Insights for India

MoM insights: In the month-on-month analysis, imports from Switzerland saw the highest increase with a trade value of 5.09B, reflecting a significant rise of 1.57B (44.61%). Hong Kong and Australia also showed strong growth, with increases of 911.58M (35.89%) and 839.58M (76.71%) respectively. On the lower end, imports from Indonesia decreased by 404.21M (-21.41%), while China and Turkey experienced declines of 212.15M (-1.87%) and 197.04M (-54.35%) respectively. In exports, the United States led with an increase of 841.31M (15.39%), followed by Singapore with 279.13M (44.57%) and China with 158.14M (10.77%). Conversely, Hong Kong saw a significant drop of 498.18M (-44.68%), with Spain and the UAE also declining by 438.47M (-44.34%) and 244.09M (-6.83%). Overall, total imports increased by 7.55B (11.02%), while exports decreased by 2.01B (-5.52%).

YoY insights: Year-on-year, imports from Switzerland again topped the list with a trade value of 5.09B, showing a remarkable increase of 3.79B (290.63%). Hong Kong and China followed with increases of 1.63B (89.40%) and 1.5B (15.59%) respectively. On the downside, imports from Russia fell by 1.73B (-26.28%), with Iraq and Indonesia also experiencing declines of 615.05M (-19.39%) and 455.92M (-23.51%). In exports, China led with a growth of 480.46M (41.96%), while Spain and Sri Lanka also saw increases of 166.32M (43.43%) and 110.1M (27.83%). However, Singapore faced a significant drop of 1.11B (-55.17%), with the United States and Australia also declining by 606.38M (-8.71%) and 513.46M (-55.17%). Overall, total imports increased by 9.88B (14.92%), while exports decreased by 4.83B (-12.33%).