India’s imports fell to $59.59 billion in March 2026, down from $63.71 billion the previous month and 6.5% lower than a year earlier, reflecting the impact of surging global fuel prices due to the Middle East conflict. As a major energy importer, covering 90% of its crude oil and over half of its liquefied petroleum gas needs, India remains highly vulnerable to such disruptions.
Brent crude prices spiked by up to 65% in early March, exceeding $100 per barrel after the US and Israel launched a joint attack on Iran on February 28, before partially retracing. Sustained elevated fuel costs could strain India’s current account balance and add pressure on the rupee. source: Ministry of Commerce and Industry, India
Imports in India decreased to 59.59 USD Billion in March from 63.71 USD Billion in February of 2026. Imports in India averaged 12.54 USD Billion from 1957 until 2026, reaching an all time high of 76.06 USD Billion in October of 2025 and a record low of 0.12 USD Billion in August of 1958. This page provides the latest reported value for - India Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Imports - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.
Imports in India decreased to 59.59 USD Billion in March from 63.71 USD Billion in February of 2026. Imports in India is expected to be 66.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Imports is projected to trend around 74.00 USD Billion in 2027, according to our econometric models.