Merchandise exports by the reporting economy (current US$) in India
India: Merchandise exports by the reporting economy (current US$) was 429.09 billion current US$ in 2023. ◆ Volatile
Latest (2023)
429.09 billion current US$
Change on year
down 4.7%
World rank
16th
of 206 countries
All-time high
450.32 billion current US$
in 2022
All-time low
1.20 billion current US$
in 1960
Years of data
64
1960–2023
Merchandise exports by the reporting economy in India, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for merchandise exports by the reporting economy in India is 429.09 billion current US$, measured in 2023.
That represents a change of down 4.7% on the previous year and up 41.3% over ten years.
Over the whole period, merchandise exports by the reporting economy in India peaked at 450.32 billion current US$ in 2022 and was at its lowest, 1.20 billion current US$, in 1960.
India ranks 16th of 206 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) in India, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 1.20 billion current US$ | — |
| 1961 | 1.25 billion current US$ | +4.0% |
| 1962 | 1.23 billion current US$ | -1.7% |
| 1963 | 1.37 billion current US$ | +11.9% |
| 1964 | 1.42 billion current US$ | +3.6% |
| 1965 | 1.34 billion current US$ | -5.4% |
| 1966 | 1.29 billion current US$ | -3.7% |
| 1967 | 1.31 billion current US$ | +1.3% |
| 1968 | 1.42 billion current US$ | +8.5% |
| 1969 | 1.45 billion current US$ | +2.1% |
| 1970 | 1.60 billion current US$ | +10.2% |
| 1971 | 1.68 billion current US$ | +4.7% |
| 1972 | 1.92 billion current US$ | +14.7% |
| 1973 | 2.41 billion current US$ | +25.3% |
| 1974 | 3.18 billion current US$ | +32.0% |
| 1975 | 3.65 billion current US$ | +15.1% |
| 1976 | 4.28 billion current US$ | +17.2% |
| 1977 | 4.92 billion current US$ | +15.0% |
| 1978 | 5.58 billion current US$ | +13.3% |
| 1979 | 6.52 billion current US$ | +16.9% |
| 1980 | 6.60 billion current US$ | +1.3% |
| 1981 | 4.99 billion current US$ | -24.5% |
| 1982 | 5.97 billion current US$ | +19.7% |
| 1983 | 6.12 billion current US$ | +2.6% |
| 1984 | 6.39 billion current US$ | +4.4% |
| 1985 | 6.23 billion current US$ | -2.6% |
| 1986 | 7.12 billion current US$ | +14.3% |
| 1987 | 8.86 billion current US$ | +24.4% |
| 1988 | 10.62 billion current US$ | +19.8% |
| 1989 | 15.14 billion current US$ | +42.6% |
| 1990 | 13.29 billion current US$ | -12.3% |
| 1991 | 14.96 billion current US$ | +12.6% |
| 1992 | 17.48 billion current US$ | +16.8% |
| 1993 | 19.68 billion current US$ | +12.6% |
| 1994 | 22.83 billion current US$ | +16.0% |
| 1995 | 28.20 billion current US$ | +23.5% |
| 1996 | 30.80 billion current US$ | +9.2% |
| 1997 | 34.17 billion current US$ | +10.9% |
| 1998 | 33.44 billion current US$ | -2.2% |
| 1999 | 35.80 billion current US$ | +7.1% |
| 2000 | 41.14 billion current US$ | +14.9% |
| 2001 | 41.16 billion current US$ | +0.1% |
| 2002 | 49.65 billion current US$ | +20.6% |
| 2003 | 60.76 billion current US$ | +22.4% |
| 2004 | 74.97 billion current US$ | +23.4% |
| 2005 | 97.93 billion current US$ | +30.6% |
| 2006 | 120.25 billion current US$ | +22.8% |
| 2007 | 153.37 billion current US$ | +27.5% |
| 2008 | 191.51 billion current US$ | +24.9% |
| 2009 | 160.62 billion current US$ | -16.1% |
| 2010 | 219.87 billion current US$ | +36.9% |
| 2011 | 291.94 billion current US$ | +32.8% |
| 2012 | 292.37 billion current US$ | +0.1% |
| 2013 | 303.57 billion current US$ | +3.8% |
| 2014 | 314.64 billion current US$ | +3.6% |
| 2015 | 263.89 billion current US$ | -16.1% |
| 2016 | 259.50 billion current US$ | -1.7% |
| 2017 | 294.09 billion current US$ | +13.3% |
| 2018 | 320.67 billion current US$ | +9.0% |
| 2019 | 322.31 billion current US$ | +0.5% |
| 2020 | 275.08 billion current US$ | -14.7% |
| 2021 | 393.56 billion current US$ | +43.1% |
| 2022 | 450.32 billion current US$ | +14.4% |
| 2023 | 429.09 billion current US$ | -4.7% |
India compared with similar countries
- India's 429.09 billion current US$ is above the median for lower middle income countries, which is 5.68 billion current US$, 75.6× the median. (47 countries reporting)
- India's 429.09 billion current US$ is above the median for South Asia, which is 6.38 billion current US$, 67.2× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.33 billion current US$ | 1.20 billion current US$ | 1.45 billion current US$ | 10 |
| 1970s | 3.57 billion current US$ | 1.60 billion current US$ | 6.52 billion current US$ | 10 |
| 1980s | 7.80 billion current US$ | 4.99 billion current US$ | 15.14 billion current US$ | 10 |
| 1990s | 25.07 billion current US$ | 13.29 billion current US$ | 35.80 billion current US$ | 10 |
| 2000s | 99.14 billion current US$ | 41.14 billion current US$ | 191.51 billion current US$ | 10 |
| 2010s | 288.29 billion current US$ | 219.87 billion current US$ | 322.31 billion current US$ | 10 |
| 2020s | 387.01 billion current US$ | 275.08 billion current US$ | 450.32 billion current US$ | 4 |
Countries ranked near India
More private sector data for India
- Merchandise trade 30.3% (2025)
- Food imports 5.1% (2024)
- Manufactures imports 46.5% (2024)
- Merchandise imports 753.48 billion current US$ (2025)
- Food exports 11.1% (2024)
- Manufactures exports 67.1% (2024)
- Merchandise exports 445.28 billion current US$ (2025)
- Merchandise exports (current US$), per capita 304.18 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1126 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 0.5401 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy in India?
- Merchandise exports by the reporting economy in India was 429.09 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in India?
- The highest recorded value was 450.32 billion current US$ in 2022.
- What is the lowest merchandise exports by the reporting economy recorded in India?
- The lowest recorded value was 1.20 billion current US$ in 1960.
- How does India rank for merchandise exports by the reporting economy?
- India ranks 16th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in India?
- Over the last ten years it is up 41.3%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.