![]() That dollar metric represents a decrease from an average $300 per capita in 2021. Given India’s population of 1.423 billion people, its total $360 billion in 2022 exported products translates to roughly $250 for every resident in the vast South Asian country. ![]() ![]() Smaller percentages went to Africa (9.6%), Latin America excluding Mexico but including the Caribbean (3.6%) then Oceania led by Australia (1.9%). India shipped another 19.2% worth of goods to Europe. Those statistics show that 53.9% of products exported from India was bought by importers in: United States of America (18.1% of the Indian total), United Arab Emirates (6.4%), mainland China (5.8%), Bangladesh (3.6%), Hong Kong (2.9%), Singapore (2.7%), United Kingdom (2.63%), Netherlands (2.6%), Germany (2.4%), Nepal (2.33%), Belgium (2.29%) and Saudi Arabia (2.1%).įrom a continental perspective, 45.6% of India’s exports by value were delivered to fellow Asian countries while 20.1% were sold to North American importers. The latest available country-specific data is from 2021. India ranks among world-leading countries exporting diamonds, jewelry and refined petroleum. India’s weaker local currency makes Indian exports paid for in stronger US dollars relatively less expensive for international buyers. Year over year, the total value of goods exported from India declined by -8.8% from $394.8 billion in 2021.īased on the average exchange rate for 2022 on a Purchasing Power Parity basis, the Indian rupee dropped by -14.9% against the US dollar since 2018 and depreciated by -6.3% from 2021 to 2022. That estimated dollar amount reflects an 11.1% increase compared to $324 billion in 2018. By Strategically located near highly populated trading partners including China, Pakistan and Bangladesh, the Republic of India shipped US$360 billion worth of products around the globe in 2022. ![]()
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