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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Imports fell to 59.6B in April 2026
FMPMonthlyReleased April 2026
India Imports fell to 59.6B in April 2026, down 4.11B from March's 63.71B reading. The reading missed the 65B consensus by 5.4B. The print is running well below the 12-month average of 67.62B. Over the past 3 months, Imports averaged 66.69B, vs 71.59B in the prior 3-month window. Imports is now the lowest in 8 months.
Latest Release
59.6
Actual
65
Consensus
63.71
Previous
Median Absolute Error
±4.98 billion
across last 12 releases
Last Call
Nov 2025
Predicted: 70.67
Actual: 76.06
Error: -5.39
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.65 | INDEX | Bearish S&P 500 | → View |
| XAU/USD | ▼ Inverse | −0.45 | COMMODITIES | Bearish XAU | → View |
| BTC/USD | ▼ Inverse | −0.44 | CRYPTO | Bearish BTC | → View |
| Hang Seng | ▼ Inverse | −0.30 | INDEX | Bearish Hang Seng | → View |
| NIFTY 50 | ▼ Inverse | −0.30 | INDEX | Bearish NIFTY 50 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Imports (India) was reported at 73.41 billion in June 2026. The reading rose from the previous value of 71.94 billion. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 65.31 billion, ranging from 53.92 billion to 76.06 billion across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 68.96 billion, up from the prior three at 67.42 billion. Volatility over the past year (σ 5.91 billion) is higher than the prior year (σ 5.12 billion). In May readings over the past 3 years, Imports has averaged 63.65 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 4.98 billion.
WHAT TO WATCH NEXT
The next release is scheduled for June 16, 2026. Same-country events in the next 14 days include MPC Meeting Minutes (Jun 19) and Monetary Policy Meeting Minutes (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Imports - IN
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About Imports — India
DEFINITION
Imports refer to the goods and services that a country purchases from other countries. This financial indicator is used to measure the amount of foreign goods and services that are brought into a country, and is an important factor in determining a country's trade balance and overall economic health. High levels of imports can indicate a strong demand for foreign products, while low levels may suggest a weaker economy or a focus on domestic production. Tracking imports can provide valuable insights into a country's trade relationships and global economic trends.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 73.41 B. Prior reading (May 2026): 73.41 B. Before that (Apr 2026): 71.94 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.65) — a useful reference for index-focused traders.