India

India Trade Balance March 2022

India: Merchandise exports increase in March

Merchandise exports shot up 17.2% in annual terms in March, on the heels of February’s 23.8% upturn. The figure marked the slowest expansion since February 2021. Meanwhile, merchandise imports climbed 22.1% over the same month last year in March (February: +36.8% yoy), marking the weakest result since February 2021.

As a result, the merchandise trade balance improved from the previous month, recording a USD 18.7 billion deficit in March (February 2022: USD 20.9 billion deficit; March 2021: USD 13.9 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 199.4 billion deficit in March, compared to the USD 194.7 billion deficit in February.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest