Import

An import is a good or service bought in one country that was produced in another. Imports and exports are the components of international trade. If the value of a country's imports exceeds the value of its exports, the country has a negative balance of trade, also known as a trade deficit.

India Imports By Country

Countries are most likely to import goods or services that their domestic industries cannot produce as efficiently or cheaply as the exporting country. Countries may also import raw materials or commodities that are not available within their borders.An import is a product or service produced abroad and purchased in your home country. Imported goods or services are attractive when domestic industries cannot produce similar goods and services cheaply or efficiently.

India Imports By Category

Import Price Index

Import Price Indices (MPIs) measure changes in the prices of goods and services provided by nonresidents (rest of the world) and used by residents of the economic territory.

Import unit value index

Unit-values are defined by: trade value / quantity. These unit-values are divided by the average unit-value of the previous year to obtain elementary unit-value indices, from which outliers are detected and removed.

Imports of goods and services

Imports of goods and services consist of transactions in goods and services (purchases, barter, and gifts) from non-residents to residents. Imports of goods occur when economic ownership of goods changes between residents and non-residents.This applies irrespective of corresponding physical movements of goods across frontiers.