India

Insights for India

BETA

February 2026 period, National level, Product aggregation

AI
Summary: Overall, India's trade dynamics show a significant increase in imports year-on-year, with a total increase of 12.75 billion USD, while exports have slightly decreased by 204.48 million USD. Month-on-month, imports have decreased sharply by 7.49 billion USD, while exports have seen a marginal increase. The trade balance indicates a strong reliance on imports, particularly from China and the United States, while exports are facing challenges, particularly to the United States and the UAE.
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MoM insights: In the month-on-month analysis, India's total imports decreased by approximately 7.49 billion USD, reflecting a decline of about 10.52%. The top five countries contributing to the highest import values were Russia (3.34 billion USD), Peru (1.16 billion USD), and Sri Lanka (264.37 million USD), with significant increases in trade values of 473.64 million USD, 184.81 million USD, and 149.67 million USD respectively. Conversely, the lowest values were from the United Arab Emirates (4.71 billion USD), Switzerland (2.71 billion USD), and China (11.38 billion USD), showing declines of 2.34 billion USD, 1.24 billion USD, and 849.29 million USD respectively. Exports saw a slight increase of 65.55 million USD, or 0.18%, with Hong Kong (993.62 million USD), the United States (6.89 billion USD), and Togo (340.87 million USD) leading the gains. The lowest performing exports were to the United Arab Emirates (3.26 billion USD), Singapore (646.68 million USD), and Australia (516.84 million USD), with declines of 703.39 million USD, 250.02 million USD, and 99.35 million USD respectively.
AI
YoY insights: Year-on-year, total imports increased by 12.75 billion USD, or 25.01%, indicating a robust growth trend. The highest increases were from China (11.38 billion USD), Switzerland (2.71 billion USD), and the United States (4.48 billion USD), with respective increases of 2.66 billion USD, 2.38 billion USD, and 1.43 billion USD. On the other hand, the lowest performing imports were from Ireland (141.14 million USD), Russia (3.34 billion USD), and the United Arab Emirates (4.71 billion USD), with declines of 606.59 million USD, 519.81 million USD, and 503.07 million USD respectively. Exports, however, saw a slight decrease of 204.48 million USD, or 0.55%. The top increases in exports were from China (1.67 billion USD), Hong Kong (993.62 million USD), and Vietnam (584.87 million USD), with increases of 409.11 million USD, 241.7 million USD, and 193.56 million USD respectively. The lowest performing exports were to the United States (6.89 billion USD), the Netherlands (1.3 billion USD), and Australia (516.84 million USD), with declines of 1.02 billion USD, 592.82 million USD, and 291.43 million USD respectively.
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