Exports in India
India - Exports
Exports and imports plummet in March
Merchandise exports decreased 34.6% in March from the same month a year earlier, contrasting the 2.9% increase in February and amounting to a total value of USD 21.4 billion. The decrease in shipments in March was broad based across the economy, with 29 out of the 30 major categories of shipments registering falls in the month, and due to the coronavirus pandemic hitting external demand. Merchandise imports, meanwhile, slumped 28.7% in March, contrasting the 2.5% increase in February and amounting to USD 31.2 billion; imports of oil, which constitute around one-third of total merchandise imports, fell 15.0%.
The merchandise trade deficit narrowed to USD 9.8 billion from the USD 11.0 billion shortfall in the same month a year earlier. The 12-month trailing sum of the trade deficit narrowed to USD 152.9 billion in March from USD 154.1 billion in February.
Our panelists forecast that exports and imports will expand 4.1% and 4.7% in FY 2020, respectively, bringing the merchandise trade deficit to USD 175.0 billion. In FY 2021, our panel projects exports and imports to expand 6.9% and 6.9%, respectively, resulting in a merchandise trade deficit of USD 177.0 billion.
India - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 262 | 275 | 305 | 331 | 314 |
India Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.50 | -0.04 % | Jan 01 |
| Exchange Rate | 71.23 | -0.09 % | Jan 01 |
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Economic News
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India: Inflation comes in at highest level since May 2014 in April
May 18, 2022
Consumer prices increased 1.43% in April over the previous month, picking up from the 0.96% rise recorded in March.
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India: Merchandise exports rise at a faster pace in April
May 13, 2022
Merchandise exports soared 30.7% annually in April (March: +19.8% year-on-year), chiefly on the back of rising shipments of food and grains.
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India: Industrial output growth rises in March
May 13, 2022
Industrial output grew 1.8% year-on-year in March (February: +1.5% yoy).
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India: Private-sector PMI rises in April
May 6, 2022
The composite Purchasing Managers’ Index (PMI) produced by S&P Global increased to 57.6 in April, from 54.3 in March.
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India: Inflation rises to over one-year high in March
April 15, 2022
Consumer prices increased 0.96% from the previous month in March, accelerating from the 0.24% rise recorded in February.
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