Applied tariffs
Simple average MFN applied
2024
*
15.9 %
Trade-weighted MFN average
2024
*
7.7 %
Share of MFN duty-free
2024
3.1 %
Best preference trade-weighted average
2024
*
6.7 %
Bound tariffs
Simple average bound
*
48.5 %
Binding coverage
74.4 %
Share of bound duty-free
2.8 %
Imports
Total imports: 644,367.3 million USD in 2024
Imports by partner
China
15.4 %
99,215.1
million USD
Russian Federation
9.3 %
59,985.2
million USD
United Arab Emirates
8.6 %
55,380.8
million USD
European Union
8.0 %
51,457.9
million USD
United States of America
6.1 %
39,054.7
million USD
Saudi Arabia, Kingdom of
4.3 %
27,844.8
million USD
Iraq
4.3 %
27,460.5
million USD
Indonesia
3.4 %
22,195.0
million USD
Switzerland
3.2 %
20,316.1
million USD
Korea, Republic of
3.0 %
19,238.0
million USD
Rest of the World
34.5 %
222,219.3
million USD
Imports by products HS 2022
270900
Petroleum oils and oils obtained from bituminous minerals, crude
20.6 %
132,971.3
million USD
710812
Gold, incl. gold plated with platinum, unwrought, for non-monetary purposes (excl. gold in powder form)
7.3 %
46,738.5
million USD
270119
Coal, whether or not pulverised, non-agglomerated (excl. anthracite and bituminous coal)
4.6 %
29,742.1
million USD
271111
Natural gas, liquefied
2.2 %
13,953.7
million USD
854231
Electronic integrated circuits as processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
2.1 %
13,465.5
million USD
851779
Parts of telephone sets, telephones for cellular networks or for other wireless networks and of other apparatus for the transmission or reception of voice, images or other data, n.e.s.
1.9 %
11,967.4
million USD
710231
Non-industrial diamonds unworked or simply sawn, cleaved or bruted (excl. industrial diamonds)
1.7 %
10,712.0
million USD
880240
Aeroplanes and other powered aircraft of an of an unladen weight > 15.000 kg (excl. helicopters, dirigibles and unmanned of heading 8806)
1.6 %
10,236.2
million USD
271113
Butanes, liquefied (excl. of a purity of >= 95% of N-butane or isobutane)
1.1 %
7,053.1
million USD
271112
Propane, liquefied
1.0 %
6,604.1
million USD
Rest of the products
56.0 %
360,923.5
million USD
Exports
Total exports: 404,209.2 million USD in 2024
Exports by destination
United States of America
18.2 %
73,656.4
million USD
European Union
17.9 %
72,350.5
million USD
United Arab Emirates
8.6 %
34,761.1
million USD
Singapore
3.7 %
14,892.6
million USD
China
3.4 %
13,925.8
million USD
United Kingdom
3.2 %
13,071.0
million USD
Saudi Arabia, Kingdom of
2.7 %
10,852.4
million USD
Bangladesh
2.6 %
10,334.8
million USD
South Africa
1.9 %
7,721.4
million USD
Malaysia
1.9 %
7,606.0
million USD
Rest of the World
35.9 %
145,037.1
million USD
Exports by products HS 2022
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
11.6 %
46,958.9
million USD
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. losses" distil at 210°C "ASTM D 86 method" (excl. containing biodiesel)
4.6 %
18,563.4
million USD
851713
Smartphones for wireless networks
4.5 %
18,144.5
million USD
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale (excl. containing antibiotics, hormones or steroids used as hormones, alkaloids, provitamins, vitamins, their derivatives, antimalarial active principles and blinded clinical trial kits)
4.1 %
16,391.9
million USD
710239
Diamonds, worked, but not mounted or set (excl. industrial diamonds)
3.2 %
12,954.7
million USD
711319
Articles of jewellery and parts thereof, of precious metal other than silver, whether or not plated or clad with precious metal (excl. articles > 100 years old)
2.5 %
10,153.8
million USD
100630
Semi-milled or wholly milled rice, whether or not polished or glazed
2.4 %
9,845.5
million USD
880240
Aeroplanes and other powered aircraft of an of an unladen weight > 15.000 kg (excl. helicopters, dirigibles and unmanned of heading 8806)
1.2 %
4,869.6
million USD
870322
Motor cars and other motor vehicles principally designed for the transport of <10 persons, incl. station wagons and racing cars, with only spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.000 cm³ but <= 1.500 cm³ (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10)
1.1 %
4,567.3
million USD
841112
Turbojets of a thrust > 25 kN
1.0 %
4,233.7
million USD
Rest of the products
63.7 %
257,525.9
million USD
Preferential regimes provided by India
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India as a beneficiary based on other economies reported preferential regimes
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