Top 10 Importers in India 2024

India continues to be a significant player in global trade, with a diverse range of companies importing goods to support their operations and meet the growing demand across various sectors. The top 10 importers in India for 2024 showcase the country's pivotal role in industries such as electronics, automotive, fashion, and eyewear. From leading electronics companies like Padget Electronics to prominent fashion retailers like Myntra Jabong, these importers contribute to India's expanding market by bringing in essential products and components from key international partners. This blog provides an overview of the major importers in India, highlighting their shipment volumes, product categories, and primary import countries.

Top 10 Importers in India 2024

The following insights are based on data from Trademo Intel, a global trade data platform, showcasing the top 10 exporters in India by shipment volume from January to October 2024.

1. Padget Electronics Pvt Ltd

Padget Electronics Pvt Ltd leads the electronics import market with a substantial shipment volume of 727.4k and a shipment value reaching $2.3 billion. This large volume reflects its significant role in the industry, suggesting the company’s demand for a wide array of electronic-related products.

The primary goods imported by Padget include mechanical and electronic equipment, totaling 593.08k shipments. Additionally, they bring in 83.56k shipments of rubber and plastic items related to electronics, along with 35.44k shipments of iron and steel articles. These items likely serve as essential components in their production and assembly processes.

China is Padget’s primary import partner, contributing 722.5k shipments, followed by Hong Kong with 2.95k shipments. These key partnerships enable Padget to meet its substantial demand for electronic components and materials efficiently.

2. Inditex Trent Retail India Pvt Ltd

Inditex Trent Retail India Pvt Ltd, a joint venture between Inditex and Tata’s Trent Ltd, ranks second with 514.4k shipments, valued at $114.3M. The company mainly imports apparel and fashion items, including products for Zara stores in India, to meet the growing demand for international fashion.

Top imports include apparel, clothing, and textiles with 431.97k shipments, along with dyes, pigments, and acids (24.28k shipments), accessories (22.88k shipments), leather goods (20.34k shipments), and precious stones, pearls, and metals (5.44k shipments).

The company’s main import partners are Turkey, with 305.98k shipments, followed by Spain with 120.56k shipments, and China with 82.06k shipments. These countries are key suppliers for Inditex Trent’s retail operations in India.

3. Toyota Kirloskar Motor Pvt Ltd

Toyota Kirloskar Motor Pvt Ltd, an automotive company, has a shipment count of 442.7k and a shipment value of $851.5M. The company primarily imports vehicles, automotive components, and parts, which support local production of Toyota vehicles while also meeting the demand for imported Toyota models.

The top goods imported by Toyota Kirloskar include vehicle equipment with 146.88k shipments, metal articles related to automobiles with 118.55k shipments, machinery and mechanical appliances with 92.20k shipments, and automotive parts and components with 63.17k shipments. These imports are essential for both the assembly of locally manufactured vehicles and the import of finished models.

Toyota Kirloskar's main import partners are Thailand, with 242.74k shipments, followed by Japan with 190.16k shipments, and Indonesia with 6.7k shipments. These countries are key suppliers that provide the necessary parts and vehicles for Toyota’s operations in India.

4. Maysquare Lifestyle Pvt Ltd

Maysquare Lifestyle Pvt Ltd, with 420.7k shipments valued at $7.3M, is likely involved in importing lifestyle and fashion products, such as apparel and accessories. The shipment value indicates a focus on lower-value goods, serving the lifestyle segment.

The main products imported by Maysquare Lifestyle include apparel, clothing, and textiles with 382.31k shipments, followed by precious stones, pearls, and metals with 171.13k shipments. The company also imports plastic or rubber items (11.32k shipments) and leather or fur articles (6.27k shipments), reflecting a diverse product range for the fashion and lifestyle market.

China is the primary source of imports for Maysquare Lifestyle, accounting for 418.55k shipments. This highlights China’s dominant role in providing affordable fashion and lifestyle goods for the company.

5. BMW India Pvt Ltd

BMW India Pvt Ltd imports 416.4k shipments valued at $373.9M. As a luxury automotive brand, BMW India primarily imports premium cars, parts, and accessories, catering to the growing demand in the country’s luxury automotive market.

The top products imported by BMW India include vehicle equipment with 279.97k shipments, machinery and mechanical equipment with 58.39k shipments, metal articles related to automobiles with 37.71k shipments, and automotive parts and components with 18.88k shipments. These imports are essential for maintaining and assembling luxury vehicles in India.

BMW India’s main import partners are Germany, with 293.65k shipments, followed by the United States with 97.67k shipments, and China with 23.17k shipments. These countries play a significant role in supplying premium automotive components and vehicles to support BMW’s operations in India.

6. Isuzu Motors India Pvt Ltd

Isuzu Motors India Pvt Ltd imports 402k shipments valued at $149.7M, primarily focusing on vehicles and automotive components. The company is known for importing commercial and utility vehicles, including trucks and SUVs, which are gaining popularity in the Indian market.

The top products imported by Isuzu Motors include metal articles related to automobiles with 183.13k shipments, vehicle equipment with 90.52k shipments, automotive parts and components with 78.26k shipments, and machinery and mechanical appliances with 32.12k shipments. These imports support the company's vehicle production and assembly processes.

Isuzu Motors' main import partners are Thailand, with 386.51k shipments, followed by Japan with 15.3k shipments. Thailand is the dominant supplier, likely providing a significant portion of the company’s vehicle components and finished vehicles.

7. Tata Motors Passenger Vehicles Ltd

Tata Motors Passenger Vehicles Ltd ranks seventh with 398k shipments valued at $209.8M. The company imports automotive parts, accessories, and possibly completed vehicles to support its diverse lineup, complementing its significant domestic production in India.

The top goods imported by Tata Motors include vehicle equipment with 240.89k shipments, machinery and mechanical appliances with 77.94k shipments, automotive parts and components with 36.69k shipments, and metal articles related to automobiles with 17.98k shipments. These imports are essential for assembling and maintaining the company’s vehicle models.

The primary source of Tata Motors’ imports is the United States, with 393.17k shipments. This highlights the importance of the U.S. as a key supplier of automotive parts and equipment for the company’s operations in India.

8. Myntra Jabong India Pvt Ltd

Myntra Jabong India Pvt Ltd, a leading online fashion retailer, imports 373k shipments valued at $28.8M. The company specializes in apparel, footwear, and accessories, with a large volume of imports to meet the demand of its extensive customer base in India's growing e-commerce sector.

The top goods imported by Myntra include apparel, clothing, and textiles with 358.19k shipments, followed by leather articles with 7.64k shipments, precious stones, pearls, and metals with 2.14k shipments, and personal accessories and adornments with 1.93k shipments. These products are key to Myntra’s extensive range of fashion offerings.

The primary countries from which Myntra imports are Turkey, with 275.93k shipments, followed by China with 83.54k shipments, Sri Lanka with 5.91k shipments, and Bangladesh with 5.58k shipments. These countries are crucial suppliers of fashion items to Myntra's platform.

9. Samsung India Electronics Pvt Ltd

Samsung India Electronics Pvt Ltd imports 357.4k shipments valued at $5.4B, focusing on a wide range of electronics, including mobile phones, consumer electronics, and components for local assembly. The company’s large import value highlights its significant role in the Indian electronics market.

The top products imported by Samsung include machinery and electronics items with 297.67k shipments, plastic items used in electronics with 22.88k shipments, metal articles with 22.03k shipments, and electronics accessories with 5.97k shipments. These imports are critical for Samsung’s operations in India, supporting both assembly and retail of electronic products.

Samsung India’s primary import partners are China with 100.1k shipments, followed by Vietnam with 84.79k shipments, South Korea with 60.6k shipments, Hong Kong with 34.62k shipments, and Taiwan with 17.83k shipments. These countries supply essential components and finished goods to meet the demands of the Indian market.

10. Luxottica India Eyewear Pvt Ltd

Luxottica India Eyewear Pvt Ltd handles 332.2k shipments valued at $35.8M, primarily importing eyewear products such as prescription glasses and sunglasses. The company plays a key role in meeting India’s growing demand for premium eyewear, including well-known brands like Ray-Ban.

The top product imported by Luxottica is optical goods, with 330.93k shipments. These products are essential for the company’s portfolio of eyewear, including both prescription and fashion eyewear.

Luxottica's primary import partners are China, with 295.31k shipments, and Italy, with 36.82k shipments. These countries are critical suppliers of optical materials and finished eyewear products, supporting the company’s operations in India.