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96 Economic Survey 2021-22

billion (5.6 per cent share) in corresponding period a year earlier, returning to second position (Table
2). This is due to significant increase in volume of gold imports that have more than tripled compared
to last year and surpassed the pre-pandemic levels, on account of strong festive and export demand,
favoured by drop in international gold prices. Industrial machinery for dairy and Iron & Steel do not
figure in the list of top ten import commodities in current year, unlike in April-November, 2019.
Table 2: Top 10 Import Commodities

(US$ Billion) Share (in Per cent)
2021-22
Rank Commodity 2020-21 2020-21 2021-22 (P)
2019-20 2020-21 (P) 2019-20 2020-21
(Apr-Nov) (Apr-Nov)
Petroleum:
1 102.7 59.5 31.3 73.3 21.6 15.1 14.2 19.2
Crude
2 Gold 28.2 34.6 12.3 33.2 5.9 8.8 5.6 8.7
Petroleum
3 27.8 23.2 13.1 24.1 5.9 5.9 5.9 6.3
Products
Pearl,
Precious,
4 22.5 18.9 9.3 19.2 4.7 4.8 4.2 5.0
Semiprecious
Stones
Coal, Coke
and
5 22.5 16.3 9.7 18.9 4.7 4.1 4.4 4.9
Briquittes,
etc.
Electronics
6 16.3 15.3 8.7 14.5 3.4 3.9 4.0 3.8
Components
Vegetable
7 9.7 11.1 6.8 12.2 2.0 2.8 3.1 3.2
Oils
Organic
8 12.2 11.1 6.3 11.2 2.6 2.8 2.9 2.9
Chemicals
Computer
9 Hardware, 9.0 10.4 6.6 9.7 1.9 2.6 3.0 2.6
Peripherals
Plastic Raw
10 Materials 10.4 9.7 5.2 9.5 2.2 2.5 2.4 2.5
Total of above 10 261.3 210.1 109.3 225.9 55.0 53.3 49.7 59.2
commodities
India’s Total
Imports 474.7 394.4 219.8 381.4 100 100 100 100
Source: Department of Commerce
Note: P: Provisional
3.27 Among the top ten countries for import origin, China, UAE and USA were the top import
sources for India in April-November, 2021, with China's share reducing to 15.5 per cent from
17.7 per cent in corresponding period a year earlier – reflecting increased diversification of
India's import sources. Switzerland, which was ousted last year from top ten sources of India’s
import, bounced back at sixth position with a share of 4.7 percent in April-November, 2021.
Indonesia – second biggest source of crude palm oil – remains to be one of top ten suppliers of
India, with a share of 2.9 percent in total imports during same period (Figure 8).