International Merchandise Trade Statistics: Imports: Commodities for India
XTIMVA01INQ664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,348,860,000,000.00
Year-over-Year Change
8.30%
Date Range
1/1/1990 - 4/1/2025
Summary
This economic trend measures India's imports of various commodities, providing insights into the country's international trade and economic activity.
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
The International Merchandise Trade Statistics: Imports: Commodities for India tracks the value of India's imports of different commodity categories, such as raw materials, intermediate goods, and finished products. This data is used by economists and policymakers to analyze India's trade balance, industrial production, and overall economic performance.
Methodology
The data is collected by India's Ministry of Commerce and Industry through customs records and surveys.
Historical Context
This trend is closely monitored by analysts and policymakers to assess India's economic health and guide trade and fiscal policies.
Key Facts
- India is the world's fifth-largest economy by nominal GDP.
- Commodities account for a significant portion of India's total imports.
- Trade data is a key indicator of India's economic performance and global integration.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of India's imports of various commodities, including raw materials, intermediate goods, and finished products.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into India's international trade patterns, industrial production, and overall economic activity, which are crucial for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by India's Ministry of Commerce and Industry through customs records and surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by analysts and policymakers to assess India's economic health and guide trade and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays or limitations in reporting, which should be considered when interpreting the trend.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for India (XTIMVA01INQ664N), retrieved from FRED.