India’s import business is huge and more profitable
than the export business. Every year a lot of commodities/products and services
are importing in India. This is the main reason people try their luck in Indian
import business instead of export business. It has many business opportunities
for local buyers/suppliers, traders, global importers/exporters, and
businessmen related to any industry.
Last year, India
has imported $507.6 billion worth of products from other countries, up by 10.5%
since the year 2014 and 14.3% from 2017-18. Year by year, the amount of import
has been increasing that unlock the growth opportunities for the traders either
local or international.
After getting an
overview of India’s importing business, let’s explore the major importing
partners and top imported products of India.
Top Five Imported Products of India
1. Electrical Machinery and
Equipment
There is a vast
demand in India for electrical machinery and equipment along with their spare
parts and accessories. Their parts include sound reproducers and recorders,
sound recorders and television image parts. You can make huge revenues by
importing these goods/commodities into India.
2. Live Trees and other Plants
Because of swift
urbanization keep going on in India, lots of natural resources are ruining
regularly. Therefore, the demand for live trees, plants, roots, and flowers is
on the top in India. So if you are experienced in handling plants and trees
then you can make revenue by importing trees and other plants.
3. Steel and Iron
India has many
resources for the production of steel and iron but it still depends on imports
of both products. However, the import amount of both items as well as other
metal products has significantly decreased in a few past years.
4. Seafood
In many states of
India, a lot of seafood like mollusks, fish, and crustaceans are consumed
regularly. So it’s clear that seafood has a huge demand in India and you can
make profits by importing all above-mentioned seafood.
5. Oil
India’s fifth top
imported item is oil. This product is India’s top priority no matter it is
edible or crude. The amount of edible oil that India imports from other
countries has increased by almost 25% in recent years.
Top Five Importing Partners
1. China
In the year 2018,
India has imported $73.7 billion worth of products from China. China
contributes to 14.5% of India’s entire imports. There is a long list of
products which are imported into India from China like organic chemicals ($8.5
billion), fertilizers ($1.7 billion), iron and steel ($1.4 billion), plastics
($2.7 billion), etc.
2. United States of
America
India has imported
products worth $32.6 billion from the United States of America in the year
2018. The USA contributes to 6.4% of India’s total import business. Major items
which imported into India from the US are fruits & nuts ($887.6 million),
Gems & metals ($7 billion), medical equipment ($1.6 billion), wood pulp
($772.3 million), etc.
3. United Arab
Emirates
Last year India has
imported $26.8 billion worth of products from UAE that contributes to 5.3% of
its entire imports. A lot of products are imported in India last year and some
of them are copper ($705.5 million), aluminum ($478 million), ships & boats
($487.8 million), machinery ($280.9 million), and many more.
4. Indonesia
In the year 2018,
India has imported $16 billion worth of products from Indonesia that
contributes to 3.2% of India’s overall imports. Inorganic chemicals ($278.7
million), rubber ($445.9 million), mineral fuels ($7 billion), iron & steel
($454.3 million) and many other products are imported into India from Indonesia.
5. Saudi Arabia
Saudi Arabia has
exported $28.4 billion worth of products to India that contributes to 5.6% of
India’s entire import business. Major imported products are oil ($24.3
billion), chemical products ($131.6 million), ores/slag/ash ($53.2 million),
spacecraft & aircraft ($48.2 million), etc.
Seair Exim Solutions is the leading in
market search field. It offers export and import data of 80+ countries
like USA, India, Indonesia, Vietnam, Mexico, Peru etc. in the world. Majorly Seair provides export and import Data India,
Vietnam, Pakistan, Sri Lanka, Mexico and so on. You can get data and free
sample data by product name, HS code, section, chapter
etc. If you are looking for same contact us on given details-
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