Imports to India increased 4.31 percent from a year earlier to an all-time high of USD 45.35 billion in May 2019, boosted by purchases of gold (37.43 percent) and oil (8.23 percent). Still, imports of other major commodities fell: pearls, precious & semi-precious stones (-24.70 percent); fertilizers, crude & manufactured (-21.21 percent); vegetable oil (-11.94 percent); electronic goods (-3.17 percent); and transport equipment (-3.04 percent). Imports in India averaged 8179.41 USD Million from 1957 until 2019, reaching an all time high of 45350 USD Million in May of 2019 and a record low of 117.40 USD Million in August of 1958.
Imports in India is expected to be 43900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in India to stand at 45600.00 in 12 months time. In the long-term, the India Imports is projected to trend around 45100.00 USD Million in 2020, according to our econometric models.