International Merchandise Trade Statistics: Imports: Commodities for India
XTIMVA01INM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,088,710,000.00
Year-over-Year Change
19.14%
Date Range
1/1/1990 - 4/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for India trend measures the value of India's imports of various goods and commodities. This data is crucial for understanding India's international trade dynamics and economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the total value of imported goods and commodities to India. It provides insights into India's international trade patterns, including the types of products the country is sourcing from global markets. Economists and policymakers analyze this trend to assess India's trade balance, industrial production, and broader macroeconomic conditions.
Methodology
The data is collected by India's Ministry of Commerce and Industry through customs declarations and other official sources.
Historical Context
Analysts and policymakers use this import data to inform trade negotiations, economic policy, and assessments of India's competitiveness in the global marketplace.
Key Facts
- India is one of the world's largest importers of goods and commodities.
- Imports account for over 20% of India's gross domestic product (GDP).
- Energy products, machinery, and electronic equipment are among India's top imported commodities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and commodities imported into India, providing insights into the country's international trade patterns and economic performance.
Q: Why is this trend relevant for users or analysts?
A: Analyzing India's import data is crucial for understanding the country's trade balance, industrial production, and broader macroeconomic conditions, which are of interest to economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by India's Ministry of Commerce and Industry through customs declarations and other official sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import data to inform trade negotiations, economic policy, and assessments of India's competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, but there may be occasional delays or revisions due to the complexity of international trade reporting.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for India (XTIMVA01INM667S), retrieved from FRED.