• Analysis and Studies
• India: a look at the market

India is a country situated in South Asia, It is the seventh-largest country by area; the most populous country as of June 2023; and from the time of its independence in 1947, the world's most populous democracy. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia.

About Economy – latest trends

In November 2023 India exported $33.9B and imported $54.5B, resulting in a negative trade balance of $20.6B. Between November 2022 and November 2023 the exports of India have decreased by $-977M (-2.8%) from $34.8B to $33.9B, while imports decreased by $-3.74B (-6.42%) from $58.2B to $54.5B.

TRADE

In November 2023, the top exports of India were Petroleum Products ($7.46B), Drug Formulations, Biologicals ($1.69B), Gold And Oth Precs Metl Jwlery ($1.47B), Telecom Instruments ($1.42B), and Pearl, Precs, Semiprecs Stones ($1.32B). In November 2023 the top imports of India were Petroleum: Crude ($11.9B), Gold ($3.45B), Coal,Coke And Briquittes Etc ($3.37B), Petroleum Products ($3.07B), and Electronics Components ($2.71B).

DESTINATIONS

In November 2023, India exported mostly to United States ($5.87B), United Arab Emirates ($2.71B), Netherlands ($2.11B), China ($1.39B), and Bangladesh ($977M), and imported mostly from China ($8B), Russia ($4.55B), United States ($3.65B), United Arab Emirates ($2.92B), and Iraq ($2.91B).

GROWTH

In November 2023, the decrease in India's year-by-year exports was explained primarily by an decrease in exports to Israel ($-1.1B or -73.4%), Brazil ($-727M or -65.2%), and Turkey ($-397M or -45.5%), and product exports decrease in Petroleum Products ($-652M or -8.04%), Rice(Other Than Basmoti) ($-306M or -64.7%), and Agro Chemicals ($-199M or -40.4%). In November 2023, the decrease in India's year-by-year imports was explained primarily by an decrease in imports from United Arab Emirates ($-2.08B or -41.6%), Saudi Arabia ($-755M or -22.2%), and United States ($-708M or -16.3%), and product imports decrease in Petroleum: Crude ($-1.69B or -12.5%), Petroleum Products ($-1.43B or -31.7%), and Pearl, Precs, Semiprecs Stones ($-1.31B or -56.9%).

MAIN DESTINATION (November 2023) à United States   $5.87B

FASTEST GROWING EXPORT MARKETS (2020 - 2021)

United States    $21.5B (+ 43.4%)

United Arab Emirates    $6.7B (+ 35.9%)

Bangladesh      $6.18B (+ 78.1%)

FASTEST GROWING IMPORT MARKETS (2020 - 2021)

China   $28.9B (+ 44.3%)

United Arab Emirates   $20B (+ 90.6%)

Switzerland    $19.9B (+ 166%)

Fonti: 

 https://oec.world/en 

https://data.worldbank.org/

https://www.trademap.org/