Latest reading: Merchandise exports were broadly stable in June, falling just 0.1% year-on-year, following May’s 2.2% fall. Meanwhile, merchandise imports...
Merchandise Exports in India
Merchandise exports were worth USD 437 billion in 2024 in India compared to USD 310 billion ten years earlier, and averaged USD 349 billion over the last decade. For more exports information, visit our dedicated page.
India Merchandise Exports Chart
Note: This chart displays Exports (USD billion) for India from 2018 to 2024.
Source: Macrobond.
India Merchandise Exports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 292 | 422 | 451 | 437 | 437 |
| Merchandise Exports (ann. var. %) | -6.9 | 44.6 | 6.9 | -3.1 | 0.1 |
Merchandise exports fall at a slower pace in June
Latest reading: Merchandise exports were broadly stable in June, falling just 0.1% year-on-year, following May’s 2.2% fall. Meanwhile, merchandise imports fell 3.7% in annual terms in June (May: -1.7% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 18.8 billion shortfall in June (May 2025: USD 21.9 billion deficit; June 2024: USD 20.8 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 287.8 billion deficit in June, compared to the USD 289.9 billion deficit in May.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indian merchandise exports projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise exports forecast available for Indian merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indian merchandise exports projections.
Want to get access to the full dataset of Indian merchandise exports forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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India: Merchandise exports fall at a slower pace in June -
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