Top India Trade Product Opportunities
India racked up the greatest global trade deficits during 2015 for the products in the accompanying list. The underlying sales for these product deficits represent strong domestic demand, thus answering the question: What does India need to import?
Oil
The products below earned the greatest subcategory deficits for India.
1. Crude oil: -$72.3 billion
2. Coal, solid fuels made from coal: -$14 billion
3. Petroleum gases: -$11.6 billion
4. Petroleum oil residues: -$1.1 billion
5. Coke, semi-coke: -$503.8 million
6. Petroleum jelly, mineral waxes: -$72.1 million
7. Coal tar oils (high temperature distillation): -$29.9 million
8. Electrical energy: -$17.8 million
9. Peat: -$11.5 million
10. Natural bitumen, asphalt, shale: -$7.9 million
Electronic equipment
The products below earned the greatest
subcategory deficits for India.
1. Phone system devices: -$15 billion
2. Solar power diodes/semi-conductors: -$2.4 billion
3. Integrated circuits/microassemblies: -$1.5 billion
4. TV receivers/monitors/projectors: -$1.4 billion
5. Unrecorded sound media: -$1.2 billion
6. TV/radio/radar device parts: -$1 billion
7. TV receiver/transmit/digital cameras: -$711.1 million
8. Electrical machinery: -$522.9 million
9. Electric storage batteries: -$499.7 million
10. Lower-voltage switches, fuses: -$496.9 million
Gems, precious metals
The products below earned the greatest subcategory deficits for India.
1. Gold (unwrought): -$29.7 billion
2. Silver (unwrought): -$4.3 billion
3. Pearls: -$1.2 billion
4. Precious/semi-pr stones (unstrung): -$1.1 billion
5. Platinum (unwrought): -$224.5 million
6. Synthetic precious stones: -$113 million
7. Precious stone dust, powder: -$15.3 million
8. Other precious metal items: -$448,000
9. Metals clad with platinum: -$210,000
10. Base metals or silver clad with gold: -$77,000
Machinery
The products below earned the greatest subcategory deficits for India.
1. Computers, optical readers: -$5 billion
2. Printing machinery: -$1.19 billion
3. Computer parts, accessories: -$1.16 billion
4. Turbo-jets: -$882.3 million
5. Air or vacuum pumps: -$755.6 million
6. Miscellaneous machinery: -$730.9 million
7. Air conditioners: -$727 million
8. Moulding boxes/base: -$529.5 million
9. Knitting/stitching machines: -$516.2 million
10. Machinery parts: -$470.3 million
Animal/vegetable fats and oils
The products below earned the greatest
subcategory deficits for India.
1. Palm oil: -$5.9 billion
2. Soya-bean oil: -$2.7 billion
3. Sun/safflower/cotton-seed oil: -$1.3 billion
4. Rape/colza/mustard oil: -$275.1 million
5. Coconut/palm/babassu oil: -$164.7 million
6. Olive oil: -$34.9 million
7. Other oils from olives: -$6 million
8. Glycerol (glycerine): -$5.3 million
9. Vegetable/bees/insect waxes: -$1.8 million
Fertilizers
The products below earned the greatest subcategory deficits for India.
1. Fertilizer mixes: -$3.4 billion
2. Nitrogenous fertilizers: -$2.7 billion
3. Potassic fertilizers: -$1.2 billion
4. Packaged animal/vegetable fertilizers:
-$5.6 million
Plastics
The products below earned the greatest
subcategory deficits for India.
1. Ethylene polymers: -$2.5 billion
2. Vinyl chloride polymers: -$1.5 billion
3. Polyacetal/ether/carbonates: -$531.3 million
4. Acrylic polymers: -$319.1 million
5. Polyamides: -$307.3 million
6. Amino-resins: -$278.6 million
7. Cellulose/chemical derivatives: -$240.1 million
8. Miscellaneous plastic items: -$228.8 million
9. Vinyl acetate polymers: -$213.8 million
10. Self-adhesive plastic in rolls: -$178.6 million
Iron and Steel
The products below earned the greatest
subcategory deficits for India.
1. Iron or steel scrap: -$3 billion
2. Flat-rolled other alloy steel products: -$1.5 billion
3. Hot-rolled iron/non-alloy steel products: -$1.2 billion
4. Coiled other alloy steel bars, rods: -$405.8 million
5. Cold-rolled iron/non-alloy steel items: -$337.5 million
6. Alloy steel bars, rods: -$312.2 million
7. Flat-rolled stainless steel items: -$163.3 million
8. Flat-rolled stainless steel items (thin): -$139.4 million
9. Iron/non-alloy steel wire: -$130.8 million
10. Iron/non-alloy steel bars, rods: -$78.1 million
Ores
The products below earned the greatest
subcategory deficits for India.
1. Copper ores, concentrates: -$4.1 billion
2. Iron ores, concentrates: -$563.1 million
3. Manganese ores, concentrates: -$318 million
4. Precious metal ores, concentrates: -$257.5 million
5. Molybdenum ores, concentrates: -$80.9 million
6. Nickel ores, concentrates: -$64.2 million
7. Niobium/zirconium ores, concentrates: -$52.2 million
8. Metal-containing ash, residues: -$39.6 million
9. Uranium/thorium ores, concentrates: -$24.8 million
10. Chromium ores, concentrates: -$17.9 million
Medical, technical equipment
The products below earned the greatest
subcategory deficits for India.
1. Physical/chemical analysis tools: -$937.9 million
2. Other measuring/testing machines: -$718.9 million
3. Electro-medical equip (e.g. xrays): -$690 million
4. Liquid crystal/laser/optical tools: -$451.3 million
5. Regulate/control instruments: -$447.8 million
6. X-ray equipment: -$367.6 million
7. Orthopedic appliances: -$352 million
8. Oscilloscopes, spectrum analyzers: -$333.1 million
9. Mechano-therapy appliances: -$116.7 million
10. Miscellaneous parts, accessories: -$114.9 million
Organic chemicals
The products below earned the greatest
subcategory deficits for India.
1. Acyclic alcohols: -$1.6 billion
2. Polycarboxylic acids: -$719 million
3. Cyclic hydrocarbons: -$476.7 million
4. Hydrocarbon derivatives: -$468.1 million
5. Saturated acyclic mono acids: -$438.7 million
6. Unsaturated acyclic mono acids: -$397.6 million
7. Phenols/phenol-alcohols: -$346.5 million
8. Nitrile-function compounds: -$293.9 million
9. Amine-function compounds: -$231.1 million
10. Other nitrogen compounds: -$210.8 million
Fastest-Growing Indian Trade Product Deficits 2015
Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis
