India | Imports of goods and services (current US$)

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. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of India
Records
63
Source
India | Imports of goods and services (current US$)
1960 2530502530.5025
1961 2337302337.3023
1962 2543102543.1025
1963 2860202860.2029
1964 3210903210.9032
1965 3103737925.2415
1966 3060000000
1967 2981333333.3333
1968 2624000000
1969 2356000000
1970 2421333333.3333
1971 2695673511.2048
1972 2650505782.2161
1973 4039170799.9491
1974 5992025678.3189
1975 6545404118.6123
1976 6280836400.6578
1977 7611052224.1744
1978 9045599668.5433
1979 12498142736.863
1980 17225826069.329
1981 16584605960.222
1982 16343526468.962
1983 17140048793.137
1984 16391245674.941
1985 17776627208.176
1986 17486411449.576
1987 19477194741.103
1988 22111443193.382
1989 24133353522.481
1990 27132072318.021
1991 22941358805.152
1992 27639649994.19
1993 27419354118.763
1994 33349576561.34
1995 43318425767.771
1996 45357266003.202
1997 49607467421.089
1998 53431564328.422
1999 61314619861.449
2000 65124164122.096
2001 65218394082.225
2002 78498577658.601
2003 95071650073.445
2004 139310020965.11
2005 183736131690.22
2006 229955027127.37
2007 302803952552.5
2008 350926955799.11
2009 347177967968.32
2010 449974370198.8
2011 566667744819.91
2012 571306554042.39
2013 527555307105.36
2014 529239428328
2015 465097595425.63
2016 480169055768.18
2017 582018012521.84
2018 640300806738.35
2019 602315056052.24
2020 510244747372.81
2021 760902891806.03
2022 903457509124.64

India | Imports of goods and services (current US$)

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. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Republic of India
Records
63
Source