Insights for India

MoM insights: In the month-on-month analysis, imports from China saw a significant increase of 1.41B USD, representing a 13.74% rise. Iraq also showed a strong performance with an increase of 820.83M USD (49.92%). The United Arab Emirates contributed 680.01M USD (15.98%) to the import values. On the downside, imports from the United States decreased by 1.23B USD (-23.32%), while Thailand and Russia saw declines of 785.65M USD (-44.79%) and 679.55M USD (-14.03%) respectively. In exports, the Netherlands led with an increase of 405.38M USD (40.27%), followed by Malaysia with 392.56M USD (75.05%). Togo's exports surged by 161.1M USD (126.10%). Conversely, Spain's exports fell by 225.09M USD (-25.19%), Bahrain by 178.82M USD (-75.28%), and Sri Lanka by 173.73M USD (-29.89%). Overall, total imports increased by 884.73M USD (1.41%) while exports rose by 364.72M USD (0.96%).

YoY insights: In the year-on-year analysis, imports from China increased by 1.95B USD (19.99%), with Ghana showing a remarkable rise of 619.96M USD (557.12%). Saudi Arabia's imports grew by 584.55M USD (28.84%). On the contrary, imports from Switzerland decreased by 975.01M USD (-62.21%), Thailand by 353.08M USD (-26.72%), and Ireland by 299.52M USD (-64.39%). In exports, China again led with an increase of 822.08M USD (67.13%), followed by the United Arab Emirates with 424.41M USD (14.04%). Malaysia's exports rose by 359.32M USD (64.59%). However, exports to Saudi Arabia fell by 409M USD (-28.69%), Bangladesh by 316M USD (-27.30%), and Czechia by 208.56M USD (-68.06%). Overall, total imports increased by 5.28B USD (9.07%) while exports saw a modest rise of 533.31M USD (1.41%).