India

India Merchandise Exports

India Merchandise Exports

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

Note: This chart displays Exports (USD billion) for India from 2018 to 2017.
Source: Macrobond.

India Merchandise Exports Data

2019 2020 2021 2022 2023
Merchandise Exports (USD bn) 313 292 422 451 437
Merchandise Exports (ann. var. %) -5.1 -6.9 44.6 6.9 -3.1

Merchandise exports increase at a slower rate in June

Merchandise exports climbed 2.6% year on year in June (May: +9.1% yoy). Meanwhile, merchandise imports rose 5.0% on an annual basis in June (May: +7.7% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 21.0 billion shortfall in June (May 2024: USD 23.8 billion deficit; June 2023: USD 19.2 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 245.9 billion deficit in June, compared to the USD 244.1 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

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

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