India: share of exports by leading commodity 2022 | Statista (2024)

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India: share of exports by leading commodity 2022 | Statista? ›

Petroleum products accounted for the highest share in Indian exports in fiscal year 2022 at almost 16 percent. Jewelry was an important commodity of trade for the south Asian country - pearls and stones at nearly seven percent.

Overall share of goods exports in GDP increased to 13.3% in 2021-22 from 10.9% in 2020-21. The share of exports of goods and services in GDP has increased from 18.7% in 2020-21 to 21.4% in 2021-22.

India is a major exporter of petroleum products, including refined petroleum, naphtha, and liquefied petroleum gas (LPG). In fact, petroleum products are India's largest export, accounting for over 14% of the country's total export value by Export import data in India.

Exports of goods and services (% of GDP) in India was reported at 22.79 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources.

India's overall exports (Merchandise and Services combined) in April-December 2023* are estimated to be USD 565.04 Billion, exhibiting a negative growth of (-) 1.87 per cent over April-December 2022.

According to the latest World Trade Organization data India's rank among leading exporters of commercial services (excluding intra-EU trade) remained unchanged at 5 in 2023 from the preceding year, with its share remaining the same at 5.4 per cent.

India is the world's largest producer of milk, pulses and Jute. India ranks as the second-largest producer of rice, wheat, sugarcane, groundnut, vegetables, fruit and cotton.

India top imports include crude oil, coal, diamonds, chemicals, pharmaceuticals, rubber, plastics, electronics, and machinery, which account for 82% of all goods imports. China is still India's major import partner, followed by the US, UAE, Saudi Arabia, Iraq, and others.

The export value of fresh vegetables from India amounted to about 924 million U.S. dollars in fiscal year 2023. For processed vegetables, the value stood at nearly 508 million dollars in the same year.

How much does India export 2022? ›

The statistic shows the value of exports of goods from India from 2012 to 2022. In 2022, goods with a value of around 453.4 billion U.S. dollars were exported from India. Being one of the BRIC countries, India is one of the leading emerging market countries worldwide, and one of the fastest-growing economies.

Petroleum products accounted for the highest share in Indian exports in fiscal year 2022 at almost 16 percent. Jewelry was an important commodity of trade for the south Asian country - pearls and stones at nearly seven percent.

In its latest Global Trade Outlook and Statistics report, India's share of global goods exports was 1.8% in 2023 and imports was 2.8%. In digitally delivered services, India's share rose to 6% in 2023 from 4.4% in 2019.

China has emerged as the largest trading partner of India with $ 118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data of economic think tank GTRI.

Most exported products from India include Petroleum products, gems and jewellery, textiles and garments, medicines, organic and inorganic chemicals, machinery and equipment, iron and steel, cars, dairy products, and tea are among India's top ten exports.

India is the world's largest producer of milk, pulses and jute, and ranks as the second largest producer of rice, wheat, sugarcane, groundnut, vegetables, fruit and cotton.

Yearly Trade

In 2022, India exported a total of $468B, making it the number 15 exporter in the world. During the last five reported years the exports of India have changed by $159B from $309B in 2017 to $468B in 2022.

India's share of global gross domestic product (GDP) rose to 7.59 percent in 2023 when adjusted for purchasing power parity (PPP) and was projected to increase to 9.23 percent by 2029.

India exports of goods and services as percentage of GDP is 21.51% and imports of goods and services as percentage of GDP is 24.15%.

India has doubled its share of global commercial services exports to 4.4% in 2022 from 2% in 2005, according to a World Bank and World Trade Organization (WTO) report.