%
Organic chemicals
HS 29
20.3B
-5.0%
Iron and steel
HS 72
11.9B
-11.5%
Cereals
HS 10
11.0B
-20.7%
Articles of iron or steel
HS 73
9.9B
+1.3%
Articles of apparel and clothing accessories, not knitted or crocheted
HS 62
7.8B
-8.1%
Aluminium and articles thereof
HS 76
7.7B
-13.5%
Top ImportsUSD BN
Mineral fuels, mineral oils and products of their distillation
HS 27
219.1B
-16.1%
Electrical machinery and equipment and parts thereof
HS 85
79.3B
+17.2%
Natural or cultured pearls,precious or semiprecious stones,pre.meta..
HS 71
78.5B
+6.2%
Nuclear reactors, boilers, machinery and mechanical appliances
HS 84
57.4B
+5.6%
Organic chemicals
HS 29
26.7B
-7.7%
Plastic and articles thereof
HS 39
21.8B
-5.6%
Iron and steel
HS 72
18.6B
+5.2%
Animal or vegetable fats and oils and their cleavage products
HS 15
15.1B
-28.7%
Optical, photographic cinematographic measuring, checking precision..
HS 90
12.9B
+10.7%
Aircraft, spacecraft, and parts thereof
HS 88
12.7B
+13.7%
Copper and articles thereof
HS 74
9.2B
+21.0%
Inorganic chemicals
HS 28
9.1B
-28.8%
Sector Breakdown
Sector
Exports
Imports
Export YoY
Import YoY
Oil & Gas
$87.6B
$219.1B
-13.5%
-16.1%
Chemicals
$46.2B
$82.1B
-3.1%
-13.4%
Metals & Mining
$40.0B
$54.3B
-0.9%
+5.0%
Agri & Fisheries
$36.0B
$26.5B
-6.3%
-12.9%
Textiles
$35.5B
$9.0B
-2.1%
-16.0%
Electrical Equipment
$34.4B
$79.3B
+20.3%
+17.2%
Gems & Jewellery
$32.9B
$78.5B
-13.8%
+6.2%
Capital Goods
$32.0B
$60.0B
+8.7%
+5.3%
Pharmaceuticals
$22.1B
$2.6B
+11.3%
-1.2%
Automobile
$21.2B
$8.4B
-1.8%
+6.9%