Merchandise Exports in India
Merchandise exports in India were worth USD 438 billion in 2022, compared to USD 314 billion ten years earlier, and averaged USD 326 billion over the last decade. For more exports information, visit our dedicated page.
India Merchandise Exports Chart
India Merchandise Exports Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Merchandise Exports (USD bn) | 330 | 313 | 292 | 422 | 438 |
Merchandise Exports (ann. var. %) | 8.8 | -5.1 | -6.9 | 44.7 | 3.8 |
Merchandise exports rise at a quicker pace in January
Merchandise exports shot up 12.2% on an annual basis in January (December: +11.5% year-on-year). The outturn marked the fastest increase since June 2022. Meanwhile, merchandise imports climbed 7.4% on an annual basis in January (December: +0.0% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 17.5 billion shortfall in January (December 2023: USD 19.8 billion deficit; January 2023: USD 17.8 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 248.2 billion deficit in January, compared to the USD 248.4 billion deficit in December.
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 6 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.
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