India: Imports, percent of GDP

* indicates monthly or quarterly data series
 India

Imports of goods and services as percent of GDP

 Latest value 26.44
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 13.14
 Min - Max 3.71 - 31.26
 Source The World Bank
For that indicator, we provide data for India from 1960 to 2022. The average value for India during that period was 13.14 percent with a minimum of 3.71 percent in 1972 and a maximum of 31.26 percent in 2012. The latest value from 2022 is 26.44 percent. For comparison, the world average in 2022 based on 149 countries is 52.38 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
India - Imports, percent of GDP - Recent values chart

Historical chart
India - Imports, percent of GDP - historical chart - 1960-2022




The imports of India and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

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 Related indicators Latest value Reference Measure
 Terms of trade 90.74 2021 percent
 Trade openness 49.23 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 22.79 2022 percent
 Exports, billion dollars 778.55 2022 billion U.S. dollars
 Growth of exports 13.57 2022 percent
 Imports, percent of GDP 26.44 2022 percent
 Imports, billion dollars 903.46 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.46 2022 percent
 Foreign Direct Investment, billion dollars 49.94 2022 billion U.S. dollars
 Portfolio investment inflows, equities -16,572.09 2022 million dollars (current)
 Current account, percent of GDP -2.70 2022 percent
 Current account, in dollars -79.05 2022 billion U.S. dollars
 Trade balance, percent of GDP -3.66 2022 percent
 Trade balance, in dollars -134.66 2022 billion U.S. dollars
 Reserves 567.30 2022 billion U.S. dollars
 Remittances, percent of GDP 3.26 2022 percent
 Remittances 111,221.78 2022 million U.S. dollars
 Net errors and omissions -2,311.51 2022 million USD
 External debt 18.42 2022 percent
 Short-term external debt 20.94 2022 percent
 Short-term debt to reserves 22.77 2022 percent
 Foreign exchange reserves 48,983.36 9/2023 billion
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