Merchandise imports from low- and middle-income economies in Latin in India
India: Merchandise imports from low- and middle-income economies in Latin was 3.1% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in Latin in India, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
In 2023, merchandise imports from low- and middle-income economies in latin in India stood at 3.1%.
Compared with earlier readings it is down 12.2% on the previous year and down 3.6% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in latin in India peaked at 3.9% in 2021 and was at its lowest, 0.0%, in 1963.
India ranks 69th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports from low- and middle-income economies in Latin in India, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 0.2% | — |
| 1961 | 0.2% | -10.4% |
| 1962 | 0.1% | -56.7% |
| 1963 | 0.0% | -48.3% |
| 1964 | 0.3% | +540.8% |
| 1965 | 0.3% | -3.6% |
| 1966 | 0.4% | +28.6% |
| 1967 | 1.0% | +140.2% |
| 1968 | 0.5% | -51.8% |
| 1969 | 1.2% | +158.0% |
| 1970 | 0.9% | -24.4% |
| 1971 | 0.5% | -41.9% |
| 1972 | 0.4% | -25.7% |
| 1973 | 2.9% | +653.5% |
| 1974 | 1.9% | -35.9% |
| 1975 | 1.2% | -34.5% |
| 1976 | 0.9% | -23.7% |
| 1977 | 3.0% | +224.7% |
| 1978 | 1.8% | -39.4% |
| 1979 | 1.3% | -31.5% |
| 1980 | 2.2% | +73.8% |
| 1981 | 2.6% | +17.5% |
| 1982 | 2.2% | -12.4% |
| 1983 | 1.9% | -15.1% |
| 1984 | 3.8% | +97.3% |
| 1985 | 3.0% | -20.9% |
| 1986 | 2.2% | -27.0% |
| 1987 | 2.8% | +27.3% |
| 1988 | 2.5% | -10.6% |
| 1989 | 2.4% | -3.7% |
| 1990 | 2.1% | -11.4% |
| 1991 | 2.1% | -0.6% |
| 1992 | 1.6% | -22.5% |
| 1993 | 1.1% | -31.0% |
| 1994 | 2.9% | +158.1% |
| 1995 | 1.4% | -51.2% |
| 1996 | 1.0% | -25.5% |
| 1997 | 1.1% | +2.5% |
| 1998 | 1.4% | +31.3% |
| 1999 | 1.7% | +17.5% |
| 2000 | 1.8% | +6.6% |
| 2001 | 2.3% | +32.5% |
| 2002 | 2.0% | -13.8% |
| 2003 | 1.8% | -12.5% |
| 2004 | 1.9% | +6.5% |
| 2005 | 1.8% | -4.0% |
| 2006 | 1.7% | -8.6% |
| 2007 | 1.5% | -9.5% |
| 2008 | 1.3% | -14.5% |
| 2009 | 2.0% | +60.1% |
| 2010 | 1.9% | -7.3% |
| 2011 | 1.8% | -3.1% |
| 2012 | 2.7% | +44.7% |
| 2013 | 3.2% | +19.4% |
| 2014 | 3.6% | +14.7% |
| 2015 | 3.3% | -10.0% |
| 2016 | 3.3% | -0.1% |
| 2017 | 3.6% | +10.2% |
| 2018 | 3.3% | -8.7% |
| 2019 | 3.0% | -9.2% |
| 2020 | 3.6% | +19.2% |
| 2021 | 3.9% | +8.6% |
| 2022 | 3.5% | -10.1% |
| 2023 | 3.1% | -12.2% |
India compared with similar countries
- India's 3.1% is above the median for lower middle income countries, which is 2.1%, 1.5× the median. (47 countries reporting)
- India's 3.1% is above the median for South Asia, which is 1.0%, 3.2× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies in Latin in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1973 | +653.5% | 0.4% | 2.9% |
| 1964 | +540.8% | 0.0% | 0.3% |
| 1977 | +224.7% | 0.9% | 3.0% |
| 1969 | +158.0% | 0.5% | 1.2% |
| 1994 | +158.1% | 1.1% | 2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.4% | 0.0% | 1.2% | 10 |
| 1970s | 1.5% | 0.4% | 3.0% | 10 |
| 1980s | 2.5% | 1.9% | 3.8% | 10 |
| 1990s | 1.6% | 1.0% | 2.9% | 10 |
| 2000s | 1.8% | 1.3% | 2.3% | 10 |
| 2010s | 3.0% | 1.8% | 3.6% | 10 |
| 2020s | 3.5% | 3.1% | 3.9% | 4 |
Countries ranked near India
More private sector data for India
- Merchandise trade 30.3% (2025)
- Food imports 5.1% (2024)
- Manufactures imports 46.5% (2024)
- Merchandise imports 753.48 billion current US$ (2025)
- Food exports 11.1% (2024)
- Manufactures exports 67.1% (2024)
- Merchandise exports 445.28 billion current US$ (2025)
- Merchandise exports (current US$), per capita 304.18 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1126 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 0.5401 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports from low- and middle-income economies in latin in India?
- Merchandise imports from low- and middle-income economies in latin in India was 3.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in latin recorded in India?
- The highest recorded value was 3.9% in 2021.
- What is the lowest merchandise imports from low- and middle-income economies in latin recorded in India?
- The lowest recorded value was 0.0% in 1963.
- How does India rank for merchandise imports from low- and middle-income economies in latin?
- India ranks 69th out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in latin rising or falling in India?
- Over the last ten years it is down 3.6%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.