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Toy Imports Down By 70% And Exports Up 61%: Centre

The import of toys to India has reduced from USD 371 million in FY 2018-19 to USD 110 million in FY 2021-22 thus showing a decrease of 70.35 per cent, the ministry said

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The import of toys is down by 70 per cent in the last three years while exports rose by 61 per cent over the last three years as Make in India yields positive results for the sector, said the Ministry of Commerce and Industry on Tuesday. 

For HS codes 9503, 9504, and 9505, the import of toys to India has reduced from USD 371 million in FY 2018-19 to USD 110 million in FY 2021-22 thus showing a decrease of 70.35 per cent, the ministry said. 

For HS Code 9503, toy imports have decreased even faster, from USD 304 Mn in FY 2018-19 to USD 36 million in FY 2021-22 for HS Code 9503. 

 Additionally, the exports have jumped by 61.38 per cent over the same period. For HS Codes 9503, 9504, and 9505, the export of toys has increased from USD 202 Mn in FY 2018-19 to USD 326 Mn in FY 2021-22, up by 61.39 per cent. 

For HS Codes 9503, exports of Toys have increased from USD 109 Mn in FY 2018-19 to USD 177 million in FY 2021-22.

 


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Toy Imports toys exports