India’s Top Imports Mineral Fuels & Oils Electrical Machinery & Equipment
Gems & Precious Machinery, Nuclear Reactors & Boilers
List of 5 Largest Import Products of India Mineral fuel is the largest imported product under HS Code at 2digit level. And crude petroleum oil is imported the most in India. After mineral fuels, gems & precious metals are 2ndmain import items of India. HS Code
Product Description
2016 Share in Value
27
Mineral Fuels
25%
71
Gems & Precious Metals
13%
85
Electrical Machinery & Equipment
10%
84
Machinery, Nuclear Reactors & Boilers
9%
29
Organic Chemicals
4%
Mineral Fuels & Oils are Maximum Imported by India India imported mineral fuels worth USD 30 billion in Q1, USD 28 billion in Q2 and USD 29 billion in Q3 of 2017. India’s largest import partner of mineral fuels and oils is Saudi Arabia, which recorded USD 13 billion value in 2016.
Gems & Precious Metals – India Imports Gold Maximum Gems & precious metals, which come under Chapter 71, are the 2nd most imported products in India. The India import statistics of gems & precious metals available till Sept 2017 shows that Q1 recorded USD 17 billion, Q2 recorded USD 22 billion and Q3 recorded USD 15 billion import value of the products. India’s largest import partner of gems & precious metals is Switzerland with 27.5% share in value.
Electrical Machinery & Equipment – China is Largest Import Partner of India Electrical machinery and equipment, which comes under Chapter 85, is the 3rd major import products of India. In Q1, Q2 and Q3 of 2017, total imports of electrical machinery and equipment accounted to USD 10 billion, USD 11 billion and USD 12 billion respectively. India’s top import partner of electrical machinery and equipment is China with 56.4% share in value.
Machinery – Automatic Data Processing Machines Mostly Imports Machinery, nuclear reactors and boilers at 2-digit level HS Code 84 are the 4th top import products of India. India’s imports of machinery and other similar products in this industry amounted to USD 8 billion each in Q1 and Q2 of 2017, while third quarter registered maximum import value of USD 9 billion. China is the biggest market of machines, so India imported machinery and other similar products valued USD 10 billion from this country in 2016.
Organic Chemicals – India’s 5 th Largest Import Product Industry Organic chemicals, which come under Chapter 29, recorded USD 4.1 billion, USD 4.5 billion and USD 4.3 billion import value in Q1, Q2 and Q3 of 2017 respectively. India imported organic chemicals maximum from China, which recorded 37.8% share in value.
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