POLITICS & SOCIETY

Exports from India

 Table of Contents

01 Trade overview Share of Indian exports FY 2022, by leading destination country 21

Engineering products export value from India FY 2021, by leading destination 22
Leading export countries worldwide 2021 03
Gems and jewelry export value in India FY 2022, by leading destination 23
Export of goods from India 2021 04
Drugs and pharmaceutical export value India FY 2021, by leading destination 24
Trade balance to GDP ratio in India FY 2015-2022 05
Ready-made garment export value from India FY 2022, by leading destination 25
Total export and import of goods to GDP ratio in India FY 2015-2022 06
Export value of rice from India FY 2022, by leading destination 26
Export value of goods and services in GDP at current prices India FY 2012-2022 07
Value of exports from India to South Asia FY 2022, by destination country 27
Export volume index of foreign trade India FY 2014-2021 08
Value of Indian exports to the EU FY 2022 28
Monthly merchandise export growth India 2020-2022 09
Value of exports from India to North Africa FY 2022, by destination country 29

02 Leading export commodities

Export value from India FY 2022, by commodity 11
Engineering goods export value India FY 2011-2021 12
Value of gems and jewelry exported from India FY 2022, by type 13
Export value of petroleum products from India FY 2011-2022 14
Drugs and pharmaceuticals export value from India FY 2011-2021 15
Ready-made garments export value India FY 2011-2022 16
Export value of rice from India FY 2011-2022 17
Plastic and linoleum export value from India FY 2011-2022 18

03 Leading export destination

Value of Indian exports FY 2022, by world region 20

1
CHAPTER 01

Trade overview
 Leading export countries worldwide in 2021 (in billion U.S. dollars)
Leading export countries worldwide 2021

Value in billion U.S. dollars

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000

China 3,363.96

United States 1,754.58

Germany 1,631.82

Netherlands 835.99

Japan 756.03

Hong Kong 669.9

South Korea 644.4

Italy 610.29

France 585.04

Belgium 543.31

Canada 503.37

Mexico 494.26

Russian Federation 494.03

United Kingdom 468.06

Singapore 457.36

3 Description: The value of exports of China amounted to almost 3.36 trillion U.S. dollars in 2021, which placed this country on place one in the ranking of countries with highest exports globally. Read more
Note(s): Worldwide
Source(s): WTO
 India: Export of goods from 2011 to 2021 (in billion U.S. dollars)
Export of goods from India 2021

450

395.42
400

350 324.78 324.34

314.85 322.69
Exports in billion U.S. dollars

302.91 296.83 299.24

300 276.41
267.95 264.54
250

200

150

100

50

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

4 Description: The statistic shows the value of exports of goods from India from 2011 to 2021. In 2021, goods with a value of around 395.42 billion U.S. dollars were exported from India. Read more
Note(s): India
Source(s): WTO
 Trade balance to GDP ratio in India from financial year 2015 to 2021, with
an estimate for 2022
Trade balance to GDP ratio in India FY 2015-2022

0.0%

-1.0%

-2.0%
Trade balance to GDP ratio

-3.0%

-4.0% -3.8%

-5.0%
-4.9%

-6.0% -5.6%
-6% -5.9%
-6.2%
-7.0% -6.7%
-7.1%
-8.0%
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022*

5 Description: In fiscal year 2022, the trade balance to gross domestic product ratio in India was down 5.9 percent. This was a decrease as compared to the previous fiscal year when the trade balance to GDP ratio was down 3.8 percent. Read more
Note(s): India; FY 2015 to FY 2021; *Provisional data India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021. Read more
Source(s): Department of Commerce (India); Ministry of Agriculture and Farmers Welfare (India); Reserve Bank of India
 Total export and import of goods to GDP ratio in India from financial year
2015 to 2021, with an estimate for 2022
Total export and import of goods to GDP ratio in India FY 2015-2022

45%

40% 38.2%
Export and import of goods to GDP ratio

35% 33%
31.7% 31.5%
29.4% 29.3%
30% 28.2%
26%
25%

20%

15%

10%

5%

0%
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022*

6 Description: In fiscal year 2022, the estimated ratio of India's total exports and imports of goods to the GDP stood at 33 percent. This was an increase as compared to previous fiscal year when the ratio of India's total exports and imports of goods to the GDP was at 26
percent. Read more
Note(s): India; FY 2015 to FY 2021; *Provisional value. India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022. One Indian rupee is equal to 0.012 euros and 0.013 dollars (as of [...] Read more
Source(s): Reserve Bank of India
 Export value of goods and services in gross domestic product at current prices across India
from financial year 2012 to 2018, with estimates until 2022 (in trillion Indian rupees)
Export value of goods and services in GDP at current prices India FY 2012-2022

50
46.77
45
Value of exports in trillion Indian rupees

40 37.66 37.51 36.85

35 32.12
28.57 28.64 29.49
30 27.29
24.4
25
21.44
20

15

10

0
FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019* FY 2020** FY 2021*** FY 2022****

7 Description: In fiscal year 2022, the export value of goods and services as a part of the GDP in India was estimated to be over 46 trillion Indian rupees. This was a significant increase from the previous year's export value. Read more
Note(s): India; FY 2012 to FY 2018; Base year = FY 2012; *Second revised estimates. **First revised estimates. ***Provisional estimates. ****First advanced estimates. India's financial year begins in April and ends in March. For example, FY 2016 [...] Read more
Source(s): MOSPI; Union Budget (India)
 Export volume index of foreign trade across India from financial year 2014
to 2021
Export volume index of foreign trade India FY 2014-2021

250
224

200
200 186

155
145
150 139
Index value

125
116

100

50

0
FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

8 Description: In financial year 2021, the export volume index of foreign trade in India was 116. This was significantly lower than the previous year. A peak in the export volume was reached in financial year 2017 with an index of 224. Read more
Note(s): India; FY 2014 to FY 2021; base year = FY 2013
Source(s): DGCI&S; Union Budget (India)
 Growth of monthly merchandise export in India from January 2020 to
September 2022
Monthly merchandise export growth India 2020-2022

250%

200%
Merchandise export growth

150%

100%

50%

0%

-50%

-100%
ov er 0

ov er 1

2
Fe uar 20

Fe ary 21
be 020

be 021
ec ber 20

ec ber 21
ch 20

ch 1

ch 2
ril 0

ne 0
Ju 020

ril 1

ne 1
Ju 021

ril 2

ne 2
Ju 022
ay 0

ay 1

ay 2

2
0

O er 0

O er 1
ry 1

be 022
N tob 02

N ob 02

02
ar 02

ar 02
Ap 202

Ju 02

Ap 202

Ju 02

Ap 202

Ju 02
M 02

Se ugu 02

M 02

Se gu 02

M 02

Se ugu 02
ua 02

b 02

2
ua 02

ua 02
0

nu 20
0

0
0

0
2

r2
Ja r 2
em 2

em 2
em 2

em 2
M y2

M y2
2

2
2

A ly 2

Au ly 2

A ly 2
2

em t 2

em t 2
2

em t 2
r
y

s
r

r
ar

b
ar
nu

M
br

br

br
ct
c
Ja

Ja
pt

pt

pt
Fe

D
9 Description: In September 2022, merchandise export growth was 4.82 percent in India. This was a decrease as compared to the previous month when the monthly merchandise export growth was 10.95 percent. By contrast, the merchandise export growth was 64
percent in March 2021. Read more
Note(s): India; January 2020 to September 2022
Source(s): Department of Commerce (India)
CHAPTER 02

Leading export commodities

 Estimated value of leading commodities exported from India in financial
year 2022 (in billion Indian rupees)
Export value from India FY 2022, by commodity

Export value in billion Indian rupees

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

Engineering goods 8,361.28

Petroleum products 5,038.5

Gems and jewelry 2,914.81

Organic and inorganic chemicals 2,189.07

Drugs and pharmaceuticals 1,833.4

Ready-made garments - all textiles 1,194.74

Cotton yarn, fabrics, made-ups, handloom products 1,140.3

Plastic and linoleum 731.95

Rice 721.16

Marine products 579.1

11 Description: India's most exported commodity was engineering goods, valued at over 8.4 trillion Indian rupees in fiscal year 2022. This includes products made from iron and steel, non-ferrous metals, industrial machinery, and automobiles among others. Petroleum
products came in second that year at over five trillion rupees followed by gems and jewelry exports. Read more
Note(s): India; FY 2022; provisional data
Source(s): DGCI&S; Reserve Bank of India
 Value of engineering goods exports in India from financial year 2011 to
2019, with estimates until 2021 (in billion Indian rupees)
Engineering goods export value India FY 2011-2021

7,000

6,000
Export value in billion Indian rupees

5,000

4,000

3,000

2,000

1,000

0
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

12 Description: India exported engineering goods worth more than 5.6 trillion Indian rupees in fiscal year 2021, an increase from the previous fiscal year. The engineering products accounted for one-fourth of the country's total merchandise exports, and the United
States was its leading importer. These included iron and steel products, non-ferrous metals, industrial machinery, and automobiles, among others. Read more
Note(s): India; FY 2011 to FY 2019
Source(s): DGCI&S; Reserve Bank of India
 Export value of gems and jewelry in India in financial year 2022, by type (in
million U.S. dollars)
Value of gems and jewelry exported from India FY 2022, by type

Export value in million U.S. dollars

0 5,000 10,000 15,000 20,000 25,000 30,000

Pearl, precious and semi-precious stones 26,236.48

Gold and precious metal jewelry 11,058.79

Gold 76.71

Silver 49.19

Other precious and base metals 235.1

13 Description: India exported pearl, precious and semi-precious jewelry valued at approximately 26.2 billion U.S. dollars in financial year 2022. This made the type of gems and jewelry with the highest exports in terms of value. On the other hand, silver had the lowest
value during the period in consideration. Read more
Note(s): India; FY 2022
Source(s): Department of Commerce (India); DGCI&S
 Value of petroleum products exported from India from financial year 2011
to 2021, with an estimate for 2022 (in billion Indian rupees)
Export value of petroleum products from India FY 2011-2022

6,000

5,000
Export value in billion Indian rupees

4,000

3,000

2,000

1,000

0
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022

14 Description: In fiscal year 2022, the export value for petroleum products from India amounted to an estimated five trillion Indian rupees. This was a drastic increase in the value of petroleum product exports from India compared to the previous financial year. Read
more
Note(s): India; FY 2011 to FY 2022
Source(s): DGCI&S; Reserve Bank of India
 Value of drugs and pharmaceuticals exported from India from financial
year 2011 to 2019, with estimates until 2021 (in billion Indian rupees)
Drugs and pharmaceuticals export value from India FY 2011-2021

2,000
1,812.59
1,800

1,600
Export value in billion Indian rupees

1,467.51
1,400 1,339.41

1,200 1,106.6 1,125.5 1,114.09

1,000 943.5
904.15
784.88
800
630.21
600
476.62

400

200

0
FY 2011 FY 2012 FY 2013 FY2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

15 Description: In fiscal year 2021, India exported drugs and pharmaceuticals worth over 1.8 trillion Indian rupees. This was an increase compared to the previous fiscal year's export value of over 1.4 trillion rupees. Read more
Note(s): India; FY 2011 to FY 2019
Source(s): DGCI&S; Reserve Bank of India
 Value of ready-made garments exported from India from financial year
2011 to 2022 (in billion Indian rupees)
Ready-made garments export value India FY 2011-2022

1,400

1,200
Export value in billion Indian rupees

1,000

800

600

400

200

0
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022*

16 Description: In fiscal year 2022, India exported ready-made garments worth of more than 1194 billion Indian rupees, an increase compared to the previous year with around 906 billion Indian rupees. Ready-made garments exported included all textiles. Read more
Note(s): India; FY 2011 to FY 2022; *Provisional data India's financial year starts in April and ends in March. For example, FY 2019 started in April 2018 and ended in March 2019. One Indian rupee is equal to 0.013 U.S. dollars and 0.013 euros (as of [...] Read more
Source(s): DGCI&S; Reserve Bank of India
 Value of rice exported from India from financial year 2011 to 2022 (in
billion Indian rupees)
Export value of rice from India FY 2011-2022

800
721.16
700 654.05
Export value in billion Indian rupees

600
539.75
503.08
500 470.87 480.28
454.27

382 384.4
400
338.58

300
241.09

200
115.86
100

0
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022*

17 Description: India exported rice amounting to nearly 721 billion India rupees in fiscal year 2022. This was a significant increase from the previous year which had exports valued at over 654 billion Indian rupees. This variety of cereal was not only the leading export
products, but also widely consumed in the country. Read more
Note(s): India; FY 2011 to FY 2022; *Provisional data India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017. One Indian rupee is equal to 0.013 U.S. dollars and 0.013 euros (as of [...] Read more
Source(s): DGCI&S; Reserve Bank of India
 Value of plastic and linoleum exported from India from financial year 2011
to 2022 (in billion Indian rupees)
Plastic and linoleum export value from India FY 2011-2022

800

700
Export value in billion Indian rupees

600

500

400

300

200

100

0
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022

18 Description: In fiscal year 2022, India's exports of plastic and linoleum amounted to nearly 732 billion Indian rupees. This was an increase compared to the previous year of approximately 178 billion Indian rupees. Read more
Note(s): India; FY 2011 to FY 2022
Source(s): DGCI&S; Reserve Bank of India
CHAPTER 03

Leading export destination

 Value of Indian exports in financial year 2022, by world region (in billion
U.S. dollars)
Value of Indian exports FY 2022, by world region

Export value in billion U.S. dollars

0 10 20 30 40 50 60 70 80 90 100

Europe 86.15

NAFTA 84.31

WANA 60.45

North east Asia 49.3

ASEAN 42.33

South Asia and Iran 35.63

Africa 33.04

Latin America 14.93

Oceania 8.94

CIS 4.71

20 Description: The highest value of Indian exports were traded with countries in Europe at nearly 86 billion U.S. dollars in fiscal year 2022. North American countries followed with over 84 billion-worth of Indian exports in the same time period. Read more
Note(s): Asia, India; FY 2022
Source(s): Department of Commerce (India); DGCI&S
 Share of leading destinations for Indian exports in financial year 2022, by
destination country
Share of Indian exports FY 2022, by leading destination country

Share of exports
0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%

United States

United Arab Emirates

China

Bangaldesh

Netherlands

Singapore

Hong Kong

United Kingdom

Belgium

Germany

21 Description: The United States was the largest export destination for Indian exports in fiscal year 2022, accounting for nearly 18 percent. United Arab Emirates followed at over six percent of India's exports that same year. Read more
Note(s): India; FY 2022
Source(s): Department of Commerce (India); DGCI&S
 Value of engineering products exported from India in financial year 2021,
by leading destination (in billion Indian rupees)
Engineering products export value from India FY 2021, by leading destination

Export value in billion Indian rupees

0 100 200 300 400 500 600 700 800 900

United States

United Arab Emirates

Germany

Singapore

Malaysia

Bangladesh

United Kingdom

Italy

Sri Lanka

Hong Kong

22 Description: In fiscal year 2021, India exported engineering products worth of close to 838 billion Indian rupees to United States. The country's most exported commodity was engineering goods that year. Read more
Note(s): Worldwide, India; FY 2021; provisional
Source(s): DGCI&S; Reserve Bank of India
 Value of gems and jewelry exported from India in financial year 2022, by
leading destination (in billion Indian rupees)
Gems and jewelry export value in India FY 2022, by leading destination

Export value in billion Indian rupees

0 200 400 600 800 1,000 1,200

United States 1,089.04

Hong Kong 698.86

United Arab Emirates 368.53

Belgium 204.29

Israel 109.84

Thailand 86.91

United Kingdom 56.7

Singapore 51.5

Japan 29.32

Switzerland 11.74

23 Description: The United States accounted for the highest value in the export of precious gems and jewelry from India in financial year 2022, at nearly 1.1 trillion Indian rupees. Hong Kong and the United Arab Emirates ranked second and third, respectively. Gems and
jewelry made up nearly nine percent of the exports from the South Asian country in financial year 2021. Read more
Note(s): Worldwide, India; FY 2022; Provisional data
Source(s): DGCI&S; Reserve Bank of India
 Value of drugs and pharmaceutical exported from India in financial year
2021, by leading destination (in billion Indian rupees)
Drugs and pharmaceutical export value India FY 2021, by leading destination

Export value in billion Indian rupees

0 100 200 300 400 500 600 700

United States

United Kingdom

Russia

Germany

Brazil

Netherlands

People's Republic of China

United Arab Emirates

Italy

Hong Kong

24 Description: India exported drugs and pharmaceuticals worth about 572 billion Indian rupees in fiscal year 2021 to the United States, making it the highest value of exports in this sector. United Kingdom came in second at about 53 billion rupees that year. Read more
Note(s): Worldwide, India; FY 2021; provisional
Source(s): DGCI&S; Reserve Bank of India
 Value of ready-made garments exported from India in financial year 2022,
by leading destination (in billion Indian rupees)
Ready-made garment export value from India FY 2022, by leading destination

Export value in billion Indian rupees

0 50 100 150 200 250 300 350 400 450

United States

United Arab Emirates

United Kingdom

Germany

France

Netherlands

Italy

Canada

Japan

Russia

25 Description: India exported ready-made garments worth over 398 billion Indian rupees to the United States in fiscal year 2022. RMG was one among the leading export commodities of the country. During fiscal year 2022, RMG cotton accounted for the largest value
among textile exports. Read more
Note(s): Worldwide, India; FY 2022; provisional figures
Source(s): DGCI&S; Reserve Bank of India
 Value of rice exported from India in financial year 2022, by leading
destination (in billion Indian rupees)
Export value of rice from India FY 2022, by leading destination

Export value in billion Indian rupees

0 10 20 30 40 50 60

Saudi Arabia

Bangladesh

United Arab Emirates

Yemen Republic

United States

Kuwait

United Kingdom

South Africa

Singapore

France

26 Description: Saudi Arabia was the leading importer of Indian rice in terms of export value of over 53 billion Indian rupees in financial year 2022. The south Asian country was the leading exporter of the fragrant basmati rice to global markets that year. Read more
Note(s): Worldwide, India; FY 2022; provisional figures.
Source(s): DGCI&S; Reserve Bank of India
 Value of exports from India to South Asia in financial year 2022, by
destination country (in million U.S. dollars)
Value of exports from India to South Asia FY 2022, by destination country

Export value in million U.S. dollars

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000

Bangladesh 16,129.73

Maldives 9,634.06

Sri Lanka 877.09

Bhutan 670.4

Afghanistan 554.47

Nepal 513.82

Pakistan 327

27 Description: The value of Indian exports to Bangladesh was the highest among countries in South Asia in fiscal year 2022, valued at nearly 16.13 billion U.S. dollars. Maldives, on the other hand accounted for over 9.63 billion U.S. dollars for Indian exports during that
year. Read more
Note(s): Asia, India; FY 2022
Source(s): Department of Commerce (India)
 Value of Indian exports to the European Union in financial year 2022, by
country of destination (in million U.S. dollars)
Value of Indian exports to the EU FY 2022

Export value in million U.S. dollars

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000

Netherlands 12,543.69

Belgium 10,084.37

Germany 9,883.34

Italy 8,180.76

France 6,640.91

Spain 4,725.45

Poland 2,723.94

Portugal 1,191.8

Greece 1,077.45

Sweden 1,035.97

Denmark 944.15

Ireland 687.95

Czech Republic 628.23

Romania 592.74

Austria 564.32

28 Description: The Netherlands had the highest value of Indian exports within the European Union in fiscal year 2022. This amounted to over 12.54 billion U.S. dollars. Belgium ranked second that year with an export value of over ten billion U.S. dollars. Read more
Note(s): India, EU; FY 2022
Source(s): Department of Commerce (India)
 Value of exports from India to North Africa in financial year 2022, by
destination country (in million U.S. dollars)
Value of exports from India to North Africa FY 2022, by destination country

Export value in million U.S. dollars

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000

Egypt 3,743.92

Sudan 1,077.25

Morocco 962.28

Algeria 703.25

Tunisia 265

Libya 239.6

29 Description: The value of Indian exports to Egypt was valued at over 3.7 billion U.S. dollars during fiscal year 2022. This was the highest export value among the other countries in North Africa. Sudan followed with about one billion dollars. North African countries
accounted for 1.69 percent of all exports from India that year. Read more
Note(s): Worldwide, India; FY 2022
Source(s): Department of Commerce (India)
 Sources

Department of Commerce (India)

DGCI&S
Ministry of Agriculture and Farmers Welfare (India)
MOSPI
Reserve Bank of India
Union Budget (India)
WTO

30