Page 2 - Merchandise Exports

Merchandise exports likely to be around $470-480 bn in FY23: Commerce Secy

India's merchandise exports are likely to be around USD 470-480 billion in the current fiscal against USD 420 billion in 2021-22, Commerce Secretary BVR Subrahmanyam said on Tuesday. The secretary also said the trade deficit, which crossed USD 100 billion in the first four months of the current fiscal, will not cross the "discomfort level". Talking to reporters, Subrahmanyam said the merchandise trade during 2022-23 will be USD 470-480 billion and the services sector is likely to contribute another 280 billion. "We are pretty much on track," he said, adding the exact target for the fiscal may be announced later. India's overall exports (merchandise and services) touched an all-time high of USD 669.65 billion in April-March 2021-22, jumping by 34.50 per cent over the same period last year. On trade deficit, the secretary said it is likely to moderate in the coming months because softening of prices of oil and other commodities in the global market. "I think in totality we are not

New terms of trade

Policy establishment should build capacity

Exporters meet Piyush Goyal, flag concerns on demand from Western nations

According to preliminary data released by the commerce ministry on Tuesday, merchandise exports declined to a five-month low of $35.2 billion in July

Current account deficit likely to hit three-year high at $43.8 bn in FY22

The country's current account deficit is likely to hit a three-year high of 1.8 per cent or USD 43.81 billion in FY22, as against a surplus of 0.9 per cent or USD 23.91 billion in FY21, a report said

Exports in May up by 15.46% to $37.29 bn; trade deficit widens to $23.33 bn

Imports during the month grew by 56.14% to $60.62 billion

Exports rise 30.7% to $40.19 bn in Apr; trade deficit widens to $20.11 bn

Imports during the month of April under review grew by 30.97 per cent to USD 60.3 billion.

The $400 billion story: India's export boom mirrors neighbourhood surge

Many Asian peers exporting have seen increasing overseas demand

India exports rise to record high of $ 418-bn in FY22: Govt data

India's merchandise exports spurted to a record high of USD 418 billion in the 2021-22 fiscal on higher shipments of petroleum products, engineering goods, gem and jewellery and chemicals

India's merchandise exports likely to be at $111.3 bn in Q4 FY22: Exim

The country's merchandise exports are likely to be at USD 111.3 billion in the fourth quarter of the current fiscal, according to a forecast by India Exim Bank.

Feb exports rise 22% YoY to $33.8 bn; trade deficit widens to $21.19 bn

Remain above $30-bn mark but pace of growth slows for 2nd month in a row

Merchandise exports rise 28% YoY to $34.5 billion in January: Govt data

Merchandise exports grew 27.54 per cent year-on-year (YoY) to $34.5 billion in January as demand for Indian products remained robust.

Exports: Has white-collar success trumped India's blue-collar viability?

If India were trading in only goods, a massive deficit of about $150 bn would have forced down the rupee's value, making Indian manufactured goods cheaper in export markets, writes T N Ninan

Merchandise exports grow at a slower pace in January, touch $34 billion

However, consignment values remained above the $30 billion mark despite a rise in Omicron cases across the globe

On track to achieve $650-billion exports target in FY22: Piyush Goyal

India's merchandise exports in April-December was over $301 billion, achieving three fourth of its annual exports target of $400 billion in the first nine months of FY22

December merchandise exports up 40% YoY, hit record $37.81 billion

Outbound shipments up 29% sequentially; Cumulatively, exports in April-Dec crossed $301 bn, achieving three fourth of annual target of $400 bn in first nine months of FY22

India's share of global merchandise exports at an all-time high: Report

India is gaining share in manufacturing exports and share of global merchandise exports is now at an all-time high, Credit Suisse said in a report.

What is the road ahead for Indian exports; will momentum continue?

India's goal of clocking $400 bn in merchandise exports looks attainable this year. Look at the factors that are contributing to India's export growth and the risks that threaten to stall the momentum

India's merchandise exports to grow 51% in April-Dec 2021 period: Exim Bank

Shipment value to reach $303.98 billion, of which non-oil exports are estimated at $258.78 billion; up 41% YoY

Time to harvest the tailwind in exports

The current high tide in global trade offers an opportunity for India to get its exports strategy in order before growth dips again

Exports grow 11 months on trot, rise 43% to $35.65 billion in October

The widening of deficit was led by a surge in import of goods ahead of the festival season and the hardening of commodity prices