Taxes on international trade in India
India: Taxes on international trade was 1.35 trillion current LCU in 2022. ◆ Volatile
Taxes on international trade in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on international trade in India is 1.35 trillion current LCU, measured in 2022.
The figure is down 27.9% over ten years.
Over the whole period, taxes on international trade in India peaked at 2.23 trillion current LCU in 2016 and was at its lowest, 14.89 billion current LCU, in 1975.
India ranks 20th of 155 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.75 billion current LCU | 14.89 billion current LCU | 29.24 billion current LCU | 6 |
| 1980s | 94.92 billion current LCU | 35.06 billion current LCU | 180.36 billion current LCU | 10 |
| 1990s | 323.55 billion current LCU | 206.44 billion current LCU | 484.19 billion current LCU | 10 |
| 2000s | 677.62 billion current LCU | 402.68 billion current LCU | 1.04 trillion current LCU | 10 |
| 2010s | 1.70 trillion current LCU | 1.12 trillion current LCU | 2.23 trillion current LCU | 9 |
| 2020s | 1.35 trillion current LCU | 1.35 trillion current LCU | 1.35 trillion current LCU | 1 |
Countries ranked near India
- 17 Cote d'Ivoire 1.75 trillion current LCU compare
- 18 Madagascar 1.68 trillion current LCU compare
- 19 Democratic Republic of Congo 1.52 trillion current LCU compare
- 21 Iraq 952.68 billion current LCU compare
- 22 Philippines 916.67 billion current LCU compare
- 23 Chile 671.10 billion current LCU compare
More public sector data for India
- Arms imports 1.17 billion SIPRI trend indicator values (2024)
- Tax revenue 6.9% (2022)
- Taxes on income, profits and capital gains 34.8% (2022)
- Taxes on goods and services 32.6% (2022)
- Net investment in nonfinancial assets 0.9% (2022)
- Net lending (+) / net borrowing (-) -5.3% (2022)
- Interest payments 34.0% (2022)
- Grants and other revenue 26.0% (2022)
- Interest payments 23.2% (2022)
- Other taxes 1.0% (2022)
Frequently asked questions
- What is taxes on international trade in India?
- Taxes on international trade in India was 1.35 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in India?
- The highest recorded value was 2.23 trillion current LCU in 2016.
- What is the lowest taxes on international trade recorded in India?
- The lowest recorded value was 14.89 billion current LCU in 1975.
- How does India rank for taxes on international trade?
- India ranks 20th out of 155 countries with data for 2022.
- Is taxes on international trade rising or falling in India?
- Over the last ten years it is down 27.9%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.