IMPORTING FROM INDIA

India has a GDP of $1.87 trillion.

In 2015, India imported: $390B of goods
In 2015, India exported: $264B of goods

Importing Freight from India

One of the BRICS, an association of five major emerging national economies, the country is expecting a threefold increase in freight movement in this decade. The transport infrastructure, especially the road network is severely strained. Unlike China, there hasn’t been the same commitment from the government or private sector to invest as in China. A booming e-commerce sector is driving some solutions, primarily in innovative delivery solutions.

The world’s 7th largest economy, it also boasts the world’s 29th busiest container port (Mumbai) and 29th busiest cargo traffic airport (Delhi).

For more information on importing from India refer to a real time, international freight index for prices and trends from the world’s largest freight rate database.

Top Indian Export Commodities

Refined Petroleum $53.9 billion
Packaged Medicaments $12.1 billion
Jewellery $11.8 billion
Rice $7.75 billion
Cars $5.82 billion

Indian Import Trends

Ocean Exports from India to the US

Ocean Exports from India to China

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List of Import/Export Ports in India

Port UN Port Code
Port of Chennai IN MAA
Port of Cochin IN COK
Port of Haldia IN HAL
Port of Nhava Sheva IN NSA
Port of Kolkata IN CCU
Port of Mumbai IN BOM
Port of Mundra IN MUN
Port of Pipavav IN PAV
Port of Visakhapatnam IN VZM

Import Taxes From India

  • The import and export of Indian goods is ruled by the Foreign Trade Development & Regulation Act of 1992
  • All importers are officially required to register with the DGFT to acquire an Importer Exporter Code Number (IEC) which is then issued against their Permanent Account Number.
  • There are 98 classifications for India customs duty, and the list can be found here.

For assistance with freight shipping calculations, see our tool here

US CUSTOMS WEBSITE
HS CODE CALCULATOR

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