Trade watch: Low demand for goods from China, others sinks imports

Import from India's key crude oil suppliers -- Saudi Arabia and Iraq -- contracted 14.3 per cent and 11.2 per cent, respectively

Shreya Nandi | New Delhi
Last Updated at February 16, 2023 23:01 IST

Photo: Bloomberg

A decline in demand from six of India’s top 10 import partners -- China, Saudi Arabia, Iraq, South Korea, Australia, and Singapore -- resulted in India’s imports hitting a 17-month low of $50.6 billion in January, showed the data compiled by the department of commerce.

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