India: Growth of exports

* indicates monthly or quarterly data series
 India

Exports of goods and services, annual growth

 Latest value 1.52
 Year 2023
 Measure percent
 Data availability 1961 - 2023
 Average 8.52
 Min - Max -13.86 - 31.56
 Source The World Bank
The latest value from 2023 is 1.52 percent, a decline from 13.4 percent in 2022. In comparison, the world average is 5.19 percent, based on data from 130 countries. Historically, the average for India from 1961 to 2023 is 8.52 percent. The minimum value, -13.86 percent, was reached in 1965 while the maximum of 31.56 percent was recorded in 1970. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
India - Growth of exports - Recent values chart

Historical series
India - Growth of exports - historical chart - 1961-2023




Definition: Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 90.74 2021 percent
 Trade openness 45.85 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 21.89 2023 percent
 Exports, billion dollars 777.14 2023 billion U.S. dollars
 Growth of exports 1.52 2023 percent
 Imports, percent of GDP 23.96 2023 percent
 Imports, billion dollars 850.64 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.79 2023 percent
 Foreign Direct Investment, billion dollars 49.94 2022 billion U.S. dollars
 Portfolio investment inflows, equities 21,427.09 2023 million dollars (current)
 Current account, percent of GDP -1.20 2023 percent
 Current account, in dollars -32.34 2023 billion U.S. dollars
 Trade balance, percent of GDP -2.07 2023 percent
 Trade balance, in dollars -86.26 2023 billion U.S. dollars
 Reserves 627.79 2023 billion U.S. dollars
 Remittances, percent of GDP 3.52 2023 percent
 Remittances 125,000.00 2023 million U.S. dollars
 Net errors and omissions -315.99 2023 million USD
 External debt 18.42 2022 percent
 Short-term external debt 20.94 2022 percent
 Short-term debt to reserves 22.77 2022 percent
 Foreign exchange reserves 57,359.15 10/2024 billion
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